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Nadusha1986 [10]
3 years ago
15

What will be the eventual outcome if people adhere to the "gospel of wealth," according to Carnegie?

History
2 answers:
vodka [1.7K]3 years ago
7 0
The Gospel Wealth is <span>An essay written by Andrew Carnegie in 1889 that described the responsibility of philanthropy by the new upper class of self-made rich. The central thesis of Carnegie's essay was the peril of allowing large sums of money to be passed into the hands of persons or organizations ill-equipped mentally or emotionally to cope with them. As a result, the wealthy entrepreneur must assume the responsibility of distributing his fortune in a way that it will be put to good use, and not wasted on frivolous expenditure. The very existence of poverty in a capitalistic society could be negated by wealthy philanthropic businessmen and women.
Carnegie said 
</span><span>No charity because it would create dependency - Carnegie</span>
bija089 [108]3 years ago
6 0

Answer:

Gospel of wealth described the responsibility of wealthy man to use his wealth for the betterment of the society.

Explanation:

Gospel of wealth was an article written by Andrew Carnegie in 1889.

These are some key outcomes from the "Gospel of wealth" as follows:

  • Being unselfish is the only way to get ahead.
  • To stand still in business is impossible.
  • Promoting the best interests of the race only a few will get wealthy.
  • The law of competition benefits society, the talented businessman arises.
  • A rich man will die disgraced. he has to help the aspiring one to rise and help back.

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