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Contents contributed and discussions participated by Justin Lee

Justin Lee

Carnegie Corporation - About - 0 views

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    Andrew Carnegie was born in Dunfermline, Scotland, on November 25, 1835. The son of a weaver, he came with his family to the United States in 1848 and settled in Allegheny, Pennsylvania. At age thirteen, Carnegie went to work as a bobbin boy in a cotton mill. He then moved rapidly through a succession of jobs with Western Union and the Pennsylvania Railroad. In 1865, he resigned to establish his own business enterprises and eventually organized the Carnegie Steel Company, which launched the steel industry in Pittsburgh. At age sixty-five, he sold the company to J. P. Morgan for $480 million and devoted the rest of his life to his philanthropic activities and writing, including his autobiography. Many persons of wealth have contributed to charity, but Carnegie was perhaps the first to state publicly that the rich have a moral obligation to give away their fortunes. In 1889 he wrote The Gospel of Wealth, in which he asserted that all personal wealth beyond that required to supply the needs of one's family should be regarded as a trust fund to be administered for the benefit of the community. Carnegie set about disposing of his fortune through innumerable personal gifts and through the establishment of various trusts. In his thirties, Carnegie had already begun to give away some of his fast-accumulating funds. His first large gifts were made to his native town. Later he created seven philanthropic and educational organizations in the United States, including Carnegie Corporation of New York, and several more in Europe. One of Carnegie's lifelong interests was the establishment of free public libraries to make available to everyone a means of self-education. There were only a few public libraries in the world when, in 1881, Carnegie began to promote his idea. He and the Corporation subsequently spent over $56 million to build 2,509 libraries throughout the English-speaking world. After termination of this program in 1917, the Corporation continued for about forty ye
Justin Lee

Andrew Carnegie - 0 views

  • Born: November 25, 1835Died: August 11, 1919Andrew Carnegie's life was a true "rags to riches" story. Born to a poor Scottish family that immigrated to the United States, Carnegie became a powerful businessman and a leading force in the American steel industry. Today, he is remembered as an industrialist, millionaire, and philanthropist. Carnegie believed that the wealthy had an obligation to give back to society, so he donated much of his fortune to causes like education and peace.
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    Andrew Carnegie
Justin Lee

Andrew Carnegie - Wikipedia, the free encyclopedia - 0 views

  • 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 objects. His views on social subjects and the responsibilities which great wealth involved were already known from Triumphant Democracy (1886), and from his Gospel of Wealth (1889). He acquired Skibo Castle, in Sutherland, Scotland, and made his home partly there and partly in New York. He then devoted his life to the work of providing the capital for purposes of public interest and social and educational advancement.
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    Andrew Carnegie
Justin Lee

The American Experience | Andrew Carnegie | People & Events | Andrew Carnegie - 0 views

shared by Justin Lee on 07 Apr 08 - Cached
  • Carnegie was born in Dunfermline, the medieval capital of Scotland, in 1835. The town was a center of the linen industry, and Andrew's father was a weaver, a profession the young Carnegie was expected to follow. But the industrial revolution that would later make Carnegie the richest man in the world, destroyed the weavers' craft. When the steam-powered looms came to Dunfermline in 1847 hundreds of hand loom weavers became expendable. Andrew's mother went to work to support the family, opening a small grocery shop and mending shoes.
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    Andrew Carnegie
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