LAD #17: Andrew Carnegie's Gospel of Wealth

In Andrew Carnegie's Gospel of Wealth, Carnegie talks about how wealthy people are necessary for America and the American government to survive. He states that wealth is “essential for the progress of the race,” and that “Without wealth there can be no Maecenas.” He then proceeds to talk about although wealth and the three modes that an individual should deal with their surplus amount of wealth. The first mode of disposing wealth is by giving it to one’s descendents. Andrew Carnegie does not support this mode. The second mode is to give it to public use. This is Carnegie’s favorite mode, and we can see this through his generous donations. The third mode is that the money can be used during the possessor’s lifetime. This mode is not supported by Carnegie. In the article, it is clear that Carnegie supports philanthropy and that he is a great person.