USA HISTORY

Detailed explanation-1: -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-2: -He gave his money with a particular focus on higher education, establishing a well-known university, a music hall, and over 2, 500 libraries. The Gospel of Wealth continues to influence American’s perception of the rich, the poor, and the importance of philanthropy.

Detailed explanation-3: -Carnegie’s Gospel of Wealth Andrew Carnegie advocated a gentler version of Social Darwinism that he called the Gospel of Wealth. This philosophy held that wealthy Americans should engage in philanthropy, using their fortunes to create the conditions that would help people help themselves.

Detailed explanation-4: -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.