USA HISTORY

Detailed explanation-1: -Originally titled simply “Wealth” and published in the North American Review in June 1889, Andrew Carnegie’s essay “The Gospel of Wealth” is considered a foundational document in the field of philanthropy.

Detailed explanation-2: -He believed in the “Gospel of Wealth, ” which meant that wealthy people were morally obligated to give their money back to others in society. Carnegie had made some charitable donations before 1901, but after that time, giving his money away became his new occupation.

Detailed explanation-3: -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.

Detailed explanation-4: -The ‘Gospel of Wealth’ was an article written by Andrew Carnegie in 1889. Carnegie, a steel magnate, argued that very wealthy men like him had a responsibility to use their wealth for the greater good of society.