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Who Developed vertical integration for his steel company?
The idea of vertical integration was introduced by Andrew Carnegie.
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 founded the Peace Palace?
The original idea came from Friedrich Martens, a Russian diplomat and Andrew White, an American diplomat. The funding came from the Carnegie Foundation, (Andrew Carnegie).
What are Marxist?
Marxist idea are the idea mastermind from Marx which support equality for all human being and that it is established to overthrow capitalism and support socialism or communism.
What are Marxist ideas?
Marxist idea are the idea mastermind from Marx which support equality for all human being and that it is established to overthrow capitalism and support socialism or communism.
Does the life of Andrew Carnegie support or counter the philosophy of social darwinism?
The super rich of the industrial era sought monopolies, where they could have complete dominance of an industry without any competition. They thus believed that the marketplace works in similar ways to that of nature, where only the fittest survive and those unable to compete become extinct. In this way, they were "Social Darwinists", and Andrew Carnegie's monopoly of the steel industry was no exception.
What was Carnegie's idea that the rich should help the poor called?
Carnegie's idea that the wealthy should use their wealth to benefit society was known as the "Gospel of Wealth." He believed that those who were fortunate enough to acquire wealth had a responsibility to support philanthropic causes for the betterment of society.
Who did the idea of socialism come from?
Plato
How did Andrew Carnegie come up with the steel idea?
Andrew Carnegie became interested in the steel industry while observing advancements in technology and industrial processes during the mid-19th century. He recognized the potential of steel as a stronger and more durable alternative to iron for construction and manufacturing. Inspired by innovations like the Bessemer process, which allowed for mass production of steel, Carnegie invested in steel production and established the Carnegie Steel Company, ultimately revolutionizing the industry and contributing to America's industrial growth.
What did Andrew carnegie believe that the wealth had a responsibility to do?
Andrew Carnegie believed that those who amassed wealth had a responsibility to use it to benefit society, particularly through philanthropy and supporting public causes such as education and libraries. He famously espoused the idea of "the Gospel of Wealth," arguing that the wealthy should use their resources to improve the well-being of others.
What statement would Andrew Carnegie most likely agree with?
Andrew Carnegie would most likely agree with the statement that wealth should be used to benefit society, and that the rich have a responsibility to give back to their communities through philanthropy and charitable giving. Carnegie himself advocated for the concept of "the Gospel of Wealth," which promoted the idea that the wealthy should use their riches to improve the well-being of others.
What did Andrew Jackson not support?
Andrew Jackson did not support the concept of a strong centralized federal government. He favored a limited government with more power given to the states. Jackson also opposed the idea of a national bank, believing it benefited the wealthy at the expense of the common people.
