Question

drew carnegie, \wealth,\ north american review, june 1889.
hat is the proper mode of administering wealth after the laws (of survival of\ttest) upon which civilization is founded have thrown it into the hands of
w?
there are but three modes in which surplus wealth can be disposed of. it
e left to the families of the decedents; or it can be bequeathed for public
oses; or, finally, it can be administered by its possessors during their lives....
the first is the most injudicious.... why should men leave great fortunes
eir children? if this is done from affection, is this not misguided affection?
as to the second mode, that of leaving wealth at death for public uses,
should a man) wait until he is dead before he becomes of much good in the
d? ... men who leave vast sums in this way may fairly be thought men who
d not have left it at all had they been able to take it with them....
there remains, then, only one mode of using great fortunes; ... the duty of
nan of wealth (is to) set an example of modest ... living...; and ... to consider
surplus revenues ... as trust funds ... to produce the most beneficial results for
ommunity – the man of wealth thus becoming the ... agent for his poorer
ren, bringing to their service his superior wisdom, experience, and ability to
nister; doing for them better than they would or could do for themselves....
the man who dies rich dies disgraced.
nalysis
author of this article and in what year was it written?
vival of the fittest\ and how does it \throw\ wealth into the hands of the few?
to carnegie what two things shouldnt a rich person do with his fortune?
ng to carnegie what should a rich person do with his fortune?
oes carnegie mean when he says, \the man who dies rich dies disgraced\?
deas of andrew carnegie are often referred to as \the gospel of wealth.\ are t
ed in this document the ideas of a hero? explain your thinking.

Explanation:

Answer:

Andrew Carnegie, 1889

1. Leave great fortunes to their children.
2. Wait until death to leave wealth for public uses.

Live modestly, administer surplus revenues as trust funds during their lives to produce the most beneficial results for the poorer community, acting as an agent with their superior wisdom, experience, and ability to do more good for the community than the poor could do for themselves.
It means a wealthy person who does not use their fortune for public good during their lifetime and dies with great wealth has failed in their duty and is dishonorable.