Carnegie and Ford Quiz (23-24)

During a school debate, Harper referenced an essay by Andrew Carnegie that advocated for the wealthy to use their wealth for the greater good of society. Can you recall the name of that essay?

• The Wealthy Manifesto

• The Gospel of Wealth

• The Fortune Code

• The Money Chronicles

How did Andrew Carnegie become wealthy?

• Through investments in the steel industry and the establishment of Carnegie Steel Company.

• Through winning the lottery.

• By inheriting a large fortune from his family.

• Through successful real estate investments.

Noah, Emma, and Mia are participating in a school quiz. They are asked, 'Which company did Andrew Carnegie found?'

• Carnegie Industries

• Carnegie Corporation

• Carnegie Enterprises

• Carnegie Steel Corporation

What is the famous quote by Andrew Carnegie?

• A penny saved is a penny earned.

• Money is the root of all evil.

• The man who dies rich, dies disgraced.

• The early bird catches the worm.

What is the significant contribution of Andrew Carnegie to American society?

• His significant contribution is his development of the aviation industry.

• His significant contribution is his philanthropic activities and his significant role in the growth of the American steel industry.

• His significant contribution is his participation in the real estate sector.

• His significant contribution is his influence on the software industry.

"The problem of our age is the proper administration of wealth, so that the ties of brotherhood may still bind together the rich and poor in harmonious relationship. The conditions of human life have not only been changed, but revolutionized, within the past few hundred years."

According to Andrew Carnegie, what is the main issue of their time?

• A. Political struggles

• B. Proper use of wealth

• C. Technological advancements

• D. Social equality

"While the law [of competition] may be sometimes hard for the individual, it is best for the race, because it insures the survival of the fittest in every department. We accept and welcome, therefore, as conditions to which we must accommodate ourselves, great inequality of environment, the concentration of business, industrial and commercial, in the hands of a few, and the law of competition between these, as being not only beneficial, but essential for the future progress of the race."

What does Carnegie believe happens when employers and labor compete?

• A. Strife and conflict

• B. Economic hardship for the wealthy

• C. Survival of the fittest

• D. Industrial decline

"The growing disposition to tax more and more heavily large estates left at death is a cheering indication of the growth of a salutary change in public opinion. The State of Pennsylvania now takes—subject to some exceptions—one-tenth of the property left by its citizens."

How does Carnegie feel about the growing tendency to tax large estates at death?

• A. He opposes it

• B. He sees it negatively

• C. He welcomes it positively

• D. He thinks it hinders the economy

"This, then, is held to be the duty of the man of Wealth: First, to set an example of modest, unostentatious living... and after doing so to consider all surplus revenues which come to him simply as trust funds."

According to "The Gospel of Wealth," what is a wealthy person's duty?

• A. Accumulate wealth

• B. Live lavishly

• C. Hoard wealth

• D. Administer surplus 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."

What role does Carnegie suggest a wealthy person should play in society?

• A. Absolute ruler

• B. Trustee for the community

• C. Uninvolved observer

• D. Competition for wealth