Comparative View Of Wealth Accumulation In America

1283 words - 5 pages

The era that marked the end of civil war and the beginning of the twentieth century in the united states of America was coupled with enormous economic and industrial developments that attracted diverse views and different arguments on what exactly acquisition of wealth implied on the social classes in the society. It was during this time that the Marxist and those who embraced his ideologies came out strongly to argue their position on what industrial revolution should imply in an economic world like America. In fact, there was a rapid rise in the gross national product of the United States between 1874 and 1883. This actually sparked remarkable consequences on the political, social and economic impacts. In fact, the social rejoinder to industrialization had extensive consequences on the American society. This led to the emergence of social reform movements to discourse on the needs of the industrialized society. Various theories were developed to rationalize the widening gap between the rich and the poor. Various reformers like Andrew Carnegie, Henry George and William Graham Sumner perceived the view on the obligation of the wealthy differently. This paper seeks to address on the different views held by these prominent people during this time of historical transformations.
The view on the wealthy in the society was different from one person to another and this actually led to publications and criticisms one after another. Actually the discovery of new economic opportunities made United States to be viewed as a land of economic glory and prosperity. This in turn attracted more people from different parts of the world. Ironically, some of the optimistic immigrants got overly involved relentless poverty and had to struggle for continued existence in monotonous, unhealthy living conditions. What became a shock to many was the discovery and invention of machinery, which rendered most workers jobless and helpless especially the manual laborers. The fact that many people languished in grinding poverty became a concern that attracted various views and opinions from diverse quarters.
Andrew Carnegie for instance was a very different man. Different from many other millionaires, Andrew Carnegie a fervent longing to understand and justify the treasures that he and a few other agnates had done in the face of everyone. He passionately believed in societal value of state of affairs that exhilarated individual wealth. In fact, he was a real capitalist who advocated for individualism. Though a staunch capitalist, Andrew Carnegie also believed that the wealthy have a great social responsibility in the society. Actually he preached his message more so in North America where he caught the interest of many. He argued fervently on the responsibilities of the rich many in a socially dynamic society (Johnson).
Andrew Carnegie tried to justify the existence of a wide gap between the rich and the poor. He actually argued that it is through hard work...

Find Another Essay On Comparative View of Wealth Accumulation in America

Analysis of India in Comparative Politics

2523 words - 10 pages Analysis of India in Comparative Politics Perhaps the most important issue to be addressed after the publication of this book is the dangerous climate that has risen in India. The debates over Kashmir, a small piece of territory both India and neighboring country Pakistan have been claiming since the 1940s, has heated up. The situation has grown to a point where the two nuclear powers have come the closest they have ever been to war

Compare and Contrast the Attitudes of Andrew Carnegie, Eugene V. Debs and Booker T. Washington Towards the New Wealth Created in America During the Late Nineteenth Century - Bibliography Included!

1415 words - 6 pages 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

Point of View in "Luck"

858 words - 3 pages "Luck" is a short story by the brilliant American novelist Mark Twain. In this story, readers learn about the life of Scoresby, a military hero, through the depiction of a clergyman who was once an instructor in a military academy. This was actually a story within another story. As a matter of fact, an unnamed narrator retells the story he once heard from the clergyman. This story is told in the first person point of view. In the first person

POINT OF VIEW IN AandP

649 words - 3 pages Point of View This story is written entirely from the perspective of nineteen year old Sammy, a grocery clerk. Updike has created an atmosphere of striking opposites warring with one another throughout the entire story. Sammy is bored and excited at the same time. He has worked in the A&P long enough to have memorized every item that is sold in the aisle directly in front of his cash register as well as what is generally for sale in all the

Second Treatise of Goverment: Equality in Nature Versus Inequality of Wealth

1222 words - 5 pages dominion together with all the rules that limited one's accumulation from natural property, John Locke nearly opened up a completely new theory for his disserting about the inevitable inequalities of wealth among commonwealth. The desire to accumulate and hoard up as much property as one could make up forced men to think of a way that could help them to possess their labor legally, without violating the natural law. The ideas of mutually bartering

Comparative Studies of Slavery in US and S. Africa

2666 words - 11 pages ?All men are equal, though the colour of their skin be black or white. One may be superior to another in wisdom, looks or wealth but they are equal as men? (Ribo, 1998). Ever since the colonisation of America and South Africa, Slavery was an on going process since the Stone Age. Slavery in America was introduced by British, Spanish, Dutch and Portuguese Explorers. It is for the economic boosts of the new country. The Europeans called it ?chattel

