APFIVE The excerpt best reflects which of the following perspectives regarding wealth and industrialization in the late nineteenth century?
“I assert that the accumulation of wealth is not an end in itself but a sacred responsibility bestowed upon those fortunate enough to succeed. Our riches must be used to uplift society, improve public institutions, and support the less fortunate. Wealth, when shared wisely, fosters cultural and industrial advancement for all. It is not enough to revel in profit; one must also act as a benefactor for the community. I urge all industrialists to view their prosperity as a tool for social betterment and a means to build a brighter future. Let philanthropy be the legacy of our era and a testament to responsible capitalism.”
Andrew Carnegie, The Gospel of Wealth, 1889
He argues that immense wealth creates a moral obligation for philanthropic endeavors that benefit society as a whole.
He maintains that wealth must be immediately redistributed by the state to ensure absolute equality.
He contends that the accumulation of wealth is a sign of an unfettered and self-regulating market that needs no oversight.
He suggests that wealth should be reinvested solely in technological progress, leaving social welfare to private charity.
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