The Rise of Industrial Capitalism

AP US History· difficulty 3/5

"This, then, is held to be the duty of the man of wealth: 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, which he is called upon to administer... in the manner which, in his judgment, is best calculated to produce the most beneficial results for the community." — Andrew Carnegie, "Wealth," 1889

Carnegie's view most directly contrasted with which contemporary perspective?

  • A

    Horatio Alger's stories celebrating self-made success

  • B

    William Graham Sumner's defense of Social Darwinist competition

  • C

    Russell Conwell's claim that anyone could become rich through diligence

  • D

    Henry George's argument that land monopoly itself produced unjust inequality

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Explanation

Henry George's Progress and Poverty challenged the structural sources of inequality, while Carnegie accepted concentrated wealth and only regulated its disposal.

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