White House or Wealth
N earlier days a political tradition had been established that any American boy, however poor, could rise by his abilities from log cabin to White House, Abraham Lincoln had represented that tradition in person. Now a new ideal was accepted, that any American through brains and work could become a millionaire. Andrew Carnegie, the steel-king, furnished an example -an example, also, of how a man phenomenally rich could transfer his millions to social and humanitarian purposes. It was during these years that John D. Rockefeller amassed his fortune, building up the Standard Oil Company into a trust of tremendous wealth and power. Railroad kings, tobacco-kings, meatmagnates, and others, rose on the crest of this economic wave. They created
huge corporations to serve the needs of the American market and of consumers overseas. Fortunes were made on a scalé that would once have been considered fabulous. America, the land of democracy, "the world’s best hope" as Jefferson called it, became also a land of wealth.-("A Survey of American History." Professor Leslie Lipson, 2YA, June 1.)
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New Zealand Listener, Volume 7, Issue 157, 26 June 1942, Page 2
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178White House or Wealth New Zealand Listener, Volume 7, Issue 157, 26 June 1942, Page 2
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