What was Carnegie known for quizlet?
Scottish-American industrialist, businessman who led the enormous expansion of the American steel industry. He was also one of the most important philanthropists of his era. He believed that millionaires inheritants should not inherit from all the fortune.
Does this quote indicate that Carnegie is a captain of industry or a robber baron Why?
Andrew Carnegie is a captain of industry because he started off as a poor Scottish boy but he was able to build a successful industry, he impacted the U.S. with his steel to transform cities and he donated most of his wealth to others.
Why was Carnegie considered a philanthropist?
After retiring in 1901 at the age of 66 as the world’s richest man, Andrew Carnegie wanted to become a philanthropist, a person who gives money to good causes. He believed in the “Gospel of Wealth,” which meant that wealthy people were morally obligated to give their money back to others in society.
What was Carnegie known for?
Andrew Carnegie was an industrialist best known for leading the expansion of the American steel industry in the late 19th century.
What did social Darwinists believe?
The social Darwinists—notably Spencer and Walter Bagehot in England and William Graham Sumner in the United States—believed that the process of natural selection acting on variations in the population would result in the survival of the best competitors and in continuing improvement in the population.
Why is the gospel of wealth important?
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.
What did the Gospel of Wealth say?
The Gospel of Wealth asserts that hard work and perseverance lead to wealth. Carnegie based his philosophy on the observation that the heirs of large fortunes frequently squandered them in riotous living rather than nurturing and growing them.