Fifty Things You Need to Know About World History Quotes

“John Maynard Keynes urged re-negotiation of the terms. In his book, The Economic Consequences of the Peace, published in 1919, he said that: ‘Great privation and great risks to society have become unavoidable.’ A new approach was needed to ‘promote the re-establishment of prosperity and order, instead of leading us deeper into misfortune.”
― Hugh Williams, Fifty Things You Need to Know About World History

“In an attempt to head off such stinging and potentially damaging criticism both Rockefeller and Carnegie poured hundreds of millions of dollars into public works. In Rockefeller’s case the money went to Chicago University, the Rockefeller Institute for Medical Research (today Rockefeller University), and the General Education Board that announced it would teach children ‘to do in a perfect way the things their fathers and mothers are doing in an imperfect way’. In 1913 he and his son established the Rockefeller Foundation that remains one of the richest charitable organisations in the world. Carnegie too used his money to encourage education. His grand scheme was to fund the opening of libraries, and between 1883 and 1929 more than 2,000 were founded all over the world. In many small towns in America and in Britain, the Carnegie Library is still one of their most imposing buildings, always specially designed and built in a wide variety of architectural styles. In 1889, Carnegie wrote his Gospel of Wealth first published in America and then, at the suggestion of Gladstone, in Britain. He said that it was the duty of a man of wealth to set an example of ‘modest, unostentatious living, shunning display or extravagance’, and, once he had provided ‘moderately’ for his dependents, to set up trusts through which his money could be distributed to achieve in his judgement, ‘the most beneficial result for the community’. Carnegie believed that the huge differences between rich and poor could be alleviated if the administration of wealth was judiciously and philanthropi-cally managed by those who possessed it. Rich men should start giving away money while they lived, he said. ‘By taxing estates heavily at death, the state marks its condemnation of the selfish millionaire’s unworthy life.”
― Hugh Williams, Fifty Things You Need to Know About World History

“We need not worship the nation to which we belong.”
― Hugh Williams, Fifty Things You Need to Know About World History

“Once men inure themselves against the obvious injustices of slavery and defend its use for the economic advantages they believe it brings, humanity deserts them”
― Hugh Williams, Fifty Things You Need to Know About World History

“the welfare of employees was an important component in commercial success.”
― Hugh Williams, Fifty Things You Need to Know About World History

“Nought remains But vindictiveness here amid the strong, And there amid the weak an impotent rage.”
― Hugh Williams, Fifty Things You Need to Know About World History

“Liberty produces wealth, and wealth destroys liberty.”
― Hugh Williams, Fifty Things You Need to Know About World History

“a scarce labour force is always a valuable one.”
― Hugh Williams, Fifty Things You Need to Know About World History

“Man works to be wealthy, but gambles to be rich.”
― Hugh Williams, Fifty Things You Need to Know About World History