Capitalist Conservatism and Its Critics

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Questions and Answers

Why did wealthy capitalists defend their wealth and power?

  • Because they were supported by the government
  • Because they believed in the ideology of individualism (correct)
  • Because they inherited their wealth and power
  • Because they were born into a privileged class

Who introduced the theory of Social Darwinism?

  • Charles Darwin
  • The industrial titans
  • William Graham Sumner
  • Herbert Spencer (correct)

What did Social Darwinism argue?

  • That individuals rose or fell in society based on their innate 'fitness' (correct)
  • That individuals rose or fell in society due to luck
  • That society should support the unfit
  • That wealth and power should be distributed equally

Andrew Carnegie wrote an article in 1889 titled 'The Gospel of Wealth' in which he argued that people of wealth should use their riches for the good of the community.

<p>True (B)</p> Signup and view all the answers

Critics of the industrial and financial titans claimed that they earned their wealth because of the innate fitness of those who succeeded.

<p>False (A)</p> Signup and view all the answers

Russell H. Conwell delivered a lecture called 'Acres of Diamonds' more than 6,000 times between 1880 and 1900.

<p>True (A)</p> Signup and view all the answers

Horatio Alger was originally a minister in a small town in Massachusetts.

<p>True (B)</p> Signup and view all the answers

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