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Encyclopedia > Andrew Carnegie

Andrew Carnegie

Born November 25, 1835(1835-11-25)
Dunfermline, Scotland
Died August 11, 1919 (aged 83)
Lenox, Massachusetts, United States
Occupation Businessman and Philanthropist
Net worth $298.3 billion in 2007 dollars, according to Wealthy historical figures 2008, based on information from Forbes - February 2008.
Spouse Louise Whitfield
Children Margaret Carnegie Miller
Signature

Andrew Carnegie (properly pronounced /kɑrˈneɪgi/, but commonly /ˈkɑrnɨgi/ or /kɑrˈnɛgi/)[1] (November 25, 1835August 11, 1919) was a Scottish-born American industrialist, businessman, and a major philanthropist. He was an immigrant as a child with his parents. He built Pittsburgh's Carnegie Steel Company, which was later merged with Elbert H. Gary's Federal Steel Company and several smaller companies to create U.S. Steel. With the fortune he made from business, he turned to philanthropy and interests in education, founding the Carnegie Corporation of New York, Carnegie Endowment for International Peace, and Carnegie Mellon University in Pittsburgh. Image File history File linksMetadata Download high-resolution version (2574x3000, 618 KB) File links The following pages on the English Wikipedia link to this file (pages on other projects are not listed): Andrew Carnegie List of atheists Homestead Strike Metadata This file contains additional information, probably added from the digital... is the 329th day of the year (330th in leap years) in the Gregorian calendar. ... | Come and take it, slogan of the Texas Revolution 1835 was a common year starting on Thursday (see link for calendar). ... ‹ The template below has been proposed for deletion. ... This article is about the country. ... is the 223rd day of the year (224th in leap years) in the Gregorian calendar. ... Year 1919 (MCMXIX) was a common year starting on Wednesday (link will display the full calendar). ... Location in Berkshire County in Massachusetts Coordinates: , Country State County Berkshire County Settled 1750 Incorporated 1767 Government  - Type Open town meeting Area  - Town  21. ... Set out below is an annotated listing of corporate leaders, who are or have been the head of large or successful business enterprises, or who are otherwise well known for their commercial acumen, listed alphabetically by last name. ... A philanthropist is someone who engages in philanthropy; that is, someone who donates his or her time, money, or reputation to a charitable cause. ... For other uses, see Forbes (disambiguation). ... Margaret Carnegie Miller (1897-1990) was the only child of industrialist and philanthropist Andrew Carnegie and heir to the Carnegie fortune. ... Image File history File links This is a lossless scalable vector image. ... is the 329th day of the year (330th in leap years) in the Gregorian calendar. ... | Come and take it, slogan of the Texas Revolution 1835 was a common year starting on Thursday (see link for calendar). ... is the 223rd day of the year (224th in leap years) in the Gregorian calendar. ... Year 1919 (MCMXIX) was a common year starting on Wednesday (link will display the full calendar). ... This article is about the country. ... It has been suggested that this article or section be merged into Business magnate. ... Set out below is an annotated listing of corporate leaders, who are or have been the head of large or successful business enterprises, or who are otherwise well known for their commercial acumen, listed alphabetically by last name. ... A philanthropist is someone who engages in philanthropy; that is, someone who donates his or her time, money, or reputation to a charitable cause. ... City nickname: The Steel City Location in the state of Pennsylvania Founded 1758 Mayor Tom Murphy (Dem) Area  - Total  - Water 151. ... Carnegie-Illinois Steel blast furnaces in Etna, Pennsylvania (1941) Andrew Carnegie constructed a profitable steel mill at Braddock, Pennsylvania in the mid-1870s. ... Elbert Henry Gary (October 8, 1846–August 15, 1927) was an American lawyer and corporate officer. ... The United States Steel Corporation (NYSE: X) is an integrated steel producer with major production operations in the United States and Central Europe. ... The Carnegie Corporation was founded by the will of Andrew Carnegie in 1911 to promote the advancement and diffusion of knowledge and understanding. ... The Endowments headquarters at 1779 Massachusetts Avenue NW, Washington, D.C. The Carnegie Endowment for International Peace is a private nonprofit organization promoting international cooperation and active international engagement by the United States of America. ... Carnegie Mellon University (also known as CMU) is a private research university in Pittsburgh, Pennsylvania, United States. ...


While Carnegie paid his employees the low wages typical of the time, he later gave away most of his money to fund the establishment of many libraries, schools, and universities in America, United Kingdom and other countries, as well as a pension fund for former employees. He is often regarded as the second richest man in history. Carnegie started as a telegrapher and by the 1860s had investments in railroads, railroad sleeping cars, bridges and oil derricks. He built further wealth as a bond salesman raising money for American enterprise in Europe. There are very few or no other articles that link to this one. ... Telegraphy (from the Greek words tele = far away and grapho = write) is the long distance transmission of written messages without physical transport of letters, originally over wire. ...


Steel was where he made his fortune. In the 1870s, he founded the Carnegie Steel Company, a step which cemented his name as one of the “Captains of Industry”. By the 1890s, the company was the largest and most profitable industrial enterprise in the world. Carnegie sold it to J.P. Morgan in 1901, who created US Steel. Carnegie devoted the remainder of his life to large-scale philanthropy, with special emphasis on local libraries, world peace, and education and scientific research. John Pierpont Morgan (April 17, 1837 – March 31, 1913), American financier and banker, was born in Hartford, Connecticut, a son of Junius Spencer Morgan (1813–1890), who was a partner of George Peabody and the founder of the house of J. S. Morgan & Co. ... The United States Steel Corporation (NYSE: X), later named USX Corporation in 1991, then renamed the United States Steel Corporation again in 2001 when the shareholders of USX spun off the steelmaking assets of the company after its acquisition of Marathon Oil, was once the largest steel producer and largest...

