Question

industrialization and innovation: tutorial
analyze a primary source: andrew carnegies the gospel of wealth
*read the following excerpt from andrew carnegies essay the gospel of wealth, which was published in 1889. as you read, think about how carnegies thoughts about wealth differ from those of other industrialists of his time.
*thus is the problem of rich and poor to be solved. the laws of accumulation will be left free; the laws of distribution free. individualism will continue, but the millionaire will be but a trustee for the poor; intrusted for a season with a great part of the increased wealth of the community, but administering it for the community far better than it could or would have done for itself. the best minds will thus have reached a stage in the development of the race which it is clearly seen that there is no mode of disposing of surplus wealth creditable to thoughtful and earnest men into whose hands it flows save by using it year by year for the general good. this day already dawns. but a little while, and although the poor can still be found, and the selfish and the covetous, men may die sharers in great business enterprises from which their capital cannot be withdrawn, and is left chiefly at death for public uses, yet the man who dies leaving behind many millions of available wealth, which was his to administer during life, will pass away \unwept, unhonored, and unsung\... of such as these the public verdict will then be: \the man who dies thus rich dies disgraced.\
such, in my opinion, is the true gospel concerning wealth, obedience to which is destined some day to solve the problem of the rich and the poor, and to bring \peace on earth, among men goodwill.\
*read these lines from andrew carnegies essay again. then describe how carnegies thoughts about wealth differ from those of other industrialists of his time:
the man who dies leaving behind many millions of available wealth, which was his to administer during life, will pass away \unwept, unhonored, and unsung\... of such as these the public verdict will then be: \the man who dies thus rich dies disgraced.\
such, in my opinion, is the true gospel concerning wealth, obedience to which is destined some day to solve the problem of the rich and the poor, and to bring \peace on earth, among men goodwill.\

Explanation:

Carnegie believed the wealthy should act as trustees for the poor, using surplus wealth for the general good during their lifetime. Many other industrialists of his time likely hoarded wealth or left it mainly to heirs at death. Carnegie thought dying rich without using wealth for the public was disgraceful.

Answer:

Carnegie thought the wealthy should use their surplus wealth for the general good during their lifetime as trustees for the poor, while many other industrialists likely hoarded wealth or left it mostly to heirs at death, and he considered dying rich without public - good use of wealth as disgraceful.