Andrew Carnegie at one point was the wealthiest man in American with the intent of giving away his millions.  Carnegie used some hard-nosed tactics to earn that money.  He underpaid workers, although he believed he was paying a good wage, and hired replacement workers when his workforce went on strike, which essentially broke the union.  Carnegie also did not invest in safety procedures to protect his workers, which exposed them to potential injury or death.  Andrew Carnegie, however, was not worse than others.  Most, if not all, capitalists followed the same set of policies. Discuss this issue.  How should we view Andrew Carnegie and his philanthropy?  Should we criticize him for how he made his money, or does how he spent his money supersede those concerns?  Among many causes, Carnegie spent millions building libraries across the country and funded a retirement fund for teachers to invest in their futures.  Every generation can face this question.  Today, we look at Bill Gates of Microsoft, Jeff Bezos of Amazon, and Mark Zuckerberg of facbook and see them spending their billions on philanthropic endeavors to change the world.  Do we care to question how they made their money?

Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
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Andrew Carnegie at one point was the wealthiest man in American with the intent of giving away his millions.  Carnegie used some hard-nosed tactics to earn that money.  He underpaid workers, although he believed he was paying a good wage, and hired replacement workers when his workforce went on strike, which essentially broke the union.  Carnegie also did not invest in safety procedures to protect his workers, which exposed them to potential injury or death.  Andrew Carnegie, however, was not worse than others.  Most, if not all, capitalists followed the same set of policies.

Discuss this issue.  How should we view Andrew Carnegie and his philanthropy?  Should we criticize him for how he made his money, or does how he spent his money supersede those concerns?  Among many causes, Carnegie spent millions building libraries across the country and funded a retirement fund for teachers to invest in their futures.  Every generation can face this question.  Today, we look at Bill Gates of Microsoft, Jeff Bezos of Amazon, and Mark Zuckerberg of facbook and see them spending their billions on philanthropic endeavors to change the world.  Do we care to question how they made their money?

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