Contents

[edit] Career

[edit] Early career

[edit] 1850–1860: A 'self made man'

Andrew (right), aged 16, with brother Thomas
Andrew (right), aged 16, with brother Thomas

Carnegie's education and passion for reading was given a great boost by Colonel James Anderson, who opened his personal library of 400 volumes to working boys each Saturday night. Carnegie was a consistent borrower and a "self-made man" in both his economic development and his intellectual and cultural development. His capacity and willingness for hard work, his perseverance, and his alertness soon brought forth opportunities. Image File history File links Andrew_and_Thomas_Carnegie_-_Project_Gutenberg_eText_17976. ... Image File history File links Andrew_and_Thomas_Carnegie_-_Project_Gutenberg_eText_17976. ... James Anderson can refer to: James Anderson, administrative head of Norfolk Island James Anderson, a founder of the Scottish Enlightenment James Anderson (1662-1728), a Scottish lawyer, famous for his learning and his antiquarian knowledge. ...


The son of a weaver, Carnegie immigrated as a child with his family from Scotland to the United States in 1848 and settled in Allegheny, Pennsylvania. His first job at age 13 in 1848 was as a bobbin boy, changing spools of thread in a cotton mill twelve hours a day, six days a week. His wages were $1.20 per week, plus another 80 cents for firing the furnace. In 1851, Carnegie became a telegraph messenger boy in the Pittsburgh Office of the Ohio Telegraph Company, at $2.20 per week. In addition to providing him with an increase in income, the job also provided him with a lifelong love of William Shakespeare's works. He was frequently required to deliver messages to a theater, and often managed to arrive just as the curtain had been raised on a performance. Using a charm that was to pay even greater dividends in the future, Carnegie was usually able to convince the theater's manager to allow him to stay and watch the performance for free. Wikipedia does not yet have an article with this exact name. ...


Carnegie quickly taught himself to distinguish the differing sounds the incoming signals produced and learned to transcribe signals by ear, without having to write them down. Thomas A. Scott of the Pennsylvania Railroad Company employed him as a secretary/telegraph operator starting in 1853, at a salary of $4.00 per week. At age eighteen, Carnegie began a rapid advancement through the company, becoming the superintendent of the Pittsburgh Division. Scott also helped him with his first investments. In 1855 Carnegie invested $600 in a successful firm called Adams Express. Later he invested money in sleeping cars for the Pennsylvania Railroad Company and bought part of the company making the wagons. This turned out to be a very profitable investment. Reinvesting his money in railroad-related industries: (iron, bridges, and rails), Carnegie slowly accumulated capital, the basis for his later success. Thomas Alexander Scott, born in Franklin County, Pennsylvania on December 28, 1823, is considered by some to be the most successful white collar criminal in American history. ... The Pennsylvania Railroad (AAR reporting mark: PRR) was an American railroad existing 1846–1968, after which it merged into Penn Central Transportation. ... In 1839, Alvin Adams, a produce merchant ruined by the Panic of 1837, began carrying letters, small packages and valuables for patrons between Boston and Worcester, Massachusetts. ... Fe redirects here. ... This article is about the structure. ...


[edit] 1860–1865: Civil War

Before the Civil War, Carnegie had formed a partnership with a Mr. Woodruff, an inventor of a sleeping car for first-class travel. The sleeping car facilitated business travel at distances over 500 miles (800 km). The investment proved a great success and a source of profit for Woodruff and Carnegie. The young Carnegie became the superintendent of the Pennsylvania Railroad's Western Division, and introduced several improvements in the service. Combatants United States of America (Union) Confederate States of America (Confederacy) Commanders Abraham Lincoln, Ulysses S. Grant Jefferson Davis, Robert E. Lee Strength 2,200,000 1,064,000 Casualties 110,000 killed in action, 360,000 total dead, 275,200 wounded 93,000 killed in action, 258,000 total... The interior of a Pullman car on the Chicago and Alton Railroad circa 1900. ...


In spring 1861 Carnegie was appointed by Scott, who was now Assistant Secretary of War in charge of military transportation, as Superintendent of the Military Railways and the Union Government's telegraph lines in the East. Carnegie helped open the rail lines into Washington that the rebels had cut; he rode the locomotive pulling the first brigade of Union troops to reach Washington. Following the defeat of Union forces at Bull Run, he personally supervised the transportation of the defeated forces. Under his organization, the telegraph service rendered efficient service to the Union cause and significantly assisted in the eventual victory. Carnegie later boasted he was "the first casualty of the war" when he gained a scar on his cheek from working with telegraph wire. Combatants United States of America Confederate States of America Commanders Irvin McDowell Joseph E. Johnston P.G.T. Beauregard Strength 35,000 32,500 Casualties 2,896 (460 killed, 1,124 wounded, 1,312 captured/missing)[1] 1,982 (387 killed, 1,582 wounded, 13 missing)[1] For other uses...


Defeat of the Confederacy required vast supplies of munitions, as well as railroads (and telegraph lines) to deliver the goods. The war demonstrated how integral the industries were to American success. Munition is often defined as a synonyn for ammunition. ...


In 1864, Carnegie invested $40,000 in Storey Farm on Oil Creek in Venango County, Pennsylvania. In one year, the farm yielded over $1,000,000 in cash dividends, and petroleum from oil wells on the property sold profitably. The demand for iron products, such as armor for gunboats, cannon, and shells, as well as a hundred other industrial products, made Pittsburgh a center of wartime production. Carnegie worked with others in establishing a steel rolling mill and steel production and control of industry became the source of his fortune. Carnegie had some investments in the iron industry before the war. Venango County is a county located in the U.S. state of Pennsylvania. ... Petro redirects here. ... An oil well is seen in Texas. ... For other uses, see Cannon (disambiguation). ... For other uses, see Steel (disambiguation). ... A rolling mill is a machine or factory for shaping metal by passing it between rollers. ...


After the war, Carnegie left the railroads to devote all his energies to the ironworks trade. Carnegie worked to develop several iron works, eventually forming The Keystone Bridge Works and the Union Ironworks, in Pittsburgh. Although he had left the Pennsylvania Railroad Company, he did not totally sever his links with the railroads. As the Keystone Bridge Company's superintendent, Carnegie had noticed the weakness of the traditional wooden structures. These were replaced in large numbers with iron bridges made in his works. As well as having good business sense, Carnegie possessed charm and literary knowledge. He was invited to many important social functions—functions that Carnegie exploited to his own advantage.

