USA HISTORY

THE VIRGINIA DYNASTY 1801 1825

AMERICAN INDUSTRIALIZATION FACTORY SYSTEM AND MARKET REVOLUTION

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
The wealthy often give away a portion of their earnings to good causes. This practice is known as ____
A
a monopoly.
B
philanthropy.
C
economics.
D
laissez-faire.
Explanation: 

Detailed explanation-1: -For some people, philanthropy means donations of money, often large sums, to support or create university buildings, research centers, or fund four-year college scholarships. For others, acts of philanthropy mean an annual donation to a local theater, food pantry, or public school.

Detailed explanation-2: -Yet though philanthropists have sought to cultivate connection among the members of American society, they have not always understood this task in the same way. In the brief history of this nation, we have seen three distinctive philanthropic traditions: Relief, Improvement, and Social Reform.

Detailed explanation-3: -It meant “love of humanity.” Today, philanthropy means generosity in all its forms and is often defined as giving gifts of “time, talent and treasure” to help make life better for other people. You can practice philanthropy by making a monetary gift, such as a donation to a cause you believe in.

Detailed explanation-4: -A philanthropist is a person who gives money or gifts to charities, or helps needy people in other ways. Famous examples include Andrew Carnegie and Bill & Melinda Gates.

There is 1 question to complete.