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...

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