“We now stand ten years past the midpoint of a century that has witnessed four major wars among great nations. Three of these involved our own country. Despite these holocausts America is today the strongest, the most influential and most productive nation in the world. Understandably proud of this pre-eminence, we yet realize that America's leadership and prestige depend, not merely upon our unmatched material progress, riches, and military strength, but on how we use our power in the interests of world peace and human betterment.” – Dwight D Eisenhower It took humanity one thousand years to develop from the creation of the wheel to the completion of the first chariot. Henry Ford’s first car could barely drive 5 miles per hour; during his …show more content…
“Hear you have it! When you can’t find any reduction I your oil, tobacco, sugar, and steel bills, growing out of tufts fearful war on the trusts, screw up your faith a little tighter and observe what the administration says… All you’ve got to do is outlive Rockefeller, Morgan, Carnegie, and the other kings of finance and wait until their heirs get tired of grabbing off 20 to 90 per cent profit.” (Scripps 5) The progress made by these titans was unmatched nevertheless the effect that it had on the simple working class was not classified as pleasurable by the older traditionalists present in the working class. While Rockefeller and Carnegie were revolutionizing the industry the working class was left catching up to the new method of production. This led to a large change in both economic status of the social classes and the amount of interaction that happened between the upper and lower classes. Before the industrial revolution the ability for a peasant to work his way to an upper-class citizen would have been considered impossible. Henry Ford was born into a very poor family of 8, but he managed to create one of the most successful vehicle companies that is responsible for the creation of over 13.9% of the cars that exist at the …show more content…
Carnegie was born in Scotland where he started working in a cotton factory at 13 years old to get that 1 dollar and 20 cents an hour to his struggling family. Carnegie became financially stable at 30 years old when he started getting involved in both that iron and oil business. As Carnegie experience grew, he developed a system under which he became both the supplier and manufacture od his steel. His helped minimize expense and maximize profits and efficiency of production. US Steel became Andrew Carnegie’s biggest success which helped him amass a financial net worth almost equivalent of Rockefeller’s. “Fond of saying that ‘the man who dies rich dies disgraced,’ Carnegie turned his attention to giving away his fortune. He abhorred charity, and instead put his money to use helping others help themselves. He spent much of his collected fortune on establishing over 2,500 public libraries as well as supporting institutions of higher learning.” (PBS 1) Although Carnegie was always liked as both a coworker and a boss. The examples that Andrew Carnegie set have been followed by many entrepreneurs throughout the last century and are to this day shaping that way we as a society perceive both money and the concept of
In document C, we see a partial list of his transactions with charities, including; the Teachers’ Pension Fund, the Homestead Relief Fund, the Carnegie Institution, and public libraries. The things these donations did were very helpful to many, helping professors get old age help, funding steel workers and their families, promoting scientific research, and helping to create over 2,811 public libraries. He also created the Carnegie Corporation, which was a supertrust made to continue giving out Carnegie’s fortune after his death, primarily to education. This shows that he used his finances to give back to communities, which he could only do because of his financial
Andrew Carnegie Andrew Carnegie was a captain of industry because he gained a lot of money, but didn’t save all of it for himself. He gave his money to charities and different causes that benefited others. Carnegie believed in the “Gospel of Wealth”. This was an article that Carnegie wrote about how wealthy people should give their money to others instead of keeping it for themselves. He supported education and reading because he loved to read and he thought it was important for new generations.
In this composition, he addressed that the three ways for wealth to be distributed are give it to the family, use it for public service, or to administer it throughout the life of the possessor. (Wealth and Its Uses 31) He later goes on to explain that, “The only mode of producing lasting good by giving large sums of money is from the millionaire to give as close attention to its distribution during his life as he did to its acquisition” (Wealth and Its Uses 31). From all the uses that he listed, it is clear that he believed most strongly in giving large sums of money for the people. Carnegie used dedication and strategical thinking to build a fortune and use it to help others.
