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History, 21.12.2019 11:31 luischavolla10

Andrew carnegie’s “wealth” was published in the north american review in 1889. the essay later became known as the “gospel of wealth,” and it inspired millionaires such as john d. rockefeller, james buchanan duke, cornelius vanderbilt, and carnegie himself to use their fortunes to give back to the community. libraries, research institutions, and universities still bear their names to this day. as you read excerpts of the “gospel of wealth,” answer the questions that follow to you analyze and understand the document’s main idea. answer all questions in your own words and in complete sentences. law of competition-the idea that when individuals and companies compete it leads to good things for the society as a whole- best people for the job, most efficient companies and lower prices of goods. 1. is the “gospel of wealth? ” a primary or secondary source? explain in two complete sentences. (5 points) 2. who wrote the “gospel of wealth”? why do you think he wrote this? explain in two complete sentences. (5 points) 3. who do you think is the intended audience for the essay and why do you think this? explain in two complete sentences. (5 points) 4. explain what andrew carnegie means when he writes “the problem of our age is the proper administration of wealth”? explain in two complete sentences. (5 points) 5. in carnegie’s beliefs, what role does the “survival of the fittest” play in society and the future progress of the man? explain in three complete sentences. (6 points) 6. according to carnegie what are the three modes of administering wealth, which of the following is not a mode described by carnegie? highlight/underline the correct (3 points) a. wealth can be given to public purposes after the person dies. b. wealth can be given to the person’s descendants. c. wealth can be distributed equally among the less fortunate. d. wealth can be administered while the person is still alive. 7. why did carnegie believe that money should not be left to the families of the decedents? (highlight or mark the correct answer) highlight/underline the correct (3 points) a. history has shown that most heirs spend their inheritance foolishly. b. the heirs will not use the money to support other family members. c. most heirs will give all their excess money to the poor. d. many heirs will use the money to make more money. 8. explain in your own words what carnegie believed was the duty of the man of wealth? explain in three complete sentences. (6 points) 9. what did carnegie believe about how money should be donated? give an example from the essay of what carnegie believed was a good use of donation (charity). explain in two complete sentences. (6 points) 10. give your own example of how the wealthy can benefit a mass of people rather than just a few. explain in two complete sentences. (6 points)

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