Benchmark 10F
Historical Perspectives: Understanding Fire
Grades 6-8, page 250

Alchemy was chiefly an effort to change base metals like lead into gold and to produce an elixir that would enable people to live forever. It failed to do that or to create much knowledge of how substances react with each other. The more scientific study of chemistry that began in Lavoisier's time has gone far beyond alchemy in understanding reactions and producing new materials.
 

See Content Standard G History and Nature of Science (grades 9-12): Historical Perspectives