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What Did Andrew Carnegie Mean by the Phrase "The Gospel

Question 24

Multiple Choice

What did Andrew Carnegie mean by the phrase "the gospel of wealth"?


A) He meant that money was more important than any other variable in developing a country and uplifting the population so that it could compete on a global level.
B) He meant that there should be little government intervention in economics,because he believed that government regulations stifle entrepreneurial initiative.
C) He meant that money should be held in high esteem,because of all of the dimensions of social stratification,it is wealth that will lead most directly to general benefits for the whole population.
D) He meant that entrepreneurs should work to better understand economic relations in order to obtain larger amounts of leisure time.
E) All of these are true.

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