answersLogoWhite

0

Andrew Carnegie, in his essay "The Gospel of Wealth," suggests that human competition is a natural and beneficial force that drives progress and innovation. He believes that the accumulation of wealth is a positive outcome of this competition, as it enables individuals to contribute to society through philanthropy. Carnegie argues that the wealthy have a moral obligation to use their fortunes for the greater good, promoting social welfare and improving the lives of others. Ultimately, he views wealth as a tool for societal advancement, rather than an end in itself.

User Avatar

AnswerBot

3mo ago

What else can I help you with?

Continue Learning about Economics

What is Andrew carnegie's rationale for the awhat is Andrew carnegie's rationale for the accumulation of wealth and power in the hands of the rccumulation of wealth and power in the hands of the rich?

Andrew Carnegie believed that the accumulation of wealth by the rich was justified as it enabled them to use their resources for the greater good of society. He argued that wealthy individuals had a responsibility to distribute their surplus wealth in ways that benefited the community, a concept he termed the "Gospel of Wealth." Carnegie contended that the rich were best positioned to make philanthropic investments, as they could fund education, public libraries, and other initiatives that would uplift society. Ultimately, he saw wealth as a tool for progress and social improvement rather than mere personal gain.


How did Andrew carnegie gain his wealth?

Andrew Carnegie gained his wealth from the steel industry. He is the founder of the company, US Steel which he created in 1901.


What did Andrew Carnegie do with his wealth?

He used it to help the poor. Apex :)


What did Andrew Carnegie do with wealth?

He used it to help the poor. Apex :)


What was Carnegie attitude about the accumulation of wealth and power in the hands of the rich?

Andrew Carnegie believed that the accumulation of wealth and power by the rich was a natural and positive outcome of capitalism, as it incentivized innovation and progress. However, he also emphasized the responsibility of the wealthy to use their fortunes for the greater good, advocating for philanthropy to address social issues. In his essay "The Gospel of Wealth," Carnegie argued that the rich should act as stewards of their wealth, distributing it to improve society rather than hoarding it. Ultimately, he saw wealth as a tool for societal advancement rather than an end in itself.

Related Questions

Who wrote gospel of wealth?

The "Gospel of Wealth" was written by Andrew Carnegie in 1889. In this essay, Carnegie discussed his views on wealth accumulation and philanthropy, arguing that the wealthy have a responsibility to use their wealth to benefit society.


What is Andrew carnegie's rationale for the awhat is Andrew carnegie's rationale for the accumulation of wealth and power in the hands of the rccumulation of wealth and power in the hands of the rich?

Andrew Carnegie believed that the accumulation of wealth by the rich was justified as it enabled them to use their resources for the greater good of society. He argued that wealthy individuals had a responsibility to distribute their surplus wealth in ways that benefited the community, a concept he termed the "Gospel of Wealth." Carnegie contended that the rich were best positioned to make philanthropic investments, as they could fund education, public libraries, and other initiatives that would uplift society. Ultimately, he saw wealth as a tool for progress and social improvement rather than mere personal gain.


Who was the first industrialist to advocate the gospel of wealth?

Andrew Carnegie was the first industrialist to advocate the gospel of wealth. He believed that the wealthy had a responsibility to use their wealth to benefit society and help those less fortunate. Carnegie promoted the idea that the rich should engage in philanthropy and contribute to the welfare of the public.


What are good questions to ask about Andrew Carnegie?

What impact did Andrew Carnegie have on the American steel industry? How did Andrew Carnegie's philanthropy efforts shape society? What role did Andrew Carnegie play in labor relations and the formation of unions? How did Andrew Carnegie's rise from poverty to wealth influence his views on wealth distribution and giving back to society?


How did Andrew Carnegie express his in the gospel of wealth?

Andrew Carnegie expressed his belief in the Gospel of Wealth by donating millions to philanthropy and founding thousands of public libraries.


Industrialist who preached the gospel of wealth?

Andrew carnegie


What were Andrew Carnegie contributions to society?

the gospel of wealth


How did Andrew carnegie gain his wealth?

Andrew Carnegie gained his wealth from the steel industry. He is the founder of the company, US Steel which he created in 1901.


What evidence do you find that Andrew Carnegie followed his own advice in rising to the top?

Andrew Carnegie followed his own advice in rising to the top by emphasizing continual self-improvement, networking with influential figures, and making strategic investments to grow his wealth. He applied his principles of hard work, innovation, and adaptability in his own business ventures, particularly in the steel industry, which ultimately led to his success and accumulation of wealth.


What were the biggest problems for Andrew Carnegie?

Getting rid of his wealth.


What did Andrew Carnegie do with his wealth?

He used it to help the poor. Apex :)


What did Andrew Carnegie do with wealth?

He used it to help the poor. Apex :)