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Philanthropy in the Modern Age: A Complicated Legacy

In the 19th century, the Rockefellers, Carnegies, and their fellow magnates began amassing unimaginable wealth, while rapid industrialization created a new underclass of low-wage workers. The fortunes of gilded age tycoons were so massive and the amount of people in need were so many that a more systemized and scientific method of distributing money—the modern […]

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