USA HISTORY

WESTWARD EXPANSION INDUSTRIALIZATION URBANIZATION 1870 1900

ANDREW CARNEGIE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Andrew Carnegie set up the Carnegie Corporation when he was 76 years old so that the foundation would spend just the interest it earned so that his donations would continue indefinitely.
A
False
B
True
C
Either A or B
D
None of the above
Explanation: 

Detailed explanation-1: -By age 30, Carnegie had amassed business interests in iron works, steamers on the Great Lakes, railroads, and oil wells. He was subsequently involved in steel production, and built the Carnegie Steel Corporation into the largest steel manufacturing company in the world.

Detailed explanation-2: -In addition to funding libraries, he paid for thousands of church organs in the United States and around the world. Carnegie’s wealth helped to establish numerous colleges, schools, nonprofit organizations and associations in his adopted country and many others.

Detailed explanation-3: -Carnegie Corporation of New York works to promote democracy, education, and peace across the globe, advancing knowledge and understanding in these areas of central importance.

Detailed explanation-4: -Following Carnegie’s death, the Corporation began to align its programs with the more scientific assumptions that were coming to dominate social initiatives in the early part of the 20th century.

There is 1 question to complete.