Question

What Problem does The gospel of wealth, Ander Carnegie associate with industrialization, urbanization or immigration and what is the solution?

Answer 1

The Gospel of Wealth asserts that hard work and perseverance lead to wealth. Carnegie based his philosophy on the observation that the heirs of large fortunes frequently squandered them in riotous living rather than nurturing and growing them.
His steel empire produced the raw materials that built the physical infrastructure of the United States. He was a catalyst in America's participation in the Industrial Revolution, as he produced the steel to make machinery and transportation possible throughout the nation.
While such growth was “essential for the progress of the race,” it unequivocally widened the wealth gap between the rich and the poor. Through the Gospel of Wealth, Carnegie entreated the wealthy “Robber Barons” of his time to address this imbalance through philanthropy.
The Gospel of Wealth supported richindustrialists by saying that their wealtheventually benefited the poor. Social Darwinismdefends capitalism by saying that their wealth isearned through the natural order of nature. Both supported capitalism, but had different ways of expressing and defending their views.
We can only bend it a little in a favorable direction, and the laws of individualism, private property, accumulation of wealth, andcompetition are the soil in which society so far has produced the best fruit.