USA HISTORY

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WESTWARD EXPANSION INDUSTRIALIZATION URBANIZATION 1870 1900

ROBBER BARONS

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
The excerpt below is derived from the article “Wealth” by Andrew Carnegie. Use the excerpt to answer the following questions. ____ This, then, is held to be the duty of the man of Wealth:First, to set an example of modest, unostentatious living, shunning display or extravagance; to provide moderately for the legitimate wants of those dependent upon him; and after doing so to consider all surplus revenues which come to him simply as trust funds, which he is called upon to administer, and strictly bound as a matter of duty to administer in the manner which, in his judgment, is best calculated to produce the most beneficial results for the community ____ North American Review, June 1889 How did Andrew Carnegie carry out the ideas expressed in this excerpt?
A
by funding numerous libraries and educational institutions
B
by serving many years in the federal government
C
by investing his fortune in several new industries
D
by promoting programs to benefit the wealthy
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: -What is the main question that Carnegie is posing here? Carnegie is asking what we do with this wealth which only a few people have, “… administering wealth… thrown into the hands of the few”?

Detailed explanation-3: -There are but three modes in which surplus wealth can be disposed of. It can be left to the families of the decedents; or it can be bequeathed for public purposes; or, finally, it can be administered during their lives by its possessors.

There is 1 question to complete.
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