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Andrew Carnegie

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Andrew Carnegie

Andrew Carnegie (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. 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 (equivalent to $6.9 billion in 2025 dollars), almost 90 percent of his fortune, to charities, foundations and universities. 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. Carnegie was born in Dunfermline, Scotland. He immigrated to what is now Pittsburgh, Pennsylvania, with his parents in 1848 at the age of 12. Carnegie started work in a cotton mill and later as a telegrapher. By the 1860s he 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; 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. Carnegie devoted the remainder of his life to large-scale philanthropy, with special emphasis on building local libraries, working for world peace, education, and scientific research. He funded 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.

Infobox

Born
(1835-11-25)November 25, 1835Dunfermline, Fife, Scotland
Died
August 11, 1919(1919-08-11) (aged 83)Lenox, Massachusetts, U.S.
Resting place
Sleepy Hollow Cemetery, Sleepy Hollow, New York, U.S.
Occupation(s)
Industrialist, philanthropist
Known for
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
Political party
Republican
Spouse
mw- Louise Whitfield (m. 1887)
Children
Margaret Carnegie Miller
Parent(s)
William CarnegieMargaret Morrison Carnegie
Relatives
mw- Thomas M. Carnegie (brother) George Lauder Jr. (first cousin) George Lauder Sr. (uncle-in-law)
Occupations
Industrialist, philanthropist

Tables

· External links
Preceded byJames Stuart
Preceded byJames Stuart
Academic offices
Preceded byJames Stuart
Academic offices
Rector of the University of St Andrews 1901–1907
Academic offices
Succeeded byThe Lord Avebury
Preceded byHerbert Henry Asquith
Preceded byHerbert Henry Asquith
Academic offices
Preceded byHerbert Henry Asquith
Academic offices
Rector of the University of Aberdeen 1911–1914
Academic offices
Succeeded byWinston Churchill
Academic offices
Preceded byJames Stuart
Rector of the University of St Andrews 1901–1907
Succeeded byThe Lord Avebury
Preceded byHerbert Henry Asquith
Rector of the University of Aberdeen 1911–1914
Succeeded byWinston Churchill

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