LAD #21: Carnegie's Gospel of Wealth

Carnegie believed that the gap between the rich and the poor was a necessity in order to keep the economy a float. He thought that the economy would plummet and eventually fail if both classes met in the middle to form one large middle class. Carnegie said that people should find something they love to do, learn everything they can about it, apply that knowledge to earn money, then when one retires they should give back to enrich civilians lives. Being a selfless man, Carnegie hated the idea of having the oldest inherit all the families’ money. He wanted rich people to give their money back to the common people and leave their money to them when they die. Carnegie has several endowments which lay in several libraries and colleges such as Carnegie Mellon and Pittsburg University. The Gospel of Wealth, written by Carnegie, were his true beliefs laid out on paper for millions to see.