I agree with Andrew Carnegie’s decision to donate and invest his accumulated wealth in the public because it is the most useful and beneficial way to spend his wealth. Moreover, I believe that distributing the money to relatives or keeping the money to oneself does not sufficiently utilize the money. By donating and investing in the public, a majority of the money can be spent on necessities for the general public, rather than spending the money on a single person. In other words, Andrew Carnegie’s decision to donate and invest in the general public benefits significantly more people than it would if he were to give it to relatives or keep it to himself. Furthermore, I believe that withholding the money to oneself is unrightful in the sense
Yet another charitable act was when he donated 5 million dollars to the New York Public Library. He also started the Carnegie Endowment for International Peace in 1910. Carnegie once wrote that the wealthy have “a moral obligation to distribute [their money] in ways
Carnegie preached wealth should not be personal but rather shared. He fought for economic equality by ensuring the wealth at the time was spread out for the public purpose, as well as making sure his wealth would be put to great use once he passed. Nonetheless, the United States economy would not have taken off without industrialists like Andrew
That's why he wanted people to learn to earn their own money. and it was better for people with a lot of money to leave the money to be used in public because that helped other people. The other mode was how couldn't a person with so much money could not help others. that's why Andrew Carnegie put these three modes and that made him a hero because he wanted others to learn to work and share their wealth with
Carnegie donated money to establish ($350 million worth) libraries, schools, universities, and pension funds for his employees. James J. Hill provided seed, grain, and cattle to farmers during the Great Depression. (Hook Exercise). These entrepreneurs promoted inventions that enhanced the way we live in the developing technological era. When people were in need, these captains of industry were there to save the day, sharing their money like it was no big deal; only it really was to the ones who needed
Innovator., 2015). In addition, Andrew Carnegie is best known for his charitable impact on public libraries across the United States and the world. Andrew Carnegie decision to fund and to help build libraries across the United States was born from a passion to help others and the impact libraries could have on a community. Andrew Carnegie came from poverty; he later donated sixty million dollars to fund 1,689 public libraries across the United States (Stamberg, 2013). The belief that it was one’s responsibility to give back, and his belief that public libraries can be instrument of change were the reasons that Carnegie funded and built libraries.
Rather, he thought that wealthy men had a responsibility to determine how the money they made was spent. Carnegie himself became a huge philanthropist and his essay, “The Gospel of Wealth” started a large wave of philanthropy. His essay states that the “surplus wealth of the few will become, in the best sense, the property of the many, because administered for the common good, and this wealth, passing through the hands of the few, can be made a much more potent force for the elevation of our race than if it had been distributed in small sums to the people themselves.”
His philanthropies went towards things like libraries and donating instruments to help with education for the public. Giving away his wealth to help others better themselves, was a high priority for him. He contributed to the development of churches, libraries, and universities to help those who were working towards something. This may have been a result of the difficult childhood he had and the struggle he faced when trying to improve his life. Both this and Social Darwinism had a part in changing Carnegie’s view of himself from the son in a poverty-stricken family, into someone who took advantage when opportunities were presented and created an exceptional life for himself.
Carnegie is not a hero because he took money, only gave to other wealthy recipients, and contributed largely to his own. Andrew Carnegie took money away from deserving people. Carnegie cut the wages of his workers to donate money elsewhere. In document D, there are two images of Carnegie, one is giving a wage cut notice to the workers and the other is giving a check to Scotland and donating a library to Pittsburg. Carnegie’s employees were working hard and trying to survive in a tough economy, their wages did not deserve a cut.
The late nineteenth century was a pivotal moment in American history. During this time, the Industrial Revolution transformed the nation, railroads had dissipated all throughout the country, and economic classes began to form, separating the wealthy from the poor. One of the wealthiest men of this generation was Andrew Carnegie, a Scottish immigrant who fled to America to make millions off the railroad, oil and even steel businesses. Carnegie is considered one of the richest men in history, and even with all that wealth he decided to give back to the community. As a matter of fact, Carnegie donated most of his funds to charities, universities and libraries in his last few years.
Thesis : After the Civil War, America was in a post-war boom. During the 1870-1890, big business moguls, such as Rockefeller and Carnegie, create huge corporations which not only affected the economy, but also affected the political realm of America. While many may assume that during the rise of these big business helped to change the economy and politics, the real focus was on the responses formed by society, such as labor unions, increase public outcry, and political opposition groups that helped to change society. A: Economically, big business flourished during the late 1800s.
Andrew Carnegie amassed his fortune by utilizing vertical integration and employing cheap labor, at the expense of the common man. This tactic proved effective when competing with other companies. However, as a result, workers were manipulated and used as pawns in a game with a predetermined winner. Working as blue collar laborers, the employees had no chance to improve their socioeconomic status and their way of life, completely contradicting Carnegie’s own theory that wealth would be rewarded to those who worked hard and proved themselves capable and competent of handling it.