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Andrew Carnegie Facts

Andrew Carnegie Facts
Andrew Carnegie was a Scottish-American philanthropist, industrialist and businessman. He was born November 25, 1835, in Dunfermline, Fife, Scotland, to William Carnegie and Margaret Morrison Carnegie. Andrew was educated at Dunfermline's Free School. His uncle George Lauder Sr. inspired him to read works by Rob Roy, Robert the Bruce, and Robert Burns. His uncle's son would later become Andrew's business partner. In 1848 Andrew emigrated to the U.S. and began working as a telegrapher. His fortune began growing as a bond a salesman. In 1901 Andrew sold Carnegie Steel Company to J.P. Morgan for $480 million, making him richer than J.D. Rockefeller for a few years.
Interesting Andrew Carnegie Facts:
When Andrew first emigrated to the U.S. with his parents in 1848 he began working as a telegrapher but soon was investing in railroads and bridges and oil derricks.
Andrew Carnegie built Pittsburgh's Carnegie Steel Company and later sold it for $480 million. This became the U.S. Steel Company after the sale.
Following the sale of the Pittsburgh Steel Company Andrew Carnegie devoted his life to philanthropy.
Andrew Carnegie's philanthropy focused on scientific research, world peace, education, and local libraries.
In 1889 Andrew Carnegie wrote an article titled 'The Gospel of Wealth'. This article suggested that the wealthy should use their money to improve society and stimulate philanthropy.
Andrew Carnegie used his fortune to build several important landmarks and legacies including New York City's Carnegie Hall, the Peace Palace, Carnegie Museums of Pittsburg, and Carnegie Mellon University.
Andrew Carnegie founded the Carnegie Corporation of New York, Carnegie Institution for Science, Carnegie Trust for the Universities of Scotland, Carnegie Endowment for International Peace, and the Carnegie Hero Fund.
Andrew Carnegie supported the annexation of Puerto Rico and Hawaii but not of the Philippines.
Andrew Carnegie was not heavily involved in organized and theism and tended to keep his distance.
Andrew Carnegie did not believe that the government should be involved as a sponsor in charities or in commerce.
Andrew Carnegie believed that unions blocked evolutionary progress because they pushed up costs and impeded natural price reduction.
Andrew Carnegie gave $2 million to the Pittsburgh Carnegie Institute of Technology in 1900 and another $2 million to the Carnegie Institution in Washington, D.C. in 1902.
Andrew Carnegie established the Carnegie Trust for the Universities of Scotland in 1901 with $10 million.
In 1913 Andrew Carnegie gave $10 million to the grant foundation the Carnegie United Kingdom Trust in 1913.
Andrew Carnegie established a pension fund in 1901 for his Homestead employees. He established another pension for college professors in the U.S. in 1905.
In 1917 Andrew Carnegie was honored by the Phi Mu Alpha Sinfonia fraternity at Boston's New England Conservatory of Music for his support of the arts and his philanthropy. The mission of the fraternity is to encourage and develop young men to create world harmony through their talents.
Andrew Carnegie died at his Shadow Brook estate in Lenox, Massachusetts on August 11, 1919. By the time of his death he had given away more than $350 million and the remaining $30 million was given away to charities, pensioners and foundations.


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