Andrew Carnegie
Andrew Carnegie (English: /kɑːrˈnɛɡi/ kar-NEG-ee, Scots: [kɑrˈnɛːɡi];[2][3][note 1] November 25, 1835 – August 11, 1919) was a Scottish-American industrialist and philanthropist. Carnegie led the expansion of the American steel industry in the late 19th century and became one of the richest Americans in history.[5] He became a leading philanthropist in the United States, Great Britain, and the British Empire. During the last 18 years of his life, he gave away around $350 million (roughly $6.5 billion in 2023),[6] almost 90 percent of his fortune, to charities, foundations and universities.[7] His 1889 article proclaiming "The Gospel of Wealth" called on the rich to use their wealth to improve society, expressed support for progressive taxation and an estate tax, and stimulated a wave of philanthropy.
Andrew Carnegie
August 11, 1919
Founding and leading the Carnegie Steel Company
Founding the Carnegie Library, Carnegie Hall, Carnegie Institution for Science, Carnegie Corporation of New York, Carnegie Endowment for International Peace, Carnegie Mellon University, Carnegie Trust for the Universities of Scotland, Carnegie United Kingdom Trust, Carnegie Foundation for the Advancement of Teaching, Carnegie Council for Ethics in International Affairs, Carnegie Museums of Pittsburgh, and the Carnegie Hero Fund
William Carnegie
Margaret Morrison Carnegie
Thomas M. Carnegie (brother) George Lauder (first cousin) George Lauder Sr. (uncle)
Carnegie was born in Dunfermline, Scotland, and immigrated to what is now Pittsburgh, Pennsylvania, United States with his parents in 1848 at the age of 12. Carnegie started work as a telegrapher, and by the 1860s had investments in railroads, railroad sleeping cars, bridges, and oil derricks. He accumulated further wealth as a bond salesman, raising money for American enterprise in Europe. He built Pittsburgh's Carnegie Steel Company, which he sold to J. P. Morgan in 1901 for $303,450,000 (equal to $11,113,550,000 today);[8] it formed the basis of the U.S. Steel Corporation. After selling Carnegie Steel, he surpassed John D. Rockefeller as the richest American of the time.[9]
Carnegie devoted the remainder of his life to large-scale philanthropy, with special emphasis on building local libraries, world peace, education, and scientific research. He funded the Carnegie Hall in New York City, the Peace Palace in The Hague, founded the Carnegie Corporation of New York, Carnegie Endowment for International Peace, Carnegie Institution for Science, Carnegie Trust for the Universities of Scotland, Carnegie Hero Fund, Carnegie Mellon University, and the Carnegie Museums of Pittsburgh, among others.
Philosophy
Politics
Carnegie gave "formal allegiance" to the Republican Party, though he was said to be "a violent opponent of some of the most sacred doctrines" of the party.[97]
Andrew Carnegie Dictum
In his final days, Carnegie had pneumonia. Before his death on August 11, 1919, Carnegie had donated $350,695,654 for various causes. The "Andrew Carnegie Dictum" was:
Carnegie was a frequent contributor to periodicals on labor issues.
Books
Articles
Pamphlets
Public speaking
Collected works