Question

Document 4: This, then, is held to be the duty of the man of Wealth: First, to set an example of modest, unostentatious living, shunning display or 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, and strictly bound as a matter of duty to administer in the manner which, in his judgment, is best calculated to produce the most beneficial results for the community - the man of wealth thus becoming the mere agent and trustee for his poorer brethren, bringing to their service his superior wisdom, experience, and ability to administer, doing for them better than they would or could do for themselves. Source: Andrew Carnegie, "Wealth," North American Review, June 1889.

Answer 1

Andrew Carnegie viewed the role of the wealthy as being trustees of their fortune, using it to benefit society via strategic philanthropy. He believed in giving in a way that enables self-improvement rather than dependency. His ideas reflected the American spirit of entrepreneurship and responsibility toward societal progress.

Step-by-step explanation:

Andrew Carnegie's Philosophies on Wealth and Philanthropy

Andrew Carnegie, a titan of industry, believed that the role of the wealthy was not simply to accumulate riches but to act as stewards of their wealth for the greater good of society. He espoused the concept of the “Gospel of Wealth,” where those with great means were under a moral obligation to live modestly and to use their surplus wealth to benefit others.

Carnegie's perspective on charity was that it should be aimed at enabling others to help themselves, promoting sustainable improvement rather than providing mere temporary relief. He asserted that by funding public institutions like libraries and universities, the wealthy could provide invaluable resources that would lift up entire communities.

In the context of American identity, Carnegie's views on wealth and philanthropy highlighted the nation's entrepreneurial spirit and the possibility of social mobility, while also acknowledging the social responsibilities that accompany great success. He encouraged his fellow magnates to contribute to society's advancement, thereby leaving a lasting legacy of generosity and social consciousness.