Andrew Carnegie was an Entrepreneur and a Philanthropist. He was born in Dunfermline, Scotland in the United Kingdom. He was born on November 25, 1835. He passed away on August 11, 1919 at the age of 84 in Lenox, Massachusetts. Andrew had little or no formal education, but he grew up in a family that had beliefs in knowing the importance of books and learning. His father was handloom weaver by trade. Andrew Carnegie was best known for being a self-made steel tycoon and he was one of the wealthiest 19th century Unites States businessmen. He donated a great deal of his money to help the expansion of the New York Public Library.
Andrew moved to the United States at the age of 13 with his family. They set down their roots in Allegheny, Pennsylvania. At this time he went to work in a factory only making $1.20 a week. Hoping to advance his career the next year he started working as a telegraph operator in 1851. Then in 1853 ...view middle of the document...
Then in 1889 he owned Carnegie Steele Corporation. This business focused on revolutionizing steel production in the United States. He was able to build plants around the country. He was able to do this by using technology and methods that made manufactory steel easier, faster and more productive. Andrew owned exactly everything that he needed for producing the steel from the raw materials, the ships and railroads that was needed for transporting the goods and he even owned the coal fields to fuel the steel furnaces. By having this process he became the dominate force in the industry and around the world. This made him known as the one of the “America’s Builders”. His business helped fuel the economy and shape this nation into what it is today. This company was one of the largest in the world during this time period. Unfortunately, some people felt that success of the company was due at the expense of the workers. In 1892, the company tried to lower the wages of the workers and of course the employee’s rejected this. They refused to work and the workers went on strike what was known as the Homestead Strike. During the strike the conflict between the employees and the managers became violent and the guards were called in to break up the union. People blame Andrew for the strike, even though he was away during most of the time the strike was going on.
Then in 1901 he sold the business and wanted to dedicate his time to expanding his philanthropic work. The sale of this business made Carnegie more than $200 million. When he was 65 years old he decided to spend the rest of his days helping others. Andrew was an avid reader and donated $5 million to the New York Public Library so they could open up several branches. He was also able to establish the Carnegie-Mellon University in 1904.
Andrew was a great businessman and loved to work in charitable organizations, he also loved to travel. He also enjoyed meeting and entertaining leading figures in many different fields. He had made friends with Mark Twain, Matthew Arnold, William Gladstone, and Theodore Roosevelt. During this time he wrote several books and many articles.