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Andrew carnegie argued that the success of wealthy industrialists did what?

He believed that this helped the economy to grow. Without the industrialists, there would be no big business or jobs for the other people.


Who believed the wealthy had social obligations?

Andrew Carnegie


Businessmen such as John D Rockefeller Andrew Carnegie and JP Morgan were often called?

philanthropists and industrialists


How did Andrew Carnegie become wealthy?

he found gold at the end of a rainbow


Who said There is little success where there is little laughter?

Andrew Carnegie


What did Andrew Carnegie and John D. Rockefeller have in common?

Both Andrew Carnegie and John D. Rockefeller were wealthy industrialists who dominated their respective industries (Carnegie in steel, Rockefeller in oil) during the late 19th century. They were both known for their ruthless business tactics and amassed significant fortunes through their business ventures. Additionally, both men were philanthropists and donated large sums of money to various charitable causes and institutions.


Who was the only businessman wealthy enough to buy out Andrew Carnegie?

J.P. Morgan


19th century industrialists like Andrew Carnegie and John D. Rockefeller were called what?

Robber Barons


What makes Andrew carnegie a wealthy man?

Andrew Carnegie became wealthy primarily through his investments in the steel industry, particularly with the establishment of Carnegie Steel Company. His success was driven by innovative production techniques, such as the Bessemer process, which allowed for mass production of steel at lower costs. Additionally, his strategic investments in railroads and other industries contributed to his vast fortune. Ultimately, Carnegie's business acumen and focus on efficiency positioned him as one of the richest individuals of his time.


Who was the first industrialist to advocate the gospel of wealth?

Andrew Carnegie was the first industrialist to advocate the gospel of wealth. He believed that the wealthy had a responsibility to use their wealth to benefit society and help those less fortunate. Carnegie promoted the idea that the rich should engage in philanthropy and contribute to the welfare of the public.


Who wrote gospel of wealth?

The "Gospel of Wealth" was written by Andrew Carnegie in 1889. In this essay, Carnegie discussed his views on wealth accumulation and philanthropy, arguing that the wealthy have a responsibility to use their wealth to benefit society.


Which wealthy businessman wrote the essay The Gospel of Wealthin which he encouraged wealthy people to use their money to benefit society?

Andrew Carnegie