Question

Read the statement below, then answer the question that follows.

Throughout history, wealthy industrialists used their fortunes to improve society.

Which historical figures best fit the description of historical (NOT current) business philanthropists?



A.Andrew Carnegie and John D. Rockefeller

B.Abraham Lincoln and Grover Cleveland

C.Upton Sinclair and Jacob Riis

D.Warren Buffet and Bill Gates

Trying with your own answer only!

Answer 1

The correct answer is A. Andrew Carnegie and John D. Rockefeller.

Andrew Carnegie and John D. Rockefeller were both individuals who made a significant fortune during the Gilded Age in American society. Carnegie was well known for his influence in the steel industry while Rockefeller became extremely wealthy thanks to his investments in oil.

Both of these men used their status as a way to improve American society. A perfect example of this would be when Andrew Carnegie when he wrote the "Gospel of Wealth" article. This article discussed how rich individuals should use their money to help society. Carnegie practiced what he preached, and ended up giving away roughly $350 million of his fortune before passing away.