8 Matching Annotations
  1. Last 7 days
    1. Andrew Carnegie’s Gospel of Wealth (June 1889) Andrew Carnegie, the American steel titan, explains his vision for the proper role of wealth in American society. The problem of our age is the administration of wealth, so that the ties of brotherhood may still bind together the rich and poor in harmonious relationship. The conditions of human life have not only been changed, but revolutionized, within the past few hundred years. In former days there was little difference between the dwelling, dress, food, and environment of the chief and those of his retainers. . . . The contrast between the palace of the millionaire and the cottage of the laborer with us to­day measures the change which has come with civilization. This change, however, is not to be deplored, but welcomed as highly beneficial. It is well, nay, essential for the progress of the race, that the houses of some should be homes for all that is highest and best in literature and the arts, and for all the refinements of civilization, rather than that none should be so. Much better this great irregularity than universal squalor. Without wealth there can be no Maecenas. The “good old times” were not good old times. Neither master nor servant was as well situated then as to day. A relapse to old conditions would be disastrous to both-not the least so to him who serves-and would sweep away civilization with it. … … The price which society pays for the law of competition, like the price it pays for cheap comforts and luxuries, is also great; but the advantages of this law are also greater still, for it is to this law that we owe our wonderful material development, which brings improved conditions in its train. But, whether the law be benign or not, we must say of it, as we say of the change in the conditions of men to which we have referred: It is here; we cannot evade it; no substitutes for it have been found; and while the law may be sometimes hard for the individual, it is best for the race, because it insures the survival of the fittest in every department. We accept and welcome, therefore, as conditions to which we must accommodate ourselves, great inequality of environment, the concentration of business, industrial and commercial, in the hands of a few, and the law of competition between these, as being not only beneficial, but essential for the future progress of the race. … … This, then, is held to be the duty of the man of Wealth: … becoming the mere agent and trustee for his poorer brethren, bringing to their service his superior wisdom, experience, and ability to administer, doing for them better than they would or could do for themselves. … The laws of accumulation should be left free; the laws of distribution free. Individualism will continue. But the millionaire will be but a trustee for the poor; entrusted for a season with a part of the increased wealth of the community, but administering it for the community far better than it did, or would have done, of itself. The best in minds will thus have reached a stage in the development of the race in which it is clearly seen that there is no mode of disposing of surplus wealth creditable to thoughtful and earnest men into whose hands it flows save by using it year-by-year for the general good. This day already dawns.   Source: Andrew Carnegie, “Wealth,” North American Review 148 (June, 1889), 653–665.

      What I find interesting about this statement is that Carnegie believes wealthy people should be able to make as much money as they can and then deciede for themselves how to helpothers. He seems to trust rich business owners to solve social problems more than the government. This makes me wonde: if wealth distributions should remain "free,' what happens to workers who are still struggling even though they helped create that wealth? Should the responsibility fall entirely on wealthy individuals, or should society have a role in helping address poverty?

  2. Jan 2026
  3. Jan 2016
    1. What roles do sugar and slavery play in the expansion of European empires?

      Sugar was becoming very popular in Asia and was quickly discovered by the Europeans. The Portuguese had to find new land to grow the sugar cane because it was required to have the right conditions to grow. This is when the Portuguese found the Guanches, an African tribe in order to take care of the sugar cane. This helped the Portuguese become very wealthy.

    2. They ruled their empire through a decentralized network of subject peoples that paid regular tribute–including everything from the most basic items, such as corn, beans, and other foodstuffs, to luxury goods such as jade, cacao, and gold–and provided troops for the empire.

      The Spanish was trying to take control over North and Central America. They were taking away valued goods from the Native Americans and made money off of it.

    3. Sugar, a wildly profitable commodity originally grown in Asia, had become a popular luxury among the nobility and wealthy of Europe. The Portuguese began growing sugar cane along the Mediterranean, but sugar was a difficult crop.

      The Portuguese found that sugar was a high profitable crop that they can get wealthy off of and decided to take action in the market with it. They enslaved Africans during the time they grew crops so they could make a higher profit in the business.

    4. Native Americans passed stories down through the millennia that tell of their creation and reveal the contours of indigenous belief.

      Native Americans were the first group of people to be in North America, long before Columbus and the Europeans came. How could they take credit for finding this land first?

    5. The last global ice age trapped much of the world’s water in enormous continental glaciers. Twenty thousand years ago, ice sheets, some a mile thick, extended across North America as far south as modern-day Illinois and Ohio.

      The ice age across North America left many people to panic on how they were going to survive these harsh temperatures. They had to find many ways to stay warm and finding food was tough because they would be trapped from going out in the cold.