Andrew Carnegie began working at the age of 13 in a cotton mill for $1.20 a week. In 1853, Carnegie became a personal secretary and telegrapher to Thomas Scott, superintendent and later president of Pennsylvania Railroad. About twelve years later, Carnegie quit the railroad business to focus on iron and bridge building, oil and the sale of railroad bonds.
In 1882, Carnegie bought Homestead Ironworks from Pittsburgh Bessemer Steel Company. Later in 1892, the Carnegie Steel Company was created, and by 1900 it produced 1/4th of the nation’s steel. In 1901, Carnegie sold the company to J.P. Morgan for $480 million, which became the U.S. Steel Corporation. The U.S. Steel Corporation was the nation’s first billion dollar company. In 1889, Carnegie …show more content…
He believed that the less fortunate would put the money to frivolous things that would not actually help the communities. Carnegie wrote the “Gospel of Wealth” to urge other people of wealth to give back to their communities by doing it themselves. In the “Gospel of Wealth,” Carnegie’s opinion was that the rich and the poor are similar, and you cannot have one without the other. In the “Gospel of Wealth,” Carnegie stated that, “luxuries have become the necessaries of life… Laborer has now more comforts than the farmer had a few generations ago… Farmer has more luxuries than the landlord had, and is more richly clad and better housed… Landlord has books and pictures rarer and appointments more artistic than the king could then obtain.” Carnegie said that to show how far we have come and how things change over time. Years before, people would have paid ten times the price for something that later became common. Carnegie believed that the money would go farther and be used better if given to a few, rather than giving small amounts to many …show more content…
Carnegie states that, “The best means of benefitting the community is to place within its reach the ladders upon which the aspiring can rise… Free libraries, parks, and means of recreation, by which men are helped in body and mind… Works of art, certain to give pleasure and improve the public taste… Public institutions of various kinds, which will improve the general condition of people… Returning surplus wealth to the mass… Forms best calculated…Lasting good.” Andrew Carnegie personally put his money toward Carnegie Mellon University, Tuskegee Institute, New York Public Library, and more than 2,800 libraries were opened with his support (Biography.com). Carnegie did not put his money toward shopping centers, or building himself a bigger home; he put his money to helping people become more intelligent and give them the chance to become wealthy like
In 1882, Carnegie bought Homestead Ironworks from Pittsburgh Bessemer Steel Company. Later in 1892, the Carnegie Steel Company was created, and by 1900 it produced 1/4th of the nation’s steel. In 1901, Carnegie sold the company to J.P. Morgan for $480 million, which became the U.S. Steel Corporation. The U.S. Steel Corporation was the nation’s first billion dollar company. In 1889, Carnegie …show more content…
He believed that the less fortunate would put the money to frivolous things that would not actually help the communities. Carnegie wrote the “Gospel of Wealth” to urge other people of wealth to give back to their communities by doing it themselves. In the “Gospel of Wealth,” Carnegie’s opinion was that the rich and the poor are similar, and you cannot have one without the other. In the “Gospel of Wealth,” Carnegie stated that, “luxuries have become the necessaries of life… Laborer has now more comforts than the farmer had a few generations ago… Farmer has more luxuries than the landlord had, and is more richly clad and better housed… Landlord has books and pictures rarer and appointments more artistic than the king could then obtain.” Carnegie said that to show how far we have come and how things change over time. Years before, people would have paid ten times the price for something that later became common. Carnegie believed that the money would go farther and be used better if given to a few, rather than giving small amounts to many …show more content…
Carnegie states that, “The best means of benefitting the community is to place within its reach the ladders upon which the aspiring can rise… Free libraries, parks, and means of recreation, by which men are helped in body and mind… Works of art, certain to give pleasure and improve the public taste… Public institutions of various kinds, which will improve the general condition of people… Returning surplus wealth to the mass… Forms best calculated…Lasting good.” Andrew Carnegie personally put his money toward Carnegie Mellon University, Tuskegee Institute, New York Public Library, and more than 2,800 libraries were opened with his support (Biography.com). Carnegie did not put his money toward shopping centers, or building himself a bigger home; he put his money to helping people become more intelligent and give them the chance to become wealthy like