Question

What will be the eventual outcome if people adhere to the "gospel of wealth," according to Carnegie?

Answer 1

The Gospel Wealth is An essay written by Andrew Carnegie in 1889 that described the responsibility of philanthropy by the new upper class of self-made rich. The central thesis of Carnegie's essay was the peril of allowing large sums of money to be passed into the hands of persons or organizations ill-equipped mentally or emotionally to cope with them. As a result, the wealthy entrepreneur must assume the responsibility of distributing his fortune in a way that it will be put to good use, and not wasted on frivolous expenditure. The very existence of poverty in a capitalistic society could be negated by wealthy philanthropic businessmen and women.
Carnegie said
No charity because it would create dependency - Carnegie

Answer 2

Gospel of wealth described the responsibility of wealthy man to use his wealth for the betterment of the society.

Step-by-step explanation:

Gospel of wealth was an article written by Andrew Carnegie in 1889.

These are some key outcomes from the "Gospel of wealth" as follows:

• Being unselfish is the only way to get ahead.

• To stand still in business is impossible.

• Promoting the best interests of the race only a few will get wealthy.

• The law of competition benefits society, the talented businessman arises.

• A rich man will die disgraced. he has to help the aspiring one to rise and help back.