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Andrew Carnegie's The Gospel Of Wealth

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The Gospel of Wealth
This essay agrees with philanthropic beliefs and it will discuss why the business practice of Andrew Carnegie contradict his philanthropic beliefs. Imagine how the United States would be if the richest people would donate some of their earnings for the good of society? Andrew Carnegie one of the world's richest man became philanthropist, a person seeking to promote the welfare of others, especially by donating money to good causes just after he retire in 1901. He believed in the "Gospel of Wealth," which meant that wealthy people were morally obligated to give their money back to others in society.
Before 1901, Andrew Carnegie had made some generous donations. After that time, he started to donate all his money as it was …show more content…

Carnegie gave away over $350 million. In 1902 he founded the Carnegie Institution to fund scientific research. He also established a big pension fund for the teachers with a $10 million donation. Throughout his life, Andrew Carnegie was a big fan of reading. When Andrew Carnegie was a young man system of free public libraries did not exist and it was very difficult to find books to read during that time. Luckily, he lived near Colonel James Anderson, who was a successful man who allowed any working boy to use his personal library. Therefore, it is logical to think that he wanted to give his money to support reading and education. Consequently, He gave $125 million to a foundation called the Carnegie Corporation to aid colleges and other schools. Furthermore, Andrew Carnegie and the Carnegie Corporation subsequently give over $56 million to cities and towns to build more than 2,000 libraries. "Many persons of wealth have contributed to charity, but Carnegie was perhaps the first to state publicly that the rich have a moral obligation to give away their fortunes." (Carnegie Corporation). In 1889, he wrote The Gospel of Wealth, in which he asserted that “all personal wealth beyond that required to supply the needs of one's family should be regarded as a trust fund to be administered for the benefit of the community.” To sum it up, all the damage that he did was reward to the society of the United States with a great gift that was

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