Andrew Carnegie Quiz

Andrew Carnegie was the second richest man in America after whom?

• Henry Ford

• John D. Rockefeller

• J.P. Morgan

• Cornelius Vanderbilt

Which state is Pittsburgh located in?

• Ohio

• New York

• Pennsylvania

• Illinois

What concept did Carnegie support that involves minimal government intervention in business?

• Communism

• Socialism

• Laissez-faire

• Fascism

What is the title of the book written by Carnegie that discusses the responsibilities of the wealthy?

• The Wealth of Nations

• The Gospel of Wealth

• The Art of Wealth

• The Science of Wealth

What type of "social" theory did Carnegie support along with laissez-faire?

• Keynesian economics

• Social Darwinism

• Marxism

• Monetarism

What should a man of wealth shun according to the Gospel of Wealth?

• Modesty

• Display

• Responsibility

• Community service

What is the nature of the revenues that a man of wealth should consider as trust funds?

• All revenues

• Surplus revenues

• Personal savings

• Business profits

What qualities should a man of wealth bring to the service of his poorer brethren?

• Wealth and power

• Superior wisdom, experience, and ability to administer

• Fame and recognition

• Physical strength and endurance

What must those who would administer wisely possess?

• Wealth

• Power

• Wisdom

• Fame

According to the text, what should be avoided in the administration of wealth?

• Discrimination

• Indiscriminate charity

• Investment in businesses

• Saving for the future