Andrew Carnegie Would Have Been 175 Today
It’s been 175 years since the birth of the renown businessman Andrew Carnegie (November 25, 1835 – August 11, 1919).
He was a Scottish American indurstrialist, businessman,philathropist and entrepreneