<u>Answer:</u>
The economic philosophy that Andrew Carnegie is referring to in this quote is capitalism.
<u>Explanation:</u>
It is clear from the terms used and the process described in the quote that the philosophy Andrew Carnegie is referring to is none other than capitalism. It is because Carnegie is speaking about 'competition' which according to him is beneficial in the growth.
The term 'material development' also clarifies that the quote is in the praise of capitalism. Moreover, Andrew Carnegie was himself a capitalist.
<span>Assuming that this is referring to the same list of options that was posted before with this question, <span>the correct response would be the emergence of factories during the Industrial Revolution, since these factories provided thousands of jobs that were desperately needed by many poor people. </span></span>
The League of Nations was established after WWl between the United States and some European countries as an attempt to try to stay out of future wars. It was proposed by President Woodrow Wilson, but Congress denied involvement in the organization due to the fact that they believed we should not be meddling in Europe's affairs.
The primary cause of the depletion of the Atlantic cod fishery was overfishing.
Too many people were fishing in the same spot for such a long time, that the cod in these areas became depleted - they couldn't repopulate as fast as the fisherman could fish them.
