CCRA U.S. History Grade 11 Practice Questions - Oklahoma College- And Career-Readiness Assessment U.S. History Content, Grade 11 Exam

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Read the excerpt below from Andrew Carnegie's 'The Gospel of Wealth' (1889): 'This, then, is held to be the duty of the man of Wealth: First, to set an example of modest, unostentatious living, shunning 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... to produce the most beneficial result for the community.' Which philosophy of Gilded Age industrial leaders is best expressed in Carnegie's statement?

The obligation of wealthy industrialists to use their fortunes to advance public philanthropy and social causes The necessity of government regulation to redistribute wealth through mandatory corporate income taxes The belief that industrial workers should democratically control corporate manufacturing decisions The advocacy of total economic isolationism to prevent foreign investment in domestic corporations

Correct Answer:

The obligation of wealthy industrialists to use their fortunes to advance public philanthropy and social causes

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