Carnegie, circa 1878
Carnegie, circa 1878

Carnegie believed in using his fortune for others and doing more than making money. He wrote; Image File history File links Andrew_Carnegie_circa_1878_-_Project_Gutenberg_eText_17976. ... Image File history File links Andrew_Carnegie_circa_1878_-_Project_Gutenberg_eText_17976. ...

I propose to take an income no greater than $50,000 per annum! Beyond this I need ever earn, make no effort to increase my fortune, but spend the surplus each year for benevolent purposes! Let us cast aside business forever, except for others. Let us settle in Oxford and I shall get a thorough education, making the acquaintance of literary men. I figure that this will take three years active work. I shall pay especial attention to speaking in public. We can settle in London and I can purchase a controlling interest in some newspaper or live review and give the general management of it attention, taking part in public matters, especially those connected with education and improvement of the poorer classes. Man must have an idol and the amassing of wealth is one of the worst species of idolatry! No idol is more debasing than the worship of money! Whatever I engage in I must push inordinately; therefore should I be careful to choose that life which will be the most elevating in its character. To continue much longer overwhelmed by business cares and with most of my thoughts wholly upon the way to make more money in the shortest time, must degrade me beyond hope of permanent recovery. I will resign business at thirty-five, but during these ensuing two years I wish to spend the afternoons in receiving instruction and in reading systematically!

An idol is a man-made object that is venerated in some way. ... The Adoration of the Golden Calf by Nicolas Poussin Idolatry is a major sin in the Abrahamic religions regarding image. ... Taken during a Hindu prayer ceremony on the eve of Diwali. ... For other uses, see Money (disambiguation). ...

[edit] 1880–1900: Scholar and Activist

Carnegie continued his business career; some of his literary intentions were fulfilled. He befriended English poet Matthew Arnold and English philosopher Herbert Spencer as well as being in correspondence and acquaintance with most of the U.S. Presidents,[citation needed] statesmen, and notable writers.[citation needed] Carnegie greatly admired Spencer. However Spencer's Social Darwinism held philanthropy as unwise. Matthew Arnold Caricature from Punch, 1881: Admit that Homer sometimes nods, That poets do write trash, Our Bard has written Balder Dead, And also Balder-dash Family tree Matthew Arnold (24 December 1822 – 15 April 1888) was an English poet and cultural critic, who worked as an inspector of schools. ... For other persons named Herbert Spencer, see Herbert Spencer (disambiguation). ... Federal courts Supreme Court Circuit Courts of Appeal District Courts Elections Presidential elections Midterm elections Political Parties Democratic Republican Third parties State & Local government Governors Legislatures (List) State Courts Local Government Other countries Atlas  US Government Portal      For other uses, see President of the United States (disambiguation). ... Social Darwinism is the idea that Charles Darwins theory can be extended and applied to the social realm, i. ... Philanthropy is the act of donating money, goods, time, or effort to support a charitable cause, usually over an extended period of time and in regard to a defined objective. ...


Carnegie erected commodious swimming-baths for the people of his hometown in Dunfermline, Scotland in 1879. In the following year, Carnegie gave $40,000 for the establishment of a free library in Dunfermline. In 1884, he gave $50,000 to Bellevue Hospital Medical College (now part of New York University Medical Center) to found a histological laboratory, now called the Carnegie Laboratory. g unit ... A thin section of lung tissue stained with hematoxylin and eosin. ...


In 1881, Carnegie took his family, including his mother at age 70, on a trip to the United Kingdom. They toured Scotland by coach, and enjoyed several receptions en-route. The highlight for them all was a triumphal return to his native town of Dunfermline, where Carnegie's mother laid the foundation stone of a Carnegie Library for which he donated the money. Carnegie's criticism of British society did not mean dislike; on the contrary, one of Carnegie's ambitions was to act as a catalyst for a close association between the English-speaking peoples. To this end, in the early 1880s, he purchased numerous newspapers in England, all of which were to advocate the abolition of the monarchy and the establishment of "the British Republic". Carnegie's charm aided by his great wealth meant that he had many British friends, including Prime Minister William Ewart Gladstone. It has been suggested that this article or section be merged into Catalysis. ... For the documentary series, see Monarchy (TV series). ... A prime minister is the most senior minister of cabinet in the executive branch of government in a parliamentary system. ... William Ewart Gladstone (29 December 1809 – 19 May 1898) was a British Liberal Party statesman and Prime Minister (1868–1874, 1880–1885, 1886 and 1892–1894). ...


In 1886, Andrew Carnegie's younger brother Thomas died at age 43. Success in the business continued, however. While owning steel works, Carnegie had purchased at low cost the most valuable of the iron ore fields around Lake Superior. The same year Carnegie became a figure of controversy. Following his tour of the UK, he wrote about his experiences in a book entitled An American Four-in-hand in Britain. Although still actively involved in running his many businesses, Carnegie had become a regular contributor to numerous magazines, most notably the Nineteenth Century, under the editorship of James Knowles, and the influential North American Review, led by editor Lloyd Bryce. This heap of iron ore pellets will be used in steel production. ... For the Quebec municipality, see Lac-Supérieur. ... Sir James Knowles (1831 - February 13, 1908) was an English architect and editor. ... Lloyd Stephens Bryce (September 4, 1851 - April 2, 1917) was a U.S. Representative from New York. ...


In 1886 Carnegie wrote his most radical work to date, entitled Triumphant Democracy. Liberal in its use of statistics to make its arguments, the book argued his view that the American republican system of government was superior to the British monarchical system. It gave a highly favorable and idealized view of American progress and criticized the British royal family. The cover depicted an upended royal crown and a broken scepter. The book created considerable controversy in the UK. The book made many Americans appreciate their country's economic progress and sold over 40,000 copies, mostly in the U.S. Look up republic in Wiktionary, the free dictionary. ... For the documentary series, see Monarchy (TV series). ... Crown names several entities associated with monarchy: A crown (headgear), the headgear worn by a monarch, other high dignitaries, divinities etcetera. ...


