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Andrew Carnegie’s Gospel of Wealth was based on the belief that wealthy industri...

Oct 17, 2023

Andrew Carnegie’s Gospel of Wealth was based on the belief that wealthy industrialists should use their wealth to (A) acquire additional landholdings in the West (B) create new businesses (C) finance philanthropic endeavors (D) pay workers better wages and benefits (E) live in luxury

Key Concept

KC-6.1.III: In the late 19th century, Andrew Carnegie and other industrialists developed philosophies of wealth that asserted the superiority of the American capitalist system and justified their own wealth.

Explanation

Andrew Carnegie's Gospel of Wealth was a philosophy that wealthy industrialists should use their wealth to finance philanthropic endeavors. Carnegie believed that the wealthy had a moral obligation to distribute their wealth in ways that would benefit society, rather than simply accumulating more wealth or living in luxury. This philosophy was a response to the social inequalities and economic disparities of the Gilded Age.

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