How did Carnegie want to handle the inequality between the rich and poor?

Carnegie proposed that the best way of dealing with the new phenomenon of wealth inequality was for the wealthy to utilize their surplus means in a responsible and thoughtful manner. He was determined to be remembered for his good deeds rather than his wealth. He became a “radical” philanthropist.

What three ways did Carnegie suggest to dispose of personal wealth?

There are but three modes in which surplus wealth can be disposed of. It can be left to the families of the decedents; or it can be bequeathed for public purposes; or, finally, it can be administered during their lives by its possessors.

What was the basic message of Andrew Carnegie’s Gospel of wealth?

In “The Gospel of Wealth,” Carnegie argued that extremely wealthy Americans like himself had a responsibility to spend their money in order to benefit the greater good. In other words, the richest Americans should actively engage in philanthropy and charity in order to close the widening gap between rich and poor.

What did Carnegie do to ensure that his money would be used to help?

What did Carnegie do to ensure that his money would be used to help society? He built libraries that everyone could use. Carnegie donated his money to build institutions that would better society.

What does Carnegie mean when he say the man who dies rich dies disgraced?

Carnegie. What did he mean when he said “the man who dies rich dies disgraced”? Rich people should use their wealth to better people’s lives.

How did Carnegie view inherited wealth?

Carnegie argued that handing large fortunes to the next generation wasted money, as it was unlikely that descendants would match the exceptional abilities that had created the wealth into which they were born. He also surmised that dynasties harm heirs by robbing their lives of purpose and meaning.

Which of the following arguments did Andrew Carnegie make in his famous 1889 essay wealth later called The Gospel of Wealth )?

Which of the following arguments did Andrew Carnegie make in his famous 1889 essay “Wealth” (later called “The Gospel of Wealth”)? Though industrialization increased the gap between rich and poor, everyone’s standard of living rose.

What is the duty of the man of wealth?

This, then, is held to be the duty of the man of Wealth: First, to set an example of modest, unostentatious living, shunning display or extravagance; to provide moderately for the legitimate wants of those dependent upon him; and after doing so to consider all surplus revenues which come to him simply as trust funds.

How does Carnegie view the poor?

Carnegie did not want to just give money to the poor as a means of redistributing wealth. He opposed governmental forced redistribution of wealth. He felt that the wealthy were better able to make good decisions about the redistribution than the government.

How did Andrew Carnegie make all his money?

the steel industry
Scottish-born Andrew Carnegie (1835-1919) was an American industrialist who amassed a fortune in the steel industry then became a major philanthropist. Carnegie worked in a Pittsburgh cotton factory as a boy before rising to the position of division superintendent of the Pennsylvania Railroad in 1859.