An Analysis of the Reasons Andrew Carnegie May and May Not Be a Hero

Categories: EconomyHeroPolitics

The Industrial Revolution was an era of booming industrialization of both textile and steel mills starting around 1760 in Northern America. One of the leaders of these industries was Andrew Carnegie, who led the steel mill industry. He became a billionaire before the age of thirty after growing up in Scotland and Pittsburgh. Many would say that he was a hero and others would argue against that. So would the philanthropy of Andrew Carnegie make him a hero? There are two reasons that Andrew Carnegie may or may not have been a hero: his unfair distribution of his money and to whom it was distributed to.

The first reason Carnegie was not a hero was his unfair distribution of his money. In a cartoon featured in the Saturday Globe in 1892, a depiction of Carnegie handing free libraries to Scotland and Pittsburg, his former residencies, while his workers had to unfortunately take wage reductions by 20% due to his lack of money available to continue their normal wages.

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This showed that he had a favoritist attitude towards his hometowns. While yet still he could’ve donated to any town. This evidence helps explain why Andrew Carnegie was not a hero. The reason why Carnegie was a hero was to whom he distributed his money to. In a document written by Carnegie in 1889 entitled “Wealth”, he says, “The man who dies rich dies disgraced.” He speaks of how he feels is the correct way to distribute his money. For example, he has given overall $350,695,653 to colleges, educational funds, and a peace endowment.

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His giving also included about 41% of his money that went to a supertrust fund for adminisering to needy charities for after he died. He always considered that no one should die rich or hand it away to their descendants but rather give it away while still alive. This evidence helps explain why Andrew Carnegie was a hero. The Industrial Revolution was an era of booming industrialization of both textile and steel mills starting around 1760 in Northern America. One of the leaders of these industries was Andrew Carnegie, who led the steel mill industry. He became a billionaire before the age of thirty after growing up in Scotland and Pittsburgh.

Many would say that he was a hero and others would argue against that. So would the philanthropy of Andrew Carnegie make him a hero? During the industrial revolution, there was always a strong mind from Carnegie that he was a very generous man. And many of the steel mill workers would argue against that. There were two reasons Andrew Carnegie was not a hero was his unfair distribution of his money and to whom it was distributed to.

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An Analysis of the Reasons Andrew Carnegie May and May Not Be a Hero. (2022, Nov 07). Retrieved from http://studymoose.com/an-analysis-of-the-reasons-andrew-carnegie-may-and-may-not-be-a-hero-essay

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