The Gospel of Wealth

Devalued Wealth Today exist at the top of the economic stratum a small percentage of the overall United States’ population who relish in the great comforts and luxuries their wealth has permitted them to enjoy. Meanwhile, at the bottom of the stratum are those who cannot afford nor have access to the most basic resources. Despite numerous economic classes are here to undefined, the gap between the wealthy and the impoverished is nonetheless expansive. The wealthy are elite groups who have the…

Each essay presented in the chapter six conversation section expresses a perspective on what each individual's responsibility is to their community. Out of the seven beliefs presented, I find the idea that the rich should give their wealth to those in need the most compelling. In certain circumstances, those less fortunate need as much help as they can get. It’s a strange idea to think that there’s people who have billions of dollars in their bank account while there are still undeveloped…

Andrew Carnegie published his essay The Gospel of Wealth to fight for a change in capitalist world. He thinks that individual capitalist’s duty is to play a role in social and cultural influence, to improve the world. In his essay Carnegie mentions, “the duty of the man of wealth: first, to set an example of modest, unostentatious living, shunning display or extravagance” (The Gospel). Carnegie is saying that wealthy men need to be an example to everyone else. They need to act professional and…

Everyone wants to be rich. In The Gospel of Wealth written by Andrew Carnegie, Carnegie focuses on the 1% of the world’s population. The Gospel of Wealth is a blend of Social Darwinism and philanthropy. The essay argues that the rich people are superior to all others and that they should use their money to aid less fit people. Furthermore, Margin Call is a movie that captures a day in a global financial services firm called Lehman Brothers. In the film the firm tries to avoid falling into a…

majority of the nation’s wealth. They also came to agree with the views of Herbert Spencer, which was that the “fittest” would use their successes economically to help those in need (the weak); since they were rich, they were fit. This came to rapidly increase the inequality in society as the economic elite became wealthier, leaving a distinct gap between the rich and the poor. For the socialists, the wealth was clearly limited to few individuals and they argued that the wealth of the elite…

for them to get a well paying job and earn the money they need to survive. In his 1889 review, Andrew Carnegie promoted what he called “The Gospel of Wealth”. He believed it was the obligation of those who accumulated to money to use it to promote the advancement of society. Like Carnegie, I believe that it is the responsibility of the 1% to use their wealth to aid the poor and not to buy lavish but pointless materialistic items. I believe that they should take it upon themselves to ensure…

In the excerpt from The Gospel of Wealth, Andrew Carnegie expresses his views of the current age from earlier eras. He had the notion that the rich and the poor should bind together and benefit as one. He noted that not only the conditions in which they were living had changed, but it had ‘revolutionized’. This created many contrasts between the social classes that he believed were beneficial for the human race. Carnegie points out that most, if not all, of the recent changes being made had…

and welcomed the wealth in hands of few because as we discussed previously he earned the money himself, and even though he was one of the wealthiest of this time period and had a notorious name for himself, he also excelled in philanthropy. Carnegie makes a valid point in his Gospel of Wealth where he states, “Those with great wealth must be socially responsible and use their assets to help others” (Gospel of Wealth). The people of this time period should have accepted the wealth in his hands…

In the late 19th century when the United States began industrializing, the increasing wealth inequality became a contentious issue. Adherents to Social Darwinist theory, such as William Graham Sumner, advocated against government intervention to address inequality, to naturally allow the fittest to survive and, in turn, spur progress. Other groups, such as the socialists and populists, called for government regulation to address this inequality and other important social issues. Yet Andrew…

gained great wealth in the steel industry before turning into a major philanthropist. His family moved to America to seek better economic opportunities. He started out working in a cotton factory as a boy and then rose up the latter of command through time. By his early thirties he was already well off and realized he wanted change. In 1901 he sold his company to J.P. Morgan for $480 million dollars and devoted himself to philanthropy. His most renowned work is The Gospel of wealth in which he…