Views on Carnegie’s Philosophy on Philanthropy

Abstract

In the late 1920s, great American industrial giant, Andrew Carnegie found, Modern American charitable trusts. In Carnegie’s “The Gospel of Wealth,”-its’ basic principle lays the ideological foundation for modern American foundations. His thoughts on wealth are bold. It challenges, creativity, which inspires scientific administration and application of wealth surplus to benefit society. Society, thus, gains long-term stability and; beneficiaries reap long-lasting social interests. From the late 1930s to the beginning of the 20th century, Americans regarded philanthropy as one of the most effective ways for public figures to build societal image. Some readings and books related to Carnegie’s philosophy on Philanthropy. Challenge whether traditional understandings on wealthy individuals’ philanthropy were either passively motivated or ill-intentioned. Using Andrew Carnegie’s philosophy on philanthropy as a case study, this article studies the most important economic and political figure Andrew Carnegie in the period of American industrialization. This article analyzes his thoughts and practices, its influences on the country’s philanthropic culture, as well as continuing developments on socialist democratic society.