Andrew Carnegie

Scottish-born American industrialist and philanthropist, 1835-1919

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About

Andrew Carnegie, born in Scotland, immigrated to the United States in 1848. Starting from nothing, he built Carnegie Steel Company, which became the world's largest steel producer. In 1901, he sold his company to J.P. Morgan for $480 million, becoming the richest American. His philosophy, outlined in 'The Gospel of Wealth' (1889), advocated the duty of the rich to redistribute their fortune. He devoted the last years of his life to philanthropy, giving away about $350 million to fund libraries, universities, museums, and peace organizations.

Major works

  • The Gospel of Wealth (1889)article
  • Triumphant Democracy (1886)book
  • The Empire of Business (1902)book
  • Autobiography of Andrew Carnegie (1920)autobiography

Key milestones

  • 1901Sold Carnegie Steel to J.P. Morgan for $480 million, creating U.S. Steel.
  • 1911Founded the Carnegie Corporation of New York, his largest philanthropic foundation.
  • 1889Published 'The Gospel of Wealth', defining his philanthropic philosophy.

Themes

PhilanthropyIndustrial capitalismEducationWorld peaceSocial mobility

Sources: carnegie.org · britannica.com · cgi.pbs.org