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: -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-3: -"Wealth", more commonly known as “The Gospel of Wealth", is an article written by Andrew Carnegie in June of 1889 that describes the responsibility of philanthropy by the new upper class of self-made rich. The article was published in the North American Review, an opinion magazine for America’s establishment.

Detailed explanation-4: -Andrew Carnegie was a Scottish immigrant who made his great fortune as a Steel Tycoon. He was one of the wealthiest Americans in history. He stated it was the responsibility of the world’s wealthy to use their funds for philanthropic purposes that would benefit society.

Detailed explanation-5: -Carnegie wrote The Gospel of Wealth in 1889, when he still ran Carnegie Steel, to advise others on how to best follow his lead.