In 1889, Carnegie published "Wealth" in the June issue of the North American Review. After reading it, Gladstone requested its publication in England, where it appeared as "The Gospel of Wealth" in the Pall Mall Gazette. The article was the subject of much discussion. Carnegie argued that the life of a wealthy industrialist should comprise two parts. The first part was the gathering and the accumulation of wealth. The second part was for the subsequent distribution of this wealth to benevolent causes. The philanthropy was key to making the life worthwhile. The Pall Mall Gazette was an evening newpaper founded in London February 7, 1865. ...


In 1898, Carnegie tried to arrange for independence for the Philippines. As the end of the Spanish American War neared, the United States bought the Philippines from Spain for $20 million USD. To counter what he perceived as imperialism on the part of the United States, Carnegie personally offered $20 million USD to the Philippines so that the Filipino people could buy their independence from the United States.[2] However, nothing came of this gesture and the Philippine-American War ensued. The Spanish-American War took place in 1898, and resulted in the United States of America gaining control over the former colonies of Spain in the Caribbean and Pacific. ... The United States dollar is the official currency of the United States. ... Language(s) Filipino, Bikol, Cebuano, English, Hiligaynon, Ilokano, Kapampangan, Pangasinan, Tagalog, Tausug, Waray-Waray, and over 100 others Religion(s) Predominantly Roman Catholic Various smaller Christian denominations Significant Muslim minority, Buddhist, others Related ethnic groups Dayak, Indonesian, Malaysian, and all Non-Muslim Indo-Malays Filipinos are the citizens of the... Belligerents United States Philippine Constabulary Philippine Scouts First Philippine Republic several groups post-1902 Commanders William McKinley Theodore Roosevelt Emilio Aguinaldo Miguel Malvar several unofficial leaders post-1902 Strength 126,000 soldiers[1] First Philippine Republic: 80,000 soldiers Casualties and losses ~5,000-7,000[1][2] ~12,000...


[edit] Industrialist

[edit] 1885–1900: Empire of Steel

Carnegie made his fortune in the steel industry, controlling the most extensive integrated iron and steel operations ever owned by an individual in the United States. One of his two great innovations was in the cheap and efficient mass production of steel rails for railroad lines. The second was in his vertical integration of all suppliers of raw materials. In the late 1880s, Carnegie Steel was the largest manufacturer of pig iron, steel rails, and coke in the world, with a capacity to produce approximately 2,000 tons of pig metal per day. In 1888, Carnegie bought the rival Homestead Steel Works, which included an extensive plant served by tributary coal and iron fields, a 425-mile (685 km) long railway, and a line of lake steamships. Carnegie combined his assets and those of his associates in 1892 with the launching of the Carnegie Steel Company. Two weights used in the theatre and made of pig iron; because of this, they are dubbed pig weights or simply pigs. ... Coke Coke is a solid carbonaceous material derived from destructive distillation of low-ash, low-sulfur bituminous coal. ... Two weights used in the theatre and made of pig iron; because of this, they are dubbed pig weights or simply pigs. ... This page is a candidate for speedy deletion. ... Coal Example chemical structure of coal Coal is a fossil fuel formed in ecosystems where plant remains were saved by water and mud from oxidization and biodegradation. ... The cargo vessels that work the Great Lakes are known as Lake freighters or Lakers. ... Carnegie-Illinois Steel blast furnaces in Etna, Pennsylvania (1941) Andrew Carnegie constructed a profitable steel mill at Braddock, Pennsylvania in the mid-1870s. ...


By 1889, the U.S. output of steel exceeded that of the UK, and Carnegie owned a large part of it. Carnegie's empire grew to include the J. Edgar Thomson Steel Works, (named for John Edgar Thomson, Carnegie's former boss and president of the Pennsylvania Railroad), Pittsburgh Bessemer Steel Works, the Lucy Furnaces, the Union Iron Mills, the Union Mill (Wilson, Walker & County), the Keystone Bridge Works, the Hartman Steel Works, the Frick Coke Company, and the Scotia ore mines. Carnegie, through Keystone, supplied the steel for and owned shares in the landmark Eads Bridge project across the Mississippi River at St. Louis, Missouri (completed 1874). This project was an important proof-of-concept for steel technology, which marked the opening of a new steel market. For other uses, see United States (disambiguation) and US (disambiguation). ... The Edgar Thomson Steel Works is a steel mill in Braddock, Allegheny County, Pennsylvania. ... John Edgar Thomson John Edgar Thomson (February 10, 1808 – May 27, 1874) was an American civil engineer, railroad executive and industrialist. ... The Eads Bridge under construction Eads Bridge is a combined road and railway bridge over the Mississippi River at St. ... For the river in Canada, see Mississippi River (Ontario). ... St. ...


[edit] 1901: U.S. Steel

In 1901, Carnegie was 66 years old and considering retirement. He reformed his enterprises into conventional joint stock corporations as preparation to this end. John Pierpont Morgan was a banker and perhaps America's most important financial deal maker. He had observed how efficiently Carnegie produced profit. He envisioned an integrated steel industry that would cut costs, lower prices to consumers and raise wages to workers. To this end, he needed to buy out Carnegie and several other major producers and integrate them into one company, thereby eliminating duplication and waste. He concluded negotiations on March 2, 1901, and formed the United States Steel Corporation. It was the first corporation in the world with a market capitalization in excess of $1 billion. John Pierpont Morgan (April 17, 1837 – March 31, 1913), American financier and banker, was born in Hartford, Connecticut, a son of Junius Spencer Morgan (1813–1890), who was a partner of George Peabody and the founder of the house of J. S. Morgan & Co. ... -1... Year 1901 (MCMI) was a common year starting on Tuesday (link will display calendar) of the Gregorian calendar (or a common year starting on Monday [1] of the 13-day-slower Julian calendar). ... The United States Steel Corporation (NYSE: X) is an integrated steel producer with major production operations in the United States and Central Europe. ...


