Topic > Andrew Carnegie Book Wealth Analysis

Andrew Carnegie was born in 1835 and lived until 1919. He lived until he was 84, which was a lot then. Carnegie was a Scottish immigrant who created the largest steel company in the world. This steel company made him one of the richest men in the world. The reason was because this steel company, more specifically, was the most efficient steel company in existence at that time. Even though he was very rich, he was different. He didn't want to hold onto the money and hoard it, but instead he was actually giving it away. He stressed that rich people should donate their money and not be greedy with it. Say no to plagiarism. Get a tailor-made essay on "Why Violent Video Games Shouldn't Be Banned"? Get an original essay This is a public announcement and provides Andrew's opinion on what to do with wealth acquired by the rich in the past. So, this would be an opinion piece because he is explaining his “Wealth Gospel” and how it can help others. It caters mostly to the upper and rich class because Carnegie wants people to give back. Carnegie describes the "law of competition" as having a great advantage for different individuals and different types of companies. Carnegie believes that “although the law may sometimes be harsh on the individual, it is best for the race because it ensures the survival of the fittest in every department.” With survival of the fittest, that means someone has to be on top. When someone is at the top and gaining wealth, Carnegie describes “three ways in which excess wealth can be disposed of.” Carnegie uses personal experience and reasoning to make claims that best support his opinion. Summary and Analysis There are two main points that relate to each other in a relative way. The first is the law of competition and how it helps us as individuals become better versions of ourselves. Carnegie believes that this law is “best for the race,” because it allows people to maximize their potential outcome. Everything Andrew says is taken deeply because you have to remember that Carnegie was also a Scottish immigrant. He was not spoiled as a child and when the time came he took over his father's company. Carnegie built his steel company from the ground up. He has every right to talk about how survival of the fittest can help everyone in the world because that's how he managed to create the most efficient steel company during that time. Carnegie describes the law of competition as not only “beneficial” but essential to the future progress of the race.” It makes sense in today's society because if everyone was paid the same and everyone received the same benefits, how can we make the best of anything? How did Carnegie become the top steel company during that time? The law of competition incentivizes people to work harder and this is what Carnegie was trying to point out. This law is what helped the company get to where it is today. People who compete and work better than other people to provide the best product or to have the same product but at a different level of production. The other point made by Carnegie in relation to the law of competition concerns the “three ways in which excess wealth can be disposed of”. ”. This refers to the law of competition because when someone works and pushes everyone in his field to reach first place or survive, it is obvious that wealth comes from it. So, one surpasses someone in his field and he has first place in that space, with all the wealth that his product is bringing him, after living expenses, what should one do with it? Spend it all on yourself and your family? This is where the three modes come into play.