This preview shows pages 1–2. Sign up to view the full content.
This preview has intentionally blurred sections. Sign up to view the full version.View Full Document
Unformatted text preview: Wealth and poverty both a result of industrialization 1870 percentage of world goods from US <25% 1890 nearly 1/3 in 1890 Distribution of wealth widened. 10% owned 73% of wealth Horatio Alger-wrote childrens books about homeless orphan street boys. Kids worked hard and succeed. Great American hope of upward mobility summarized by Alger. Andrew Carnegie-rags to riches. Ended up being a steel baron. Gospel of Wealth-completion good for society b/c it ensures survival of the fittest. So inequality is part of life. Philanthropist. Vanderbilts also rags to riches. Biltmore. Samuel Clemons aka Mark Twain-Gilded Age(looks beautiful but is not real)-Twain says business practices are contraditcory...
View Full Document
- Spring '09