What argument does Andrew Carnegie make about the uses to which the great fortunes of industrialists should be devoted?

Published: 2021-07-06 06:40:18
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Carnegie was a firm believer giving wealth away during one’s lifetime.  It sis i common from his quote: the man who dies thus rich dies disgraced”[1].  Carnegie’s essay is simply a way to show that people can have a balance between fairness and individualism. The gospel of wealth is a dispersing wealth and responsibilities that the wealthy people have towards the society.  Proper administration of wealth can prove to be a challenge at times, for this reason Carnegie proposes three ways to dispose the surplus wealth.  He gives three modes of disposing the surplus wealth.  The first one is to leave them with the families.  Mostly, the sons who inherit the family wealth waste it and most are destroyed by the money. However, there are exceptional cases where the sons use the wealth for a greater good. Secondly, the wealth can be bequeathed for public uses. The last way that Carnegie give of disposing the wealth is by distributing it during their lifetime.   According to Carnegie, leaving the fortune to the family is for the purposes of maintaining the family pride. With regards to leaving the wealth to the public, the author says that the wealthy person has to wait until he dies to leave his fortune to the public.   The only remaining mode is disposing it so that it can help the whole community at large. Giving money to the people who do not have anything is a waste of money because they would fritter the money away.  Thus, Carnegie came to a conclusion that the fortune should go to public projects and people who could help themselves.Citing examples from the essay, in what ways does Carnegie make his argument as persuasive as possible? Do you agree with his argument?Carnegie makes his arguments persuasive by putting emphasis on how important it is to give ones wealth to the community.  “…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”[2].  In this statement,  the author justifies how beneficial it will be to pass wealth to the community. The author believes that no one arises from their social class but they can only go higher in their quality of life.  The only way to do this is by giving their wealth to help members of the community.  Carnegie has a belief that it is not possible to transition from one class to another.  Carnegie recommends using the three modes of disposing off surplus wealth. It is all about giving away the wealth wisely.   I agree with the argument that Carnegie has about giving one’s wealth to the public.  Using this method to dispose the wealth will be beneficial not only to  a few people but to the whole community.Using evidence from the essay and/or textbook explain why you agree or disagree with his argumentMajority of the wealthy people spend their wealth lavishly.  Instead of doing this, it will better if  such individuals would use their wealth wisely and help bridge the gap between the rich and the poor.  Carnegie’s main argument was that the wealthy must live in a modest manner and must use their fortunes in elevating civilization.  I agree with the argument.  First of all,  the author says that the   wealth will be a property of many[3]. Thus, the society will benefit from an individual’s wealth.  Such wealth will become the more beneficial for the society than if it was used distributed  to many people. It will be more valuable to distribute the wealth in a way that it will help everybody in the community and not only the chosen few.    Carnegie asserts that the masses will reap the principal benefit  if the wealth are used for public purposes[4]. Disposing the wealth for public use will make the wealthy person to gain respect in the society. I also agree with Carnegie that a man of wealth should not  be extravagant and should help uplift those who are poor.  Administering the wealth for the community is better than just using it to better oneself.  Sharing wealth with the community is away to help improve the community in terms of improving the quality of lives of the inhabitants.  A country’s economy will also improve if only the few wealthy people would decide to share their wealth for the good of he community. Additionally, giving wealth to the public will also be in accordance with the  bible which talks about sharing one’s wealth with others.Work CitesHenretta, ed. Chapter 17: The Gilded Age: Building a Technological and Industrial Giant and a New Social OrderSheets, Sources for America’s History,17.1 “Industrialist Justifies Fortunes Used for the Common Good (Andrew Carnegie, Wealth, 1899)[1] Industrial justifies fortunes used for the common good( Andrew Carnegie wealth 1899)[2] 17.1 industrial justifies fortunes used for the common good (Andrew Carnegie, wealth, 1899)[3] Industrial justifies fortunes used for the common good(Andrew Carnegie, 1899)[4] Industrial justifies fortunes used for the common good (Andrew Carnegie, 1899)

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