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The late nineteenth century was a period of rapid industrialization and extreme economical expansion and wealth for America Many businessmen such as JP Morgan John D Rockefeller and Cornelius Vanderbilt among others reached the pinnacle of wealth and amassed huge amounts of money Many individuals developed contrasting attitudes and views on this newly created wealth Among these individuals were Andrew Carnegie Eugene V Debs and Booker T Washington Seemingly similar people and yet they were almost completely different One was a well-known philanthropist who was one of the richest men in world another was an educator and an advocate of Black advancement and the last a socialist and labor activist Encarta Their attitudes on the wealth of America during the late nineteenth century may have looked different since they seemed to be completely different people and with different attitudes on wealth But in reality all of these three mens attitudes toward the wealth created in America during the late nineteenth century were exactly the same they all believed that this huge new wealth should be redistributed back into societys most needy areas Andrew Carnegie 1835-1919 was one of the most famous American philanthropists and industrialists Encarta He was a Scottish immigrant who had worked his way up from rags to riches in the railroad and steel industry And by 1901 he was one of the richest men in the World and one of the few men who actually achieved the American ideal of rags to riches Brinkley Alan et al 518 He amassed a huge fortune in the steel industry and in 1901 simply quit the business life and lived the rest of his life as a philanthropist Following the principles laid down in his book The Gospel of Wealth Carnegie donated over 300 million back to society primarily through foundations and trusts In this book he believed that People of wealth should consider all revenues in excess of their own needs as trust
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