The buyout, which was negotiated in secret by Charles M. Schwab (no relation to Charles R. Schwab, the brokerage house founder), was the largest such industrial takeover in United States history to date. The holdings were incorporated in the United States Steel Corporation, a trust organized by Morgan, and Carnegie retired from business. His steel enterprises were bought out at a figure equivalent to twelve times their annual earnings—$480 million (approximately $120 billion in 2007 dollars)[3]—which at the time was the largest ever personal commercial transaction. Charles Michael Schwab; the hand-written dedication is to Andrew Carnegie For the founder and CEO of the Charles Schwab Corporation brokerage firm, see Charles R. Schwab. ... Charles R. Schwab (born 1937) is the founder and CEO of the Charles Schwab Corporation. ...


Carnegie's share of this amounted to $225,639,000, which was paid to Carnegie in the form of 5%, 50-year gold bonds. The letter agreeing to sell his share was signed on February 26, 1901. On March 2, the circular formally filing the organization and capitalization (at $1,400,000,000—4% of U.S. national wealth at the time) of the United States Steel Corporation actually completed the contract. The bonds were to be delivered within two weeks to the Hudson Trust Company of Hoboken, New Jersey, in trust to Robert A. Franks, Carnegie's business secretary. There, a special vault was built to house the physical bulk of nearly $230,000,000 worth of bonds. It was said that "....Carnegie never wanted to see or touch these bonds that represented the fruition of his business career. It was as if he feared that if he looked upon them they might vanish like the gossamer gold of the leprechaun. Let them lie safe in a vault in New Jersey, safe from the New York tax assessors, until he was ready to dispose of them...." is the 57th day of the year in the Gregorian calendar. ... Year 1901 (MCMI) was a common year starting on Tuesday (link will display calendar) of the Gregorian calendar (or a common year starting on Monday [1] of the 13-day-slower Julian calendar). ... -1... Hoboken is a city in Hudson County, New Jersey, United States. ...


As they signed the papers of sale, Carnegie remarked, "Well, Pierpont, I am now handing the burden over to you." In return, Carnegie became one of the world's wealthiest men.


[edit] Retirement

[edit] 1901–1919: Philanthropist

Carnegie, right, with James Bryce, 1st Viscount Bryce
Carnegie, right, with James Bryce, 1st Viscount Bryce
A Carnegie library, Macomb, Illinois
A Carnegie library, Macomb, Illinois

Carnegie spent his last years as a philanthropist. From 1901 forward, public attention was turned from the shrewd business acumen which had enabled Carnegie to accumulate such a fortune, to the public-spirited way in which he devoted himself to utilizing it on philanthropic projects. He had written about his views on social subjects and the responsibilities of great wealth in Triumphant Democracy (1886) and Gospel of Wealth (1889). Carnegie bought Skibo Castle, in Sutherland, Scotland, and made his home partly there and partly in New York. He then devoted his life to providing the capital for purposes of public interest and social and educational advancement. Image File history File links James_Bryce,_1st_Viscount_Bryce_&_Andrew_Carnegie_-_Project_Gutenberg_eText_17976. ... James Bryce, right, with Andrew Carnegie; Bryce served as a trustee of the Carnegie Trust for the Universities of Scotland James Bryce, 1st Viscount Bryce, OM, GCVO, FRS, PC (May 10, 1838 - January 22, 1922), was a British jurist, historian and politician. ... Image File history File linksMetadata Download high resolution version (1200x800, 794 KB) Summary Macomb Public Library, donated by Andrew Carnegie, Macomb, Illinois, 2006. ... Image File history File linksMetadata Download high resolution version (1200x800, 794 KB) Summary Macomb Public Library, donated by Andrew Carnegie, Macomb, Illinois, 2006. ... Macomb is a city located in McDonough County, Illinois founded in 1831. ... A philanthropist is someone who engages in philanthropy; that is, someone who donates his or her time, money, or reputation to a charitable cause. ... The Gospel of Wealth was an essay written in 1889 by Andrew Carnegie that described the responsibility of philanthropy of the new upper class of self-made monopolists. ... Skibo Castle Andrew Carnegie at Skibo, 1914 Skibo Castle is located to the west of Dornoch in Sutherland, Highland, Scotland overlooking the Dornoch Firth. ... Sutherland (Cataibh in Gaelic) is a committee area of the Highland Council, Scotland, a registration county, and a lieutenancy area. ... This article is about the country. ...


He was a powerful supporter of the movement for spelling reform as a means of promoting the spread of the English language. The aim of spelling reform is to make spelling easier for learners and users by removing its difficulties. ... The English language is a West Germanic language that originates in England. ...


Among his many philanthropic efforts, the establishment of public libraries throughout the United States, the United Kingdom, and other English-speaking countries was especially prominent. Carnegie libraries, as they were commonly called, were built everywhere. The first was opened in 1883 in Dunfermline, Scotland. His method was to build and equip, but only on condition that the local authority matched that by providing a site and operating maintenance. To secure local interest, in 1885, he gave $500,000 to Pittsburgh for a public library, and in 1886, he gave $250,000 to Allegheny City for a music hall and library; and $250,000 to Edinburgh, Scotland, for a free library. In total Carnegie funded some 3,000 libraries, located in 47 states. Carnegie also built libraries in Canada and overseas in the United Kingdom including the Republic of Ireland, Australia, New Zealand, the West Indies, and Fiji. He also donated £50,000 to help set up the University of Birmingham in 1899.[4] Librarians and patrons in a typical larger urban public library. ... A Carnegie library, opened in 1913 in Cincinnati, Ohio, USA, designed in Spanish Colonial style Carnegie libraries for both public use and academic institutions were built with money donated by Scottish-American businessman Andrew Carnegie, earning him the nickname, the Patron Saint of Libraries. ... For other uses, see Edinburgh (disambiguation). ... The Caribbean or the West Indies is a group of islands in the Caribbean Sea. ... Website http://www. ...


As VanSlyck (1991) showed, the last years of the 19th century saw acceptance of the idea that free libraries should be available to the American public. But the design of the idealized free library was the subject of prolonged and heated debate. On one hand, the library profession called for designs that supported efficiency in administration and operation; on the other, wealthy philanthropists favored buildings that reinforced the paternalistic metaphor and enhanced civic pride. Between 1886 and 1917, Carnegie reformed both library philanthropy and library design, encouraging a closer correspondence between the two.


