WESTWARD EXPANSION INDUSTRIALIZATION URBANIZATION 1870 1900
ANDREW CARNEGIE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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ship building
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libraries
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private hospitals
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None of the above
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Detailed explanation-1: -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-2: -He believed in the “Gospel of Wealth, ” which meant that wealthy people were morally obligated to give their money back to others in society. Carnegie had made some charitable donations before 1901, but after that time, giving his money away became his new occupation.
Detailed explanation-3: -Carnegie became the second-richest man in American history (after John D. Rockefeller) by dominating the growing steel industry. 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.
Detailed explanation-4: -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.