The Gospel Of Wealth Essay - 1766 Words

Carnegie came from humble beginnings, but through his extraordinary vision he would become the richest man on the planet and would display idealized influence and inspirational motivation through his philanthropic endeavors, inspiring the nation’s richest to give to charities through the use of foundations. Carnegie was born in Scotland and moved to U.S with his family in 1848 when he was 12 years old. His father attempted to start a weaving business in America, but failed, leaving Carnegie to work in a mill for $1.20 a week (Goldin, 1988, p. 13). Carnegie would go to on to build a fortune worth almost $450 million by making investments and building a technologically advanced steel making process at a time when the U.S was using steel†¦show more content†¦12). Carnegie’s philanthropy had a big influence on the rich in the U.S, and his philanthropic foundations became the example vehicle for the wealthy to give back to the community. After Carnegie communic ated his vision for the wealthy to take up philanthropic endeavors and lead by example, every self-respecting wealthy individual in America had to have at least one foundation in which to give to charity (Goldin, 1988, p. 17). Some of the most prominent followers of Carnegie’s examples were John D. Rockefeller, John D. Rockefeller Jr., and his five grandsons who would establish foundations of their own and give large amounts of money to charity (Goldin, 1988, p. 17). John D. Rockefeller said of Carnegie â€Å"I would that more men of wealth were doing as you are doing with your money but be assured your example will bear fruit† (Goldin, 1988, p. 13). Rockefeller would be right. At the end of the 19th century there were only five such foundation, six more would be added within the first decade of the century, 22 in the second decade with 41 being added in the third (Goldin, 1988, p. 17). Today, there are over one million charities and foundations (Williams, 2010). Carnegie can be attributed to the success of philanthropy. Through his philanthropic writings, Carnegie showed the visionary leadership trait of inspirational motivation. Inspirational motivationShow MoreRelatedAndrew Carnegies Gospel of Wealth Essay examples571 Words   |  3 PagesAndrew Carnegies Gospel of Wealth Andrew Carnegie believes in a system based on principles and responsibility. The system is Individualism and when everyone strives towards the same goals the system is fair and prosperous. Carnegie’s essay is his attempt to show people a way to reach an accommodation between individualism and fairness. This system can only work if everyone knows and participates in his or her responsibilities. I will discuss Carnegie’s thesis, his arguments and the possibleRead MoreEssay on The Gospel of Wealth, by Andrew Carnegie975 Words   |  4 PagesIn the â€Å"Gospel of wealth†, Andrew Carnegie argues that it is the duty of the wealthy entrepreneur who has amassed a great fortune during their lifetime, to give back to those less fortunate. Greed and selfishness may force some readers to see these arguments as preposterous; however, greed is a key ingredient in successful competition. It forces competitors to perform at a higher level than their peers in hopes of ob taining more money and individual wealth. A capitalist society that allows thisRead MoreEssay about The True Gospel of Wealth: Andrew Carnegie.698 Words   |  3 Pages The True Gospel of Wealth: Andrew Carnegie The True Gospel of Wealth, an article written by one of the richest, most powerful men of the 19th century, is a guide to a nation virgin to mass amounts of wealth, and power. 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