The Broome County Public Library in New York opened in October 1904. Originally called the Binghamton Public Library, it was created with a gift of $75,000 from Andrew Carnegie. The building was designed to serve as both a public library and a community center.


He gave $2 million in 1901 to start the Carnegie Institute of Technology (CIT) at Pittsburgh, and the same amount in 1902 to found the Carnegie Institution at Washington, D.C. He later contributed more to these and other schools. CIT is now part of Carnegie Mellon University. Carnegie served on the Board of Cornell University. The Carnegie Institute of Technology (Carnegie Tech), the predecessor to Carnegie Mellon University, was founded in 1900 by Andrew Carnegie as the Carnegie Technical Schools. ... The Carnegie Institution of Washington (CIW) is a foundation established by Andrew Carnegie in 1902 to support scientific research. ... Carnegie Mellon University (also known as CMU) is a private research university in Pittsburgh, Pennsylvania, United States. ... Cornell redirects here. ...


In Scotland, he gave $2 million in 1901 to establish a trust to assist education at Scottish universities, which resulted in his being elected Lord Rector of University of St. Andrews. He also donated large sums of money to Dunfermline, the place of his birth. In addition to a library, Carnegie also bought what is known as Pittencrief Park and opened it to all members of the public. It had previously been closed to the public. A statue of him stands there to this day.Carnegie was a large benefactor of the Tuskegee Institute under Booker Washington for African-American education. He helped Booker T. Washington create the National Negro Business League. The word rector (ruler, from the Latin regere) has a number of different meanings. ... University of St Andrews The University of St Andrews was founded between 1410-1413 and is the oldest university in Scotland and the third oldest in the United Kingdom. ... There is also the Tuskegee Airmen, a corps of African-American military pilots trained there during World War II Tuskegee University is an American institution of higher learning located in Tuskegee, Alabama. ... Booker T. Washington Booker Talifero Washington (April 5, 1856 _ November 15, 1915) was an African American educator born into slavery at the community of Hales Ford in Franklin County, Virginia. ... Languages Predominantly American English Religions Protestantism (chiefly Baptist and Methodist); Roman Catholicism; Islam Related ethnic groups Sub-Saharan Africans and other African groups, some with Native American groups. ... Booker Taliaferro Washington (April 5, 1856 – November 14, 1915) was an American educator, author and leader of the African American community. ... Wikipedia does not have an article with this exact name. ...


Carnegie also established large pension funds in 1901 for his former employees at Homestead and, in 1905, for American college professors. The latter fund evolved into TIAA-CREF. One critical requirement was that church-related schools had to sever their religious connections to get his money. TIAA-CREF is one of the largest financial services companies in the United States, with some $360 billion in assets under management as of Sept. ...


His interest in music led him to fund construction of 7,000 church organs. He built and owned Carnegie Hall in New York City. Carnegie Hall (generally pronounced )[3] is a concert venue in Midtown Manhattan in New York City located at 881 Seventh Avenue, occupying the east stretch of Seventh Avenue between West 56th Street and West 57th Street. ... New York, New York and NYC redirect here. ...


He founded the Carnegie Hero Fund for the United States and Canada in 1904 (a few years later also established in the United Kingdom, Switzerland, Norway, Sweden, France, Italy, the Netherlands, Belgium, Denmark, and Germany) for the recognition of deeds of heroism. Carnegie contributed $1,500,000 in 1903 for the erection of the Peace Palace at The Hague; and he donated $150,000 for a Pan-American Palace in Washington as a home for the International Bureau of American Republics. Carnegie Hero Fund was established to recognize persons who perform acts of heroism in civilian life in the United States and Canada, and to provide financial assistance for those disabled and the dependents of those killed helping others. ... The Peace Palace in The Hague, Netherlands The Peace Palace (Vredespaleis in Dutch), situated in The Hague, Netherlands, is often called the seat of international law because it houses the International Court of Justice (which is the principal judicial body of the United Nations), the Permanent Court of Arbitration, the... Hague redirects here. ...


Carnegie was honored for his philanthropy and support of the arts by initiation as an honorary member of Phi Mu Alpha Sinfonia Fraternity on October 14, 1917 at the New England Conservatory of Music in Boston, Massachusetts. The fraternity's mission reflects Carnegie's values by developing young men to share their talents to create harmony in the world. Phi Mu Alpha (ΦΜΑ) Sinfonia is a collegiate social fraternity for men of musicianly character. ... The New England Conservatory of Music (NEC) in Boston, Massachusetts is the oldest independent conservatory in the United States. ... Boston redirects here. ... This article is about the U.S. state. ...


By the standards of 19th century tycoons, Carnegie was not a particularly ruthless man, but the contrast between his life and the lives of many of his own workers and of the poor, in general, was stark. "Maybe with the giving away of his money," commented biographer Joseph Wall, "he would justify what he had done to get that money."[5] Joseph Frazier Wall was an American historian and professor of history at Grinnell College. ...


By the time he died, Carnegie had given away $350,695,653 (approximately $4.3 billion, adjusted to 2005 figures). At his death, his last $30,000,000 was likewise given away to foundations, charities, and to pensioners.


[edit] Controversies

[edit] 1889: Johnstown Flood

Carnegie was one of more than 60 wealthy members of the South Fork Fishing and Hunting Club, which was blamed for the Johnstown Flood that killed more than 2,200 people in 1889. The South Fork Fishing and Hunting Club Was a club composed of over 50 extremely wealthy men which operated an exclusive and secretive retreat at a mountain lake near South Fork, Pennsylvania. ... The Johnstown Flood disaster (or Great Flood of 1889 as it became known locally) occurred on May 31, 1889. ...


