andrew carnegie 1889 essay wealth

the economy. . The laws of accumulation should be left free; the laws of distribution free. Three Options for Wealth, carnegie argued that prosperous men must distribute their wealth, and they had three options.

Andrew carnegie 1889 essay wealth
andrew carnegie 1889 essay wealth

The man of wealth must become a trustee and agent for his poorer brethren, bringing to their service his superior wisdom, experience, and ability to administer. Instead he chose to distribute it in his lifetime. In other words, the rich should devote themselves to distributing their wealth responsibly to benefit society while they are still alive. This belief is still widely held in America, and inequality has only increased. This inequality was disturbing to Carnegie. Unlock Content, over 70,000 lessons in all major subjects. It were better for mankind that the millions of the rich were thrown into the sea than so spent as to encourage the slothful, the drunken, the unworthy. Thus, is the problem of the rich and poor to be solved. You will learn why Carnegie wrote it, what the article argued, and reflect on the influence it has had on American society.