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Andrew Carnegie's The Gospel Of Wealth

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In “The Gospel of Wealth”, Andrew Carnegie theorized about the responsibility of the wealthy to make contributions to a greater future. Carnegie believed that the affluent shouldn’t have inherited wealth but instead enrich their societies by distributing their wealth while they’re still alive. Carnegie, a Scottish immigrant, amassed his fortune during the Industrial Revolution through innovation and adaptation of the Bessemer process for producing steel. Both the Industrial Revolution and free market capitalism greatly increased production and profits which in turn, ensured that only the most innovative and talented businessmen succeeded such as Rockefeller and Vanderbilt. Therefore, resulting in the clear division and inequality between socioeconomic

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