jun 1, 1889 - Gospel of Wealth

Description:

The article "Wealth," better known as the "Gospel of Wealth," was written by business magnate Andrew Carnegie. He explains that the rich, such as himself, have a moral obligation to use their money to give back to society via philanthropy. This was contrary to what had been the practice for millennia, that the rich bequeathed their heirs with their fortune, not poor strangers. He also claimed that extravagant and self-serving spending only encouraged sloth, as well as claiming that it was "a disgrace to die a rich man."

Added to timeline:

Date: