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Andrew Carnegie was a very strong advocate of capitalism. He believed in the power of the individual to create his own destiny through hard work. He did not believe in the redistribution of wealth, nor did he believe in leaving too much to his children. He felt that if you give too much to your children it will make them dependant on this money and unwilling to work for themselves.
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Do capitalism and communism have similar views on the ownership of a business and its resources?
No, capitalism and communism have very distinct views about the allocation of resources in a society. Capitalism supports private ownership with the profit motive, deriving additional expansion by accumulating more capital from continual investment. Communism supports social ownership of social resources for the benefit of society, not for profit.
What are the different views in economics?
Socialist or free market. All else is a twist on this. capitalism mixed market
Why was Andrew Carnegies favorite method to getting rid of surplus money Donating It To Public Services?
It was his favorite method because he enjoyed giving to people, and out of the three methods, this method gave the most to society.
What was Andrew Carnegie's monopoly?
Andrew Carnegie's Monopoly is the extreme case in capitalism.
What are Einstein's views on capitalism?
He did not believe in capitalism.Here is a quote "This crippling of individuals I consider the worst evil of capitalism. Our whole educational system suffers from this evil. An exaggerated competitive attitude is inculcated into the student, who is trained to worship acquisitive success as a preparation"
Who are grangevale?
andrew carnegies followers
What was Andrew carnegies gospel of wealth?
bad
Where was Andrew Carnegies business located?
Pittsburgh
How was Andrew Carnegies money spent?
Andrew Carnegie how he spent his money
What was Andrew Carnegies biggest mistake?
hiring flink
Which was Andrew carnegies main contribution to society?
libraries.
Who bought Andrew Carnegies steel company?
J.P. Morgan
Andrew Carnegies views on social responsibility?
Industrialist, Andrew Carnegie introduced the concept of philanthropy as an obligation of the wealthy, as opposed to a choice. He believed the wealthy were the stewards of their property, holding it in trust to benefit mankind. His principles of charity were outlined in his "The Gospel of Wealth".
What was Louise Carnegies name before she married Andrew Carnegie?
Louise Whitfield
Who managed Andrew Carnegies steel plant during the homestead strike?
Henry Frick
Andrew Carnegies gospel of wealth stated that?
wealthy people were obligated to donate money to worthy causes
What were John Rockefeller views on capitalism?
Rockefeller loved capitalism as one of the greatest forces on earth.
