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“thus, then, is held to be the duty of the man of wealth: to set an example 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 trustee and agent 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.” -andrew carnegie, the gospel of wealth, 1900
“millionaires’ fortunes are the unnatural product of artificial social regulations’ and that they have no beneficent raison d’être millionaires at one end of the scale involve paupers at the other end, and even so excellent a man as mr. carnegie is too dear at that price.” -the reverend hugh price hughes, 1891
carnegie gave huge grants to communities, and these communities squandered the money to build large, gaudy buildings that did not help these communities. according to carnegie, what is the most appropriate way to help the community?
a create a system that would calculate the most benefits for a community
b create a foundation that would manage the money to benefit the most people and communities
c create a system of government which would use money to help create policies to alleviate poverty
d create a grant system that would distribute the money to people to help improve individuals’ lives
Carnegie's statement emphasizes that the wealthy should consider surplus revenues as trust funds to be administered in a way that benefits the community. He describes the wealthy as trustees and agents, using their wisdom, experience, and ability to administer better than the poor could themselves. This aligns with the idea of creating a foundation (a form of organized management of funds) to manage money for the benefit of people and communities.
- Option A: Just calculating benefits (as in "best calculated to produce the most beneficial results") is part of the process but not the full picture of what Carnegie advocates (which is active administration like a foundation would do).
- Option C: Carnegie does not mention government - created policies in his statement.
- Option D: Carnegie's view is about administering as a trustee (more organized like a foundation) rather than just a grant - distribution system to individuals.
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B. Create a foundation that would manage the money to benefit the most people and communities