At the suggestion of his friend Benjamin Ruff, Carnegie's partner Henry Clay Frick had formed the exclusive South Fork Fishing and Hunting Club high above Johnstown, Pennsylvania. The charter members of the South Fork Fishing and Hunting Club were: Benjamin Ruff; T. H. Sweat; Charles J. Clarke; Thomas Clark; Walter F. Fundenberg; Howard Hartley; Henry C. Yeager; J. B. White; Henry Clay Frick; E. A. Myers; C. C. Hussey; D. R. Ewer; C. A. Carpenter; W. L. Dunn; W. L. McClintock; and A. V. Holmes. Henry Clay Frick Henry Clay Frick (December 19, 1849 – December 2, 1919) was an American industrialist and art patron. ...


The sixty-odd club members were the leading business tycoons of Western Pennsylvania and included among their number Frick’s best friend, Andrew Mellon, his attorneys Philander Knox and James Hay Reed, as well as Frick's business partner Andrew Carnegie. The Club members created what then me the world's largest earthen dam behind which formed a private lake called Lake Conemaugh. Less than 20 miles downstream from the dam sat the city of Johnstown, and Carnegie Steel's chief competitor (from whom Carnegie had hired away steelmaking expert Bill Jones), the Cambria Iron and Steel Company, which boasted the world's largest annual steel production. Mellon portrait Andrew William Mellon (March 24, 1855–August 27, 1937) was an American banker, industrialist, philanthropist, and Secretary of the Treasury from March 4, 1921 until February 12, 1932. ... Philander C. Knox Philander Chase Knox (May 6, 1853–October 12, 1921) was an American lawyer and politician who served as Attorney General and U.S. Senator and was Secretary of State from 1909-1913. ...


Poor maintenance, unusually high snowmelt and heavy spring rains combined to cause the dam to give way on May 31, 1889 resulting in the Johnstown Flood. When word of the dam's failure was telegraphed to Pittsburgh, Frick and other members of the South Fork Fishing and Hunting Club gathered to form the Pittsburgh Relief Committee for assistance to the flood victims as well as determining never to speak publicly about the club or the flood. This strategy was a success, and Knox and Reed were able to fend off all lawsuits that would have placed blame upon the club’s members. The Johnstown Flood disaster (or Great Flood of 1889 as it became known locally) occurred on May 31, 1889. ...


Although Cambria Iron and Steel's facilities were heavily damaged by the flood, they returned to full production within a year and a half. By that time, Carnegie's steel production had outstripped Cambria's. After the flood, Carnegie built Johnstown a new library to replace the one built for the city by Cambria's chief legal counsel Cyrus Elder. That library was swept away in the flood. The Carnegie-donated library is now owned by the Johnstown Area Heritage Association and is used to house the Flood Museum.


[edit] 1892: Homestead Strike

The Homestead Strike
The Homestead Strike

The Homestead Strike was a bloody labor confrontation lasting 143 days in 1892, one of the most serious in U.S. history. The conflict was centered around Carnegie Steel's main plant in Homestead, Pennsylvania, and grew out of a dispute between the National Amalgamated Association of Iron and Steel Workers of the United States and the Carnegie Steel Company. Image File history File links Homesteadstrike. ... Image File history File links Homesteadstrike. ... The Homestead Strike was a labor lockout and strike which began on June 30, 1892, culminating in a battle between strikers and private security agents on July 6, 1892. ... Homestead is a borough in Allegheny County, Pennsylvania, USA, in the Mon Valley, seven miles (11 km) southeast of downtown Pittsburgh but directly across the river from the city limit line. ...


Carnegie left for a trip to his Scottish homeland before the unrest peaked. In doing so, Carnegie left mediation of the dispute in the hands of his associate and partner Henry Clay Frick. Frick was well known in industrial circles for maintaining staunch anti-union sensibilities. Henry Clay Frick Henry Clay Frick (December 19, 1849 – December 2, 1919) was an American industrialist and art patron. ...


The company had attempted to cut the wages of the skilled steel workers. When the workers refused the pay cut, management locked the union out. Workers considered the stoppage a "lockout" by management and not a "strike" by workers. As such, the workers would have been well within their rights to protest, and subsequent government action would have been a set of criminal procedures designed to crush what was seen as a pivotal demonstration of the growing labor rights movement, strongly opposed by management. Frick brought in thousands of strikebreakers to work the steel mills and Pinkerton agents to safeguard them. A lockout is a work stoppage in which an employer prevents employees from working. ... Pinkerton guards escort strikebreakers in Buchtel, Ohio, 1884 The Pinkerton National Detective Agency, usually shortened to the Pinkertons, was a private U.S. security guard and detective agency established by Allan Pinkerton in 1850. ...


On July 6, the arrival of a force of 300 Pinkerton agents from New York City and Chicago resulted in a fight in which 10 men—seven strikers and three Pinkertons—were killed and hundreds were injured. Pennsylvania Governor Robert Pattison ordered two brigades of state militia to the strike site. Then, allegedly in response to the fight between the striking workers and the Pinkertons, anarchist Alexander Berkman shot at Frick in an attempted assassination. He only wounded Frick. While not directly connected to the strike, Berkman was tied in for the assassination attempt. Afterwards, the company successfully resumed operations with non-union immigrant employees in place of the Homestead plant workers, and Carnegie returned to the United States. However, Carnegie's reputation was permanently damaged by the Homestead events. is the 187th day of the year (188th in leap years) in the Gregorian calendar. ... For other uses, see Chicago (disambiguation). ... Categories: People stubs | 1850 births | 1904 deaths | Governors of Pennsylvania ... Anarchist redirects here. ... Alexander Berkman, 1892 Alexander Berkman (November 21, 1870 – June 28, 1936) was a Russian-American writer and a leading member of the anarchist movement of the 19th and early 20th centuries. ...


[edit] Philosophy

[edit] On Wealth

Carnegie at Skibo Castle, 1914
Carnegie at Skibo Castle, 1914

Carnegie wrote "The Gospel of Wealth", an article in which he stated his belief that the rich should use their wealth to help enrich society. Image File history File links Andrew_Carnegie_at_Skibo_1914_-_Project_Gutenberg_eText_17976. ... Image File history File links Andrew_Carnegie_at_Skibo_1914_-_Project_Gutenberg_eText_17976. ... The Gospel of Wealth was an essay written by Andrew Carnegie in 1889 that described the responsibility of philanthropy by the new upper class of self-made rich. ...


