But the amount which can be wisely given by the individual for individuals is necessarily limited by his lack of knowledge of the circumstances connected with each. Men who continue hoarding great sums all their lives, the proper use of which for public ends would work good to the community, should be made to feel that the community, in the form of the state, cannot thus be deprived of its proper share.
There are instances of millionaires' sons unspoiled by wealth, who, being rich, still perform great services in the community. And it is of this great question that I believe I offer the true solution.
Formerly articles were manufactured at the domestic hearth or in small shops which formed part of the household. Public sentiment is quick to know and to feel what offends these. In a free country, we are free to make a million, and free to starve.
Of all forms of taxation, this seems the wisest. Under the first and second modes most of the wealth of the world that has reached the few has hitherto been applied.
Encyclopaedia Britannica,— Knowledge of the results of legacies bequeathed is not calculated to inspire the brightest hopes of much posthumous good being accomplished.
We might even go so far as to take another instance, that of Mr. If any man has seen fit to rear his sons with a view to their living idle lives, or, what is highly commendable, has instilled in them the sentiment that they are in a position to labor for public ends without reference to pecuniary considerations, then, of course, the duty of the parent is to see that such are provided for in moderation.
It is a law, as certain as any of the others named, that men possessed of this peculiar talent for affair, under the free play of economic forces, must, of necessity, soon be in receipt of more revenue than can be judiciously expended upon themselves; and this law is as beneficial for the race as the others.
As a general rule, he noted, most fortunes are not passed on because of thoughts of the welfare of children, but because of family pride. It is not practicable in our day or in our age. Unequally or unjustly, perhaps, as these laws sometimes operate, and imperfect as they appear to the idealist, they are, nevertheless, like the highest type of man, the best and most valuable of all that humanity has yet accomplished.
But whether the change be for good or ill, it is upon us, beyond our power to alter, and therefore to be accepted and made the best of. Carnegie argued that the life of a wealthy industrialist should comprise two parts.
This is not wealth, but only competence which it should be the aim of all to acquire. The laborer has now more comforts than the landlord had a few generations ago.
The laws of accumulation should be left free; the laws of distribution free. Carnegie, through Keystone, supplied the steel for and owned shares in the landmark Eads Bridge project across the Mississippi River at St.
The laws of accumulation will be left free ; the laws of distribution free. The "good old times " were not good old times. It is founded upon the present most intense individualism, and the race is prepared to put it in practice by degrees whenever it pleases.
The cases are not few in which the real object sought by the testator is not attained, nor are they few in which his real wishes are thwarted.
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. He also gave stock to Scott and Thomson in his businesses, and the Pennsylvania was his best customer.
Thus far, accepting conditions as they exist, the situation can be surveyed and pronounced good. He was a republican and opposed slavery, and this provided an opportunity to serve the cause.
This day already dawns. Not evil, but good, has come to the race from the accumulation of wealth by those who have the ability and energy that produce it. When the Civil War erupted, he was asked to take charge of US government railways and telegraphs.
Such are the very salt of the earth, as valuable as, unfortunately, they are rare; still it is not the exception, but the rule, that men must regard, and, looking at the usual result of enormous sums conferred upon legatees, the thoughtful man must shortly say, "I would as soon leave to my son a curse as the almighty dollar," and admit to himself that it is not the welfare of the children, but family pride, which inspires these enormous legacies.
He is the only true reformer who is as careful and as anxious not to aid the unworthy as he is to aid the worthy, and, perhaps, even more so, for in alms-giving more injury is probably done by rewarding vice than by relieving virtue.
Tilden had devoted the last years of his own life to the proper administration of this immense sum; in which case neither legal contest nor any other cause of delay could have interfered with his aims.
In relation to big giving, Carnegie set the modern standard, and beyond the millions of lives enlightened by his libraries and other institutions, this is his even greater legacy.
Carnegie accepted this job with the railroad as he saw more prospects for career growth and experience with the railroad than with the telegraph company. This outbreak left 7 workers and 3 guards dead, and many more wounded.
When questioned, Carnegie called the violence "deplorable" but otherwise pleaded ignorance, and stated "I have given up all active control of the business. Nor need it be feared that this policy would sap the root of enterprise and render men less anxious to accumulate, for to the class whose ambition it is to leave great fortunes and be talked about after their death, it will at- tract even more attention, and, indeed, be a somewhat nobler ambition to have enormous sums paid over to the state from their fortunes.
Even in Great Britain the strict law of entail has been found inadequate to maintain the status of an hereditary class.
One who studies this subject will soon be brought face to face with the conclusion that upon the sacredness of property civilization itself depends--the right of the laborer to his hundred dollars in the savings bank, and equally the legal right of the millionaire to his millions.
The Gospel of Wealth [Andrew Carnegie] on douglasishere.com *FREE* shipping on qualifying offers. Andrew Carnegie (November 25, – August 11, ) was a Scottish American industrialist who led the enormous expansion of the American steel industry in the late 19th century.4/5(48).
“The Gospel of Wealth” By Andrew Carnegie. The problem of our age is the proper administration of wealth, so that the ties of brotherhood may still bind together the rich and poor in harmonious relationship. The conditions of human life have not only been changed, but.
The Gospel of Wealth is written by Andrew Carnegie, one of America's richest men in history. Carnegie sees the affluent as stewards of the public, and confers upon them an affirmative duty to use their wealth to good uses (i.e.
philanthropy)/5. Inthe steel magnate Andrew Carnegie published a pair of articles later known as “The Gospel of Wealth” in the North American douglasishere.com essays laid out his ideas about how the ultra-rich should use their assets to ameliorate the unequal distribution of wealth, rather than hoarding their money.
The Gospel of Wealth, by Andrew Carnegie, Is a Politically Incorrect Assessment of Wealth in America from One of the Greatest Philanthropists and Industrialists of All Time. Learn from His Experience and Uncommon Wisdom. Verified Correct Chapter 18 Quiz Study Guide study guide by jiggamurf includes 30 questions covering vocabulary, terms and more.
Quizlet flashcards, activities and games help you improve your grades.Andrew carnegies view on philosophy in his gospel of wealth