Carnegie Mellon University

The Gospel of Wealth Andrew Carnegie was the incarnation and manifestation of an ideal American Dream as he began his career as a replaceable servant and rose to power as he became a premier American Industrialist. Through years of hard work and determination he had finally become an established member of society when he started his Carnegie Steel Company. After attaining his massive wealth he published an essay in regards to the wealthy’s treatment of the laissez-faire, concerned about social…

businesses at age 19 (Encyclopedia of World Biography). Frick was knowledgeable of the potential value of coking coal deposits for the developing steel industry (YourDictionary). With financial help from relatives and the Pittsburgh banker Thomas Mellon, he began acquiring coal lands in the Connellsville region and building coke ovens (YourDictionary). The enterprise produced considerable returns and Frick utilized all profits into acquiring more coal land and producing…

Andrew Carnegie was one of the most famous businessman during the 1800’s. He worked in the steel industry and contributed a lot to the American society and economy. But he wasn’t as good as he looked, and he for sure wasn’t a hero. A hero is someone who cares about others and who is admired for having basic human qualities. But Carnegie never cared about them, and he lacked empathy and humanity. Andrew Carnegie wasn’t a hero because he mistreated his workers and he just gave money away to make…

Andrew Carnegie in “Gospel of Wealth” talks about the problem people were facing in 1889 was the administration of wealth, which was the era of industrial revolution. He was a person who didn’t want equality between wealthy and rich people, he always said rich people are the fittest and they should be. He gave reasons for what he said, people are poor because of themselves, they don’t work and don’t have education to progress. Carnegie was anti charity and didn’t support people who needed help.…

This episode was mostly based on the partnerships, and the hate that Carnegie and Fricke had started. Carnegie started out as a young man and worked for Tom Scott. Tom grows a strong relationship with Carnegie and makes him head management over the railroads in the west with him. There plan is to build a bridge over the Mississippi River to connect the East and West. He couldn't figure out anything that would hold such a big bridge like that, until he discovered metal. He was building the bridge…

In the first reading, What Should a billionaire give, the author Peter Singer touches upon a question we has humans have been asking for centuries, should the rich give away some of their earnings to help the less fortunate. Singer makes the argument that if we humans would have a price tag, we would be worth millions, yet we find it hard to sometimes give a little share of our money to help humans who are suffering. Singer uses real billionaires are examples in this reading such as Bill Gates…

Samuel Slater is known as the “Father of the American Industrial Revolution” and the ‘Father of the American Factory System”. In Britain he was known as “Slater the Traitor” (which has a way better ring to it, in my opinion) because he brought textile technology to America from Britain and modified it for use in the United States. He heard about the American’s interest in developing machines similar to the British machines. He also knew that the British had laws against exporting the designs, so…

In episode 1 of The Men Who Built America, it explains the influential impact major businessmen had on rebuilding America after the Civil War just ended. The video goes into the back story of Cornelius Vanderbilt when he was sixteen and bought a ferry for a loan of $100. Years after buying his first ferry, he has the largest shipping empire in the world. Because of his wealthy empire in shipping, he was so well known and earned the nickname “the Commodore”. Vanderbilt then took and sold…

it is the duty of the capitalist who has amassed great fortune during their lifetime, to give back to those who are less fortunes. Carnegie proposes on three main ideas of how wealth should be properly administrated. Although Carnegie’s arguments can be looked at as a double edged sword. One edge showing Carnegie as an ideal example, while the other would show Carnegie as an egotistical and ruthless businessman who will slash their works pay, and run other business under some corruption use in…

During the late 1800’s and early 1900’s many men had different views on the poor and the wealthy. Here we will go over Russell Conwell’s Acres of Diamonds as well as Samuel Gomper’s What Does the Working Man Want? A significant example of Conwell’s belief is when he says . “I say that you ought to get rich, and it is your duty to get rich.” It is a man’s responsibility to go out and work for his riches. To look around him and to use what he has at hand to earn a living. By hard work and…