The New Gilded Age
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Philanthropy Under Scrutiny
This chapter examines the complex interplay between philanthropy and societal impact in the U.S., focusing on the Rockefeller and Ford Foundations. It highlights historical events like the Ludlow Massacre and sweeping congressional hearings that questioned the accountability of wealthy foundations. The discussion ultimately leads to significant legislative changes in 1969 aimed at increasing transparency and regulation in philanthropic practices.
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