What is the “age” Carnegie is talking about?
The Gilded Age or the Industrial Revolution
.
What was the basic message of Andrew Carnegie’s Gospel of?
The Gospel of Wealth asserts that hard work and perseverance lead to wealth
. Carnegie based his philosophy on the observation that the heirs of large fortunes frequently squandered them in riotous living rather than nurturing and growing them.
What change is Carnegie talking about?
What is Carnegie saying about this change and “civilization”? He is saying that this change
“comes with civilization.
” This means that, according to Carnegie, when there was no civilization the “chief” and his “retainer” or follower were very much equal (“… little difference”).
What was Carnegie arguing about?
Carnegie, a steel magnate, argued that
very wealthy men like him had a responsibility to use their wealth for the greater good of society
. He reasoned that rich men were the smartest and most organized in a society, so they would be best suited to administer their own wealth.
What does Carnegie say about the good old times?
The “good old times” were not good old times .
Neither master nor servant was as well situated then as to day. A relapse to old conditions would be disastrous to both-not the least so to him who serves-and would sweep away civilization with it
….
Who does Carnegie argue money should be given to?
After retiring in 1901 at the age of 66 as the world’s richest man, Andrew Carnegie wanted to become
a philanthropist
, a person who gives money to good causes. He believed in the “Gospel of Wealth,” which meant that wealthy people were morally obligated to give their money back to others in society.
What does Carnegie say about charity?
He states that “
one of the serious obstacles to the improvement of our race is indiscriminate charity
.” By this, Carnegie means that money should not be indiscriminately handed out to “encourage the slothful, the drunken, the unworthy.” Carnegie believed that when it comes to charitable giving “the main consideration …
Was Carnegie a good man?
“
He was a very generous man
,” says one man walking down the main shopping street, which, like many in Scotland has its fair share of empty shops. “He also helped to develop the Dunfermline area and had a focus on children and education.”
What defines a rich person?
1. rich person –
a person who possesses great material wealth
.
have
, wealthy person. individual, mortal, person, somebody, someone, soul – a human being; “there was too much for one person to do” affluent – an affluent person; a person who is financially well off; “the so-called emerging affluents”
Why did Carnegie believe that money should not be left to the families of the decedents?
Why did Carnegie believe that money should not be left to the families of the decedents? …
He believed that the money was better spent or given away during a lifetime and he gave away most of his fortune this way
. He also believed that the people who received the inheritance spent it unwisely.
How according to Carnegie should the rich live?
A rich person’s moral duty, in Carnegie’s view, is thus
to live modestly
, provide moderately for his dependants, and administer all surplus wealth in the manner which produces the most beneficial results for the community.
How much money did Carnegie give away?
During his lifetime, Carnegie gave away
over $350 million
. 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 might well have agreed with Sinclair, at least when it came to
his status as a socialist
. While embracing elements of the socialist agenda, he rejected the notion that socialism itself could replace capitalism.
How does Andrew Carnegie argue that increasing inequality of wealth is both inevitable and beneficial?
He argued that it was an inevitable law of history that
civilization should advance in such a way as to create a small class of business owners with far greater wealth than ordinary workers
.
What kind of taxation plan does Carnegie favor?
Carnegie, who was opposed to income taxes and property taxes, nevertheless supported near
100% inheritance taxes on large estates
.
What did Carnegie oppose?
Carnegie strongly opposed the idea of American colonies. He opposed
the annexation of the Philippines
almost to the point of supporting William Jennings Bryan against McKinley in 1900. In 1898, Carnegie tried to arrange independence for the Philippines.
