What is Andrew Carnegie's new ambition after stepping back from business?

• A. To run for political office
• B. To become the biggest philanthropist
• C. To expand his steel empire
• D. To write a memoir

Answer: (B)

After stepping back from his business empire, Andrew Carnegie's new ambition centered around philanthropy. He dedicated the latter part of his life to giving away his wealth and supporting various charitable causes, believing that the wealthy had a moral obligation to use their fortunes to benefit society. Carnegie famously articulated this philosophy in his essay "The Gospel of Wealth," where he argued that the rich should provide opportunities for others, rather than simply giving money to those in need.

His philanthropic efforts included funding the establishment of libraries, schools, and institutions that contributed to public education and cultural development, showcasing his commitment to improving society through strategic donations and initiatives. This focus on philanthropy was a significant shift from his earlier pursuits in the steel industry, marking a legacy that extended beyond business success to encompass a broader impact on society.