What 3 ways did Carnegie suggest to dispose of wealth?

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2026-04-27 19:40

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Andrew Carnegie suggested three primary ways to dispose of wealth: first, by giving it away during one's lifetime to benefit society; second, through establishing trusts or foundations that would support charitable causes after one's death; and third, by leaving a portion of wealth for public purposes, such as education or cultural institutions. He believed that the wealthy had a responsibility to use their fortunes to improve the lives of others and contribute to the common good.

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