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Andrew Carnegie's Gospel of Wealth

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Andrew Carnegie, The Gospel of Wealth (1889) Andrew Carnegie’s “The Gospel of Wealth,” written in 1889, reflects Carnegie’s beliefs in the responsibilities of the wealthy to give back to society so that the rich and poor “…may still bind together…in harmonious relationship.” (28) He also expresses how such a distinction between the wealth of social groups is an indication that America is a more civilized nation. Carnegie then continues to convey the value of assisting the lower and middle classes in rising to greater prosperity, rather than the rich just giving their money to their families. He stresses investing money into public projects and institutions, like free libraries, parks, and means of recreation in order to “…improve the general condition of the people…” (30) Overall, “The Gospel of Wealth” is about the importance of reimbursing money to the public in order to help society improve and enable others climb the economic ladder. This document is connected to the Gilded Age that occurred in the United States. Economic revolution was spurred, especially through technological advances. Carnegie was a part of this economic and technological advance through his contributions in the steel industry and through his establishment of “vertical integration.” The document is significant because it projects one belief of someone who rose in wealth and fortune during the Gilded Age. A lot of people who had money weren’t as willing to spend it or spent it on extremely lavish homes or other personal desires for themselves or their families. However, Carnegie offered a different viewpoint in how wealth should be distributed that made a lasting impact on America. What this document says about the time period is that there was clearly an expanding gap between the rich and poor brought about by innovation and with that, came ideologies of what that meant for the United States. In Andrew Carnegie’s case, it meant a greater opportunity to present greater opportunities.

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