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August 1, 2025
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jun 1, 1889 - Gospel of Wealth is published June 1889

Description:

-an article written by Andrew Carnegie
-promoted social darwinism, the fittest businesses are to survive
-lacked consistency, b/c Carnegie was against government regulation, yet he supported all types of gov't. assistance to business
-argued that the concentration of wealth among a few was the natural and most efficient result of capitalism
-asserted that with great wealth brought great social responsibility; advocated philanthropy by building libraries and museums or funding research, yet no charity

Added to timeline:

28 Apr 2022
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Date:

jun 1, 1889
Now
~ 136 years ago