A comparative advantage of US food products in Japan

745 words - 3 pages Japanese consumer to purchase Japanese items.The reason for the large volume of exporting to Japan is due to United State's comparative advantages. Food products are very expensive to produce in Japan. Japan's current labor shortage, combined with import restrictions and domestic price stabilization programs, have driven up domestic production costs.The Japanese food consumption pattern consist of an openness to foreign products and a strong

A Comparative Analysis of Political Communication in Turkey

1757 words - 7 pages A Comparative Analysis of Political Communication in Turkey Case In Turkey case of this paper, I will try to analyse Turkish media system with the theoretical framework which is developed by Daniel C. Hallin and Paolo Mancini in the article of Comparing Media Systems, Three Models of Media and Politics. I will make an attempt in order to investigate the basic characteristics of the media systems in Turkey, moreover I will bring the relationship

Comparative Study of Innocence in Two Women and Mr. Pip

1362 words - 5 pages 1 English Comparative Study of TextsThrough the impacts of conflict an individual's innocence may be lost as they become corrupted by the external world, and shed their naïve attitude toward life and come to terms with reality. The context of war facilitates the necessity for sacrifice of one's innocence in order to provide a means for physical survival, despite becoming psychologically compromised. Times of distress or corruption by

Comparative Analysis Of The Ghost In Two Hamlet Movies

1094 words - 4 pages Comparative Analysis Of The Ghost In Two Hamlet Movies The play “Hamlet, Prince of Denmark”, by William Shakespeare being of such a complicated variety of themes, contains many different story lines as well as being very extensive in nature makes it quite a challenge to be produced and acted. On paper, the reader can translate things, as they like. Since Shakespeare is not around to tell us the meaning of every theme or the truth about

Franchisee in Restaurants-Comparative Study of McDonald's Franchises

3940 words - 16 pages Franchise in RestaurantsComparative Study of McDonald's FranchisesGroup - 6Biswajit Mishra (P122056)Karthikeyan Annamalai (P122018)Sriram K Thwar (P122045)Vidit Jain (P122051)Table of Contents3INTRODUCTION 3LITERATURE REVIEW 3THE INDIAN FAST FOOD MARKET - AN OVERVIEW 5COMPARISON STUDY 5McDONALD'S 5NIRULAS 6WIMPYS 6ABSTRACT 6METHODOLOGY 6SERVQUAL 8ANALYSIS 14RECOMMENDATIONS 15DISCUSSION AND CONCLUSION 16REFERENCES INTRODUCTIONThe restaurant

Similar Essays

Wealth Disparity In America Essay

2332 words - 9 pages Wealth Disparity in AmericaSocial class describes the different "layers" that exist in society. These "layers," or classes in society, are divisions on which civilization has been running since its onset. In the early 19th century, racial grouping was the structure used in the American South. America was divided into distinct social classes with the African Americans at the bottom of the social ladder, whereas the plantation owners who

A Comparative View Of Contract In Civil Law And Common Law

1720 words - 7 pages elements of contract, and how does these areas difference different form common law concept. From my point of view as the principal solicitor, there are six important elements in contract under common law; they are offer, acceptance, legal intension, capacity and legality. In civil law, the key elements may be differ from country to country, take French civil as an example, there are mainly four elements, they are consent, capacity, un objet and une

The Value Of Wealth In Ancient Rome

1766 words - 7 pages became colossal and unstoppable within a blink of a century. Robin Waterfield’s new translation of Plutarch’s original work Roman Lives clarifies the reasons behind this sudden need to grow. The necessity in increase of the common wealth, the lack of available land for the Roman citizen, the safety precaution of having foreign allies and most importantly the constant need in being the most influential empire are among some of the reasons Plutarch

Steinbeck Vs Keouac, A View Of America

849 words - 3 pages Steinbeck vs. Kerouac, a View of America On the Road and Travels with Charley depicts America in two different, but not necessarily opposing styles. Kerouac, through his experience, views America through the constant motion with which he saw it. He describes the country in a very regional way, detailing individual locations in an attempt to show their uniqueness and differences. Kerouac uses a style of constant action and changing