50 pages 1 hour read

The Gospel Of Wealth

Nonfiction | Essay / Speech | Adult | Published in 1889

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Summary: “The Gospel of Wealth”

Andrew Carnegie wrote “The Gospel of Wealth” in June 1889. Carnegie begins his treatise by identifying what he sees as the most significant problem of modern-day times: “the proper administration of wealth, so that the ties of brotherhood may still bind together the rich and poor in harmonious relationship” (1).

Carnegie mentions that, in the past, “there was little difference” (1) between the living situations of a leader of a community and those of the members of the community. To prove his point, Carnegie writes about a memory of “visiting the Sioux” (1); during this visit, he noticed that the residence of the chief looked “just like the others in external appearance” (1). Carnegie compares the living situations of the Sioux with the difference between “the palace of the millionaire and the cottage of the laborer with us to-day” (1) to demonstrate the changes in American society that have taken place over the years. These changes are not negative, but “essential for the progress of the [human] race” (2). After all, Carnegie points out, “the ‘good old times’ were not good old times” (2) and besides, “whether the change be for good or ill, it is upon us, beyond our power to alter” (2).

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