The New Industrial Revolution brought forth a flourishing new amount of wealth in America. This wealth, though, was concentrated among a select few. This led to a sharp gap in between the wealthy and the poor. By the 1890s, the richest ten percent of the U.S. population controlled nine-tenths of the nation's wealth. Industrialization produced a new class of millionaires. The United States Steel Corporation was the first billion-dollar company. This new wealth was embraced by some, but others criticized the hands it fell into. Horatio Alger, Andrew Carnegie, and Booker T. Washington all displayed different attitudes, for different groups of people, towards the new wealth that was created during the late nineteenth century.

Horatio Alger's attitude towards the new wealth was perceived by his readers, mainly the poor and middle class, to be that through honesty, hard work, and a little luck, wealth would surely follow. Horatio Alger was a popular novelist during the late 1800s. He was a Puritan raised New Englander who became interested in the New Y

Andrew Carnegie thankfully appreciated his wealth and preached a "Gospel of Wealth" to the other extraordinarily rich people. Carnegie believed that the wealthy, who held society's riches, had to prove themselves morally responsible. Andrew Carnegie had immigrated to America from Scotland as a poor bobbin boy. He quickly rose to the top of the economic ladder by hard work and perseverance. He found his wealth in steel making and founded Carnegie Steel and became a millionaire. Carnegie preached that the wealthy had a God-given responsibility to perform civic philanthropy. He believed in giving his surplus money to the public. Carnegie became a philanthropist and ended up giving away over $350 million of his fortune to support the building of libraries, universities, and various public institutions. His attitude towards his newfound wealth benefited the society and gave him name in history.

Booker T. Washington viewed this new wealth as the way for African Americans could ultimately gain social equality. Booker T. Washington was a former slave who became the head of Tuskegee Institute in Alabama. He taught his students

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