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Transcript of Andrew Carnegie
His father (Will Carnegie) was a handloom weaver, and was not wealthy to any stretch of the imagination.
His mother (Margaret Morrison) opened a small grocery store and mended shoes to help the family.
In 1848, the Carnegie family immigrated to the United States and settled in Pittsburgh, Pennsylvania.
He stopped schooling when he was 13 to work and provide for his family. At the age of 13 he worked as a bobbin boy in a loom factory to only make about $1.20 a week.
He was one of only three people that could directly translate morse code by ear instead of dots and dashes.
He invested in Woodruff Sleeping Car Company, which manufactured railway sleeping cars.
In 1865, he organized the Keystone Bridge Company.
In 1873, he opened his first steel plant.
One year later, he opened his steel furnace at Braddock. He asked people such as Henry Frick to make an investment with the company to get things started.
By 1889, Carnegie Steel Corporation was the largest of its kind in the world. Carnegie thought education was of the utmost importance, he was always at the library expanding his knowledge. He died at Shadowbrook, his estate in Berkshire Hills of Massachusettes.
Best known for his gifts of free public library buildings (in Scotland and United States).
Donated to churches all around.
Established colleges, schools, nonprofit organizations and associations.
Founded Carnegie Mellon University and Carnegie Music Hall in New York City.
Carnegie Foundation for the Advancement of Teaching in 1905.
With his strong interest to peace, he formed the Carnegie Endowment for International Peace in 1910.
After his death, in 1919, he left $350million to be given to charities, organizations, and institutions. In his later life, he went back to Scotland quite often to spend time on his estate there during WWI. "Gospel of Wealth" This was an essay Carnegie wrote describing the responsibility of the self-made rich upper class. The main idea of Carnegie's essay was the upper class allowing large sums of money to be given to the less fortunate or the poor organizations. His donated money helped to build over 2,500 public libraries. He believed that one should keep only the money required for his family; the rest one earns should be used for the betterment of society. The last entry in his autobiography was the first day of World War I. In 1892, Carnegie Steel Corp. tried to lower wages at a steel plant in Homestead, Pennsylvania, the employees objected. They refused to work. This became known as the Homestead Strike of 1892.
People felt that the success of his company was due to him being unfair to his workers with pay and treating them terrible.
The conflict between the workers and managers eventually turned violent after the managers called in guards to break up the union. Even though Carnegie was away at the time of strike, he was still held accountable for their actions. Homestead Strike (1892) Bibliography RANDOM FACTS! "Andrew Carnegie Biography - Biography.com." Biography.com. N.p., n.d. Web. 1 October 2012. <http://www.biography.com/articles/Carnegie-Andrew-9238756>.
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"Carnegie Corporation of New York: About Andrew Carnegie." Carnegie Corporation of New York: Home. N.p., n.d. Web. 1 October 2012. <http://carnegie.org/about-us/foundation-history/about-andrew-carnegie/>.
"Andrew Carnegie Biography - life, family, history, mother, son, old, information, born, contract, house, time." Encyclopedia of World Biography. N.p., n.d. Web. 2 October 2012. <http://www.notablebiographies.com/Ca-Ch/Carnegie-Andrew.html>.
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"American Experience . The Richest Man in the World: Andrew Carnegie . People & Events | Andrew Carnegie | PBS." PBS: Public Broadcasting Service. N.p., n.d. Web. 3 October 2012. <http://www.pbs.org/wgbh/amex/carnegie/peopleevents/pande01.html>.
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"American Experience . The Richest Man in the World: Andrew Carnegie . People & Events | Andrew Carnegie | PBS." PBS: Public Broadcasting Service. N.p., n.d. Web. 3 October 2012.
<http://www.pbs.org/wgbh/amex. *HIS MOST IMPORTANT CONTRIBUTION*
The Bessemer process, he recreated the industrial steel making process in America using this method. In 1901, he sold his steel company to J.P. Morgan. The company was valued at around $408 million. *More than just a millionaire*