Question

19. (05.04 MC) Question refers to the excerpt below. "While the law of competition may be sometimes hard for the individual, it is best for the race, for it insures the survival of the fittest in every department."—Andrew Carnegie, from The Gospel of Wealth, 1889 Based on the quote, which of the following would Carnegie likely support? (5 points) Settlement house movement Social Gospel movement Social Darwinism Utopianism

Answer 1

The correct answer is: "Darwinism".

The concept of the survival of the fittest is central in the theory of the evolution of the species developed by Darwin. But it has also been applied many times in the economic sphere, for the defense of competiton and to promote the establishment of free markets.

The evolutionary theory states that those spices that develop favourable traits would be able to survive, while weak ones would extinguish. The same understanding is applied in economics, where those who are able to gain profit in the markets, given a certain endownments of inputs would suceed while those who are not able to obtain any profit would sink.