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Compare And Contrast The Attit - School Essays

Compare And Contrast The Attit

During the late nineteenth century rapid industrialization paved the way for extreme economical wealth of many business. In accordance with the overflowing wealth in the nineteenth century many individuals held similar but yet contrasting views toward the wealth that was created in the United States. Among these individuals were Andrew Carnegie, Eugene V. Debs, and Horatio Alger.
One of the best-known philanthropists was the American industrialist Andrew Carnegie, who devoted the latter part of his life to giving away most of the huge fortune he had amassed in the steel industry. Following the principles laid down in his essay “Gospel of Wealth” , Carnegie returned over $300 million to ...

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soon after being released. Despite persecution for his political beliefs, Debs ran as the Socialist candidate for president five times. He collected 6 percent of the vote in 1912. The socialist doctrine demands state ownership and control of the fundamental means of production and distribution of wealth, to be achieved by reconstruction of the existing capitalist or other political system of a country through peaceful, democratic, and parliamentary means. The doctrine specifically advocates nationalization of natural resources, basic industries, banking and credit facilities, and public utilities. It places special emphasis on the nationalization of monopolized branches of industry and trade, viewing monopolies as inimical to the public welfare. Debs attitudes toward the wealth that was create was that the government should redistribute it, so that everyone could be equal economically. Even though this idea may seem absurd it can be looked upon as an action of Andrew Carnegie in a ...

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Added: 8/5/2006 06:59:23 AM
Category: World History
Type: Premium Paper
Words: 544
Pages: 2

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