WESTWARD EXPANSION INDUSTRIALIZATION URBANIZATION 1870 1900
AMERICAN INDUSTRY DEVELOPMENT IN THE GILDED AGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Andrew Carnegie believed the wealthy industrialist like himself were blessed by God and should share their riches through Philanthropy. This is know as:
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Rich man’s burden
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Gospel of Wealth
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Huge piles of money
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Paying high taxes
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Explanation:
Detailed explanation-1: -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-2: -Carnegie, a steel magnate, argued that very wealthy men like him had a responsibility to use their wealth for the greater good of society. He reasoned that rich men were the smartest and most organized in a society, so they would be best suited to administer their own wealth.
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