Literature Study GuidesThe Gospel Of Wealth

The Gospel of Wealth | Study Guide

Andrew Carnegie

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Course Hero. "The Gospel of Wealth Study Guide." Course Hero. 27 Mar. 2020. Web. 10 Apr. 2021. <https://www.coursehero.com/lit/The-Gospel-of-Wealth/>.

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Course Hero. (2020, March 27). The Gospel of Wealth Study Guide. In Course Hero. Retrieved April 10, 2021, from https://www.coursehero.com/lit/The-Gospel-of-Wealth/

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Course Hero. "The Gospel of Wealth Study Guide." March 27, 2020. Accessed April 10, 2021. https://www.coursehero.com/lit/The-Gospel-of-Wealth/.

Footnote

Course Hero, "The Gospel of Wealth Study Guide," March 27, 2020, accessed April 10, 2021, https://www.coursehero.com/lit/The-Gospel-of-Wealth/.

Overview

Author

Andrew Carnegie

Year Published

1889

Type

Primary Source

Genre

Argument

At a Glance

  • Andrew Carnegie (1835–1919) was born in Scotland. In 1848 he immigrated to the United States. Through a series of successful investments, he acquired a massive fortune.
  • Wealth was published in the June 1889 issue of The North American Review. In this essay, Carnegie argued that wealthy people like himself had a duty to use their wealth to benefit humanity.
  • Wealth was published at a time of growing concern about economic inequality. The wealth of men like Carnegie stood in sharp contrast to the condition of most Americans.
  • Carnegie argued that the concentration of extreme wealth in the hands of a few was inevitable.
  • Carnegie proposed that wealthy philanthropists such as himself use their wealth to alleviate inequality.
  • An underlying motivation of the essay was to denounce the need for unions.
  • Carnegie's essay, which was later republished as The Gospel of Wealth, has influenced many philanthropists.
  • Critics, in Carnegie's time and now, have argued that Wealth is little more than a justification for maintaining structural inequality that benefits a wealthy few.

Summary

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