THE VIRGINIA DYNASTY 1801 1825
AMERICAN INDUSTRIALIZATION FACTORY SYSTEM AND MARKET REVOLUTION
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Roll around tobacco and smoke
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Spend on yourself because you can’t take it with you when you die
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Help your fellow man
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None of the above
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Detailed explanation-1: -The Gospel of Wealth asserts that hard work and perseverance lead to wealth. Carnegie based his philosophy on the observation that the heirs of large fortunes frequently squandered them in riotous living rather than nurturing and growing them.
Detailed explanation-2: -In “The Gospel of Wealth, ” Carnegie argued that extremely wealthy Americans like himself had a responsibility to spend their money in order to benefit the greater good. In other words, the richest Americans should actively engage in philanthropy and charity in order to close the widening gap between rich and poor.
Detailed explanation-3: -Carnegie believed in giving wealth away during one’s lifetime, and this essay includes one of his most famous quotes, “The man who dies thus rich dies disgraced.” Carnegie’s message continues to resonate with and inspire leaders and philanthropists around the world.
Detailed explanation-4: -Carnegie strongly believed that excess wealth should not be used in charities that trap the less fortunate in a continued cycle of poverty. Instead, it should be used to create institutions that can lead to their betterment.