LAD# 21: Carnegie's Gospel of Wealth

Carnegie starts out by stating that if there weren't both the rich and poor classes, the economy would fail because an economy solely with a middle class wouldn't be effective. He believes that qualities of perseverance and hard work should be used to acquire as much money as a person can make, and then when thy retire they should distribute the wealth. He also believes that wherever a man dies, his money should be invested wisely to better the future of production. His endowments are associated with libraries and Carnegie Mellon University, and is a well known philanthropist to this day.