The following is taken from one of Carnegie's memos to himself:

Man does not live by bread alone. I have known millionaires starving for lack of the nutriment which alone can sustain all that is human in man, and I know workmen, and many so-called poor men, who revel in luxuries beyond the power of those millionaires to reach. It is the mind that makes the body rich. There is no class so pitiably wretched as that which possesses money and nothing else. Money can only be the useful drudge of things immeasurably higher than itself. Exalted beyond this, as it sometimes is, it remains Caliban still and still plays the beast. My aspirations take a higher flight. Mine be it to have contributed to the enlightenment and the joys of the mind, to the things of the spirit, to all that tends to bring into the lives of the toilers of Pittsburgh sweetness and light. I hold this the noblest possible use of wealth.

In 1908, he commissioned (at no pay) Napoleon Hill, then a journalist, to interview more than 500 wealthy achievers to find out the common threads of their success. Hill eventually became a Carnegie collaborator. Their work was published in 1928 after Carnegie's death in Hill's book The Law of Success (ISBN 0-87980-447-5) and in 1937, Think and Grow Rich (ISBN 1-59330-200-2). The latter has not been out of print since it was first published and has sold more than 30 million copies worldwide. In 1960, Hill published an abridged version of the book containing the Andrew Carnegie formula for wealth creation. For years it was the only version generally available. In 2004, Ross Cornwell published Think and Grow Rich!: The Original Version, Restored and Revised (Second Printing 2007), which restored the book to its original content, with slight revisions, and added comprehensive endnotes, an index, and an appendix. Napoleon Hill (October 26, 1883–November 8, 1970) was an American author who was one of the earliest producers of the modern genre of personal-success literature. ... -- Napoleon Hill Napoleon Hill (October 26, 1883-November 8, 1970) was an American author who is widely recognized as the founder of the modern genre of personal success literature. ... Think and Grow Rich! (ISBN 1-59330-200-2) is a classic motivational book. ...


[edit] Religion and World View

Witnessing the sectarianism and strife in 19th century Scotland regarding religion and philosophy, Carnegie kept his distance from organized religion and theism.[6] Carnegie instead preferred to see things through naturalistic and scientific terms stating, "Not only had I got rid of the theology and the supernatural, but I had found the truth of evolution." [7]


Towards the end of his life though it seems that Carnegie embraced religion to the point that he gave a large number of pipe organs to churches.[8]


Carnegie eventually came to identify himself as a positivist. He held much hope for humanity in what may be termed a humanistic view on life, shaped also by the Scottish values with which he was raised. After the outbreak of the First World War and its slaughter, Carnegie underwent a crisis of ideology in his positivist views. This is a disambiguation page — a navigational aid which lists other pages that might otherwise share the same title. ... Ypres, 1917, in the vicinity of the Battle of Passchendaele. ...


[edit] Writings

Carnegie was a frequent contributor to periodicals on labour issues.


In addition to Triumphant Democracy (1886), The Gospel of Wealth (1889) and The Law of Success (1928), other publications by him were An American Four-in-hand in Britain (1883), Round the World (1884), The Empire of Business (1902), a Life of James Watt (1905) and Problems of To-day (1907). The Gospel of Wealth was an essay written by Andrew Carnegie in 1889 that described the responsibility of philanthropy by the new upper class of self-made rich. ... -- Napoleon Hill Napoleon Hill (October 26, 1883-November 8, 1970) was an American author who is widely recognized as the founder of the modern genre of personal success literature. ...


[edit] Legacy and honours

Stain Glass dedicated to Andrew Carnegie in the National Cathedral
Stain Glass dedicated to Andrew Carnegie in the National Cathedral
  • The dinosaur Diplodocus carnegiei (Hatcher) was named for Andrew Carnegie after he sponsored the expedition that discovered its remains in the Morrison Formation (Jurassic) of Utah. Carnegie was so proud of “Dippi” that he had casts made of the bones and plaster replicas of the whole skeleton donated to several museums in Europe. The original fossil skeleton is assembled and stands in the Hall of Dinosaurs at the Carnegie Museum of Natural History in Pittsburgh.
  • After the Spanish American War, Carnegie offered to donate $20 million USD to the Philippines so they could buy their independence.
  • Carnegie, Pennsylvania, and Carnegie, Oklahoma, were named in his honor.
  • The Saguaro cactus's scientific name, Carnegiea, is named after him.
  • The Carnegie Medal for the best children's literature published in the UK was established in his name.
  • Carnegie Hall in New York was named after Andrew Carnegie in his lifetime.
  • At the height of his career, Carnegie was the second-richest person in the world, behind only John D. Rockefeller of Standard Oil.

Washington National Cathedral was the site of two Presidential state funerals: for Dwight D. Eisenhower and Ronald W. Reagan, and a presidential burial in the cathedral mausoleum: Woodrow Wilson. ... For the extinct amphibian, see Diplocaulus. ... The Morrison Formation is a distinctive body of rock in the western United States and Canada that has been the most fertile source of fossils in North America. ... The Jurassic Period is a major unit of the geologic timescale that extends from about 199. ... This article is about the U.S. state. ... For other uses, see Europe (disambiguation). ... The Carnegie Museums of Pittsburgh are operated by the Carnegie Institute and located in Pittsburgh, Pennsylvania. ... Carnegie is a borough located in Allegheny County, Pennsylvania. ... Carnegie is a town in Caddo County, Oklahoma, United States. ... For the Palm OS program, see Saguaro(Palm OS). ... The Carnegie Medal in Literature was established in the UK in 1936 in honour of Scottish philanthropist Andrew Carnegie. ... Carnegie Hall (generally pronounced )[3] is a concert venue in Midtown Manhattan in New York City located at 881 Seventh Avenue, occupying the east stretch of Seventh Avenue between West 56th Street and West 57th Street. ... This article is about the state. ... John Davison Rockefeller, Sr. ... Standard Oil was a predominant integrated oil producing, transporting, refining, and marketing company. ...

[edit] See also