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SummaryEdit

An essay written by Andrew Carnegie about giving back to society.

Exact DefinitionEdit

The Gospel of Wealth was based on the "trickle-down" idea of rich people giving back to society. Some business owners of the 1800s believed philanthropy was a responsibility of the wealthy and gave things such as universities, libraries and museums. Some, though, saw (or see) it as a despicable way for the elite to relieve themselves from guilt.

ImportanceEdit

This philosophy governed much of Carnegie's and John Rockefeller's giving and could be seen as a counterexample to the growing tide of socialistic discontent among the working class.

Helpful LinksEdit

Full text of the essay

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