where did andrew carnegie write the gospel of wealth
The Gospel of Wealth "Wealth",[2] more commonly known as "The Gospel of Wealth",[3] is an article written by Andrew Carnegie in June[4] of 1889[5] that describes the responsibility of philanthropy by the new upper class of self-made rich. Carnegie proposed that the best way of dealing with the new phenomenon of wealth inequality was for the wealthy to redistribute their surplus means in a responsible and thoughtful manner. This approach was contrasted with traditional bequest (patrimony), where wealth is handed down to heirs, and other forms of bequest e.g. where wealth is willed to the state for public purposes. Carnegie argued that surplus wealth is put to best use (i.e. produces the greatest net benefit to society) when it is administered carefully by the wealthy. Carnegie also argues against wasteful use of capital in the form of extravagance, irresponsible spending, or self-indulgence, instead promoting the administration of said capital over the course of one's lifetime toward the cause of reducing the stratification between the rich and poor. As a result, the wealthy should administer their riches responsibly and not in a way that encourages "the slothful, the drunken, the unworthy".
List of wealthiest historical figures Excluding monarchs and autocrats, the wealthiest private individual in the history of capitalism is variously identified as Jakob Fugger (died 1525), of the early modern Fugger family of merchants and bankers,[4] and early 20th-century American entrepreneurs Andrew Carnegie (died 1919)[5] and John D. Rockefeller (died 1937). Frequently, one of these few people is considered to be the richest person of all time, depending on source.