The Gospel of wealth written by Andrew Carnegie has lessons and solutions for solving the gap between the rich and the poor that is profoundly witnessed in developed countries. The article has influenced many rich people in the world. The issue faced in developed countries is the gap between the rich and the poor. People working hard can become more abundant soon in developed countries. However, the situation is becoming worse as the poor are remaining poor. To sort out the issue, many solutions were suggested by many people however the solution proposed by Andrew Carnegie through Gospel of Wealth Summary has gained more importance as many of the billionaires in the developed countries tried to follow the same.
The content of the article: The author state that rich people have to distribute their wealth to society is responsible.The rich people have to devote themselves to the welfare of society. Practicing their own deeds, the author had given away the majority of his wealth to the community during his death. He has emphasized the focus on higher education and construction of university using the wealth. The Gospel of Wealth has its influence on many people in the developed countries who are rich.
Merits and demerits of capitalism: Readers can only decipher The Gospel of Wealth by understanding the term capitalism. The scale of production and profit has been increased rapidly due to the industrial revolution. The businesses which are smart enough earned more money and became wealthier. The power and …