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The New Gilded Age

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CHAPTER

Origins of Modern Philanthropy

This chapter explores the beginnings of modern philanthropy through figures like John D. Rockefeller Sr., detailing his rise to wealth and the subsequent establishment of foundations aimed at addressing social issues. It highlights the evolving concept of philanthropy, contrasting the motivations of early benefactors with their controversial business practices during the Gilded Age. Additionally, it discusses the labor exploitation and public backlash against wealthy industrialists, illustrated by significant events like the Ludlow Massacre.

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