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  • Essay / Andrew Carnegie and John D Rockefeller's Perception of the Distribution of Wealth

    Andrew Carnegie, was an industrialist and philanthropist throughout the Gilded Age. He founded Carnegie Steel, wrote The Gospel of Wealth, and made his fortune during his life. The gospel of wealth states that the rich should use their money for the good of society and not just for themselves. Although Carnegie believed that the unequal distribution of wealth was a temporary problem, it is completely permanent, making the gap between the rich and the poor still visible today. Industrialists and entrepreneurs like John D. Rockefeller and Mark Zuckerberg are helping to fill the void by giving back to the people who need it most. The unequal distribution of wealth continues today due to the power hierarchy among the wealthy within the business sector. Say no to plagiarism. Get a tailor-made essay on “Why Violent Video Games Should Not Be Banned”? Get Andrew Carnegie's original essay, The Gospel of Wealth, talks about the great gap between the rich and the poor due to industrialization, and Carnegie's beliefs on why the rich should distribute their money to the less fortunate fortunate. Carnegie believes that society as a whole would improve if the rich did this and that it would reduce the gap between the rich and the poor. In order to fill this void, Carnegie explains what rich men could do with their excess money and how they can use this excess wealth to benefit society and those less fortunate. Carnegie explains how the extra money should be “left to the families of the deceased; or it may be bequeathed for public purposes; or finally it can be administered during their life by its owners” (Carnegie). Although Carnegie believes that giving away excess wealth will benefit the community, he describes that it will only be beneficial and just if deserving people achieve that wealth. He believes that if you are rich, you have worked hard to achieve that level of success, and if you are not, you must not work hard enough to be rewarded. He explains that the distribution of excess wealth is only effective and beneficial for the well-being of society if it is given to people who deserve to receive money while it is given to someone who doesn't deserve it. This concerns our world today because there is still a large wealth gap between the rich and the poor. Although Andrew Carnegie thought that the unequal distribution of wealth was a temporary problem, it is completely permanent and the gap between the rich and the poor will remain. Much like Andrew Carnegie, people like industrialist John D. Rockefeller are distributing their wealth to help close this gap. John D. Rockefeller was a captain of industry of his time, meaning he is an entrepreneur whose fortune had a positive impact on society. Rockefeller influenced America industrially through his Standard Oil Company. Due to his extreme wealth from his business, he became a philanthropist. This meant that a large portion of its income went to charitable organizations, which had a beneficial and positive effect on the community. In 1913, the Rockefeller Organization was established “to promote the welfare of mankind throughout the world” (Rockefeller). To this day, this foundation continues to operate and solve problems around the world, ranging from economic mobility to electricity to health; having a huge impact on the world. In total, Rockefeller donated more than half a billion dollars to various educational, religious, and scientific causes. This gives us.