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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