Andrew Carnegie was conceived in 1835. He died in 1919. He was 84 years old when he died. Carnegie, a Scottish immigrant, was the founder of the world’s biggest steel company. Carnegie was one of most successful men in the country thanks to his steel company. The reason for this was that the steel company was one of the most productive in its time. He was wealthy but different. He wasn’t content to hold onto his wealth, he wanted to give it away. He stressed the importance of giving away money to the poor and not being greedy.
Andrew is making a public announcement. This would be an opinion item because Andrew is explaining the “Gospel Of Wealth” and how others can benefit. Carnegie wants people do good.
Carnegie sees the “law of Competition” as an advantage for different types of people and companies. Carnegie believes the law of competition is beneficial to everyone. The survival of fittest requires that someone be at the top. Carnegie identifies three ways wealth can be dispersed when someone is at the top. Carnegie relies heavily on personal experience and rational reasoning to back up his belief.
Summary and AnalysisThere is a connection between two points. The law of competition is the first and most important. It helps us all to be better people. Carnegie believes this law, which maximizes the potential of people, is “best” for the race. Andrew’s comments are profound because he was born in Scotland. As a child, he wasn’t spoilt and when it was time to take over his father’s business, he did so. Carnegie started his steel company from scratch. He is free to discuss how survival-of-the-fittest can be a benefit to everyone. This is because he was able make the most effective steel company at that time.
Carnegie describes competition’s benefits as essential to the progress of the race. It makes sense today because everyone is entitled to the same pay and benefits. How can we get the best out of everything? Carnegie built the most successful steel company in history. Carnegie was referring to the law that competition encourages people to work more. This law has been a key to society’s success. People compete with and outwork each other to create the best product.
Carnegie also points out that there are three ways that surplus wealth can go. This is the law that competition. Wealth is created when one outworks and outhustles others in their field. If one is able to outwork others in their field and are ranked number one, then what do you do? After paying living expenses, how can one make the most of the wealth they are bringing in? Spend it all on yourself and your family. These are the three modes of Carnegie.
Carnegie describes the first method as “it could be left to relatives of the deceased”. Carnegie says that although this is the majority of people’s wealth, Carnegie believes it’s not wrong to call this misguided affection. This is why it is called misguided. Although anyone can possess money, it is not a way to learn how to work with others. They just get the feeling that money is available because it is.
Carnegie describes the second method as “it can’t be left for public use”. Carnegie describes these men in the following way: “Men who wouldn’t leave it at all, were they able to bring it with them.” They are this because when someone dies, they leave all their money behind for the public. Even though they were alive and healthy, they did not intend to give the money away. They do so because they have no other choice.
Carnegie believes the best alternative is the “in which the surplus wealth is shared by many”. Carnegie believes that this is a good solution, as it serves the common interest. The wealth of someone who is truly powerful will allow more people to benefit from it as it will spread around the globe. The wealth can be distributed to the world but not shared. It is up to the people to decide what they do with it.
ConclusionCarnegie believes it is the best way to live in society. He thinks that keeping money for yourself is better than giving others the opportunity to do the same. Carnegie’s discussion about how to get wealth is a great read. The best way is not only the most effective, but also the reason why other methods have a negative effect on mankind. Carnegie believes that wealth building is possible through the law and competition. This allows the reader to make a contribution to making the world a better place. Carnegie explained his reasoning and now it’s up to society to follow that plan or come up with something better.
