Andrew Carnegie was a very strong advocate of capitalism. He believed in the power of the individual to create his own destiny through hard work. He did not believe in the redistribution of wealth, nor did he believe in leaving too much to his children. He felt that if you give too much to your children it will make them dependant on this money and unwilling to work for themselves.
Andrew Carnegie's first job as a bobbin boy in a cotton factory paid him around $1.20 a week. This job involved long hours of hard labor, and Carnegie's early experiences in the workforce shaped his views on industry and philanthropy later in life. Despite the low pay, he valued the opportunity to work and learn, which contributed to his later success.
No, capitalism and communism have very distinct views about the allocation of resources in a society. Capitalism supports private ownership with the profit motive, deriving additional expansion by accumulating more capital from continual investment. Communism supports social ownership of social resources for the benefit of society, not for profit.
Socialist or free market. All else is a twist on this. capitalism mixed market
It was his favorite method because he enjoyed giving to people, and out of the three methods, this method gave the most to society.
Andrew Carnegie's Monopoly is the extreme case in capitalism.
andrew carnegies followers
Pittsburgh
bad
Andrew Carnegie how he spent his money
libraries.
hiring flink
J.P. Morgan
Industrialist, Andrew Carnegie introduced the concept of philanthropy as an obligation of the wealthy, as opposed to a choice. He believed the wealthy were the stewards of their property, holding it in trust to benefit mankind. His principles of charity were outlined in his "The Gospel of Wealth".
Louise Whitfield
Henry Frick
Andrew Carnegie believed that wealthy individuals had a moral obligation to give back to society through philanthropy. He emphasized the importance of using wealth to benefit others and believed in the concept of "duty of the rich" to address social inequalities. Carnegie's views on social responsibility influenced his philanthropic efforts and his advocacy for the redistribution of wealth.
wealthy people were obligated to donate money to worthy causes