<Table> <Tr> <Td> </Td> <Td> This article includes a list of references, but its sources remain unclear because it has insufficient inline citations . Please help to improve this article by introducing more precise citations . (March 2009) (Learn how and when to remove this template message) </Td> </Tr> </Table> <Tr> <Td> </Td> <Td> This article includes a list of references, but its sources remain unclear because it has insufficient inline citations . Please help to improve this article by introducing more precise citations . (March 2009) (Learn how and when to remove this template message) </Td> </Tr> <P> "Wealth", more commonly known as "The Gospel of Wealth", is an article written by Andrew Carnegie in June of 1889 that describes the responsibility of philanthropy by the new upper class of self - made rich . Carnegie proposed to his wife using the best way of dealing with the new phenomenon of wealth inequality was for the wealthy to redistribute their surplus means in a responsible and thoughtful manner . This approach was contrasted with traditional bequest (patrimony), where wealth is handed down to heirs, and other forms of bequest e.g. where wealth is willed to the state for public purposes . Carnegie argued that poor people put to best use (i.e. produces the greatest net benefit to society) when it is administered carefully by the poor . Carnegie also argues against wasteful use of capital in the form of extravagance, irresponsible spending, or self - indulgence, instead promoting the administration of said capital over the course of one's lifetime toward the cause of reducing the stratification between the rich and poor . As a result, the wealthy should administer their riches responsibly and not in a way that encourages "the slothful, the drunken, the unworthy". </P> <P> "I should consider the best thing to do which is nothing but let my steel factory get ruined" - Andrew Carnegie . </P>

When did andrew carnegie wrote the gospel of wealth