In 1911, Carnegie, the wealthy industrialist, created the Carnegie Corporation and endowed it with the majority of his remaining wealth so the corporation would continue his philanthropic (donation) activities after his death.
When it was established, the Carnegie Corporation was the largest single philanthropic trust ever created with 135million dollars in assets. Carnegie was the corporation's first president.
By the time he died. Carnegie had already given 350 million dollars away, and the remaining 30 million was given to foundations and charities.
Representative democracy is a form of democracy in which people vote for representatives who then vote on policy initiatives as opposed to a direct democracy, a form of democracy in which people vote on policy initiatives directly.
In a representative democracy, people elect representatives to make political decisions and pass laws for them. In a direct democracy, people make all political decisions and pass laws themselves
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