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andrew carnegies ascent to wealth and philanthropy marked a significant…

Question

andrew carnegies ascent to wealth and philanthropy marked a significant era in the industrial landscape.
carnegies philanthropic legacy:
carnegies later years were marked by a remarkable decision to give back a significant portion of his fortune.

  • library endowment: at the end of his life, carnegie chose to donate 90% of his wealth to build libraries across the country.
  • empowering others: his goal was to provide others with the means to research, learn, and potentially achieve financial success.

impact of monopolies and legal changes:
monopolies, exemplified by carnegies control of the steel market, had far - reaching consequences, leading to legal changes.

  • price control issues: monopolies can exploit their market position, resulting in exorbitant prices for goods.
  • legal response: the negative effects of monopolies led to legislative measures, making them illegal to protect consumers from price manipulation and lack of choices.

according to the passage, why did carnegie leave so much of his fortune to build libraries?
he wanted to inspire others to read since he never learned as a child.
he wanted to allow others to research opportunities like he did.
he wanted to provide more librarian jobs to the public.

Explanation:

Brief Explanations

The passage states "His goal was to provide others with the means to research, learn, and potentially achieve financial success." This directly relates to the option about allowing research opportunities.

Answer:

He wanted to allow others to research opportunities like he did.