WESTWARD EXPANSION INDUSTRIALIZATION URBANIZATION 1870 1900
ANDREW CARNEGIE
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
build libraries
|
|
|
establishing research institutes
|
|
|
giving money to the poor
|
|
|
None of the above
|
Detailed explanation-1: -Andrew Carnegie sold his steel company to J.P. Morgan for $480 million in 1901. Retiring from business, Carnegie set about in earnest to distribute his fortune. In addition to funding libraries, he paid for thousands of church organs in the United States and around the world.
Detailed explanation-2: -During his lifetime, Carnegie gave away over $350 million. Many persons of wealth have contributed to charity, but Carnegie was perhaps the first to state publicly that the rich have a moral obligation to give away their fortunes.
Detailed explanation-3: -He paid his workers poorly and hated unions. During a strike at Carnegie’s Homestead steel plant in Pennsylvania, his manager fired all the workers and brought in armed guards. Violence erupted, and twenty workers and four policemen died. Carnegie became fabulously-or obscenely-wealthy.
Detailed explanation-4: -Scottish-born Andrew Carnegie (1835-1919) was an American industrialist who amassed a fortune in the steel industry then became a major philanthropist.