Wednesday, December 10, 2014

LAD #21 Carnegie's Gospel of Wealth

After the Civil War there was a time of great economic growth. Andrew Carnegie was a very wealth business man who emerged during this time. His wealth came from supplying railroads, which was increasingly popular. Carnegie went on to create the "Gospel of Wealth" this basically how a capitalistic society is beneficial for big businesses. Carnegie was referred to by a robber baron by some, he suggests that the gap between the rich and poor was a result of big business and was better than if everyone shared equal wealth. He claims that robber barons better the economy by contributing to social programs. He talks about primogeniture where the flow of cash is allowed but wealth is transferred to the first born son. Carnegie expresses the need for the big businessman to contribute to funding which will help the lower classes. Carnegie lived by these rules, funding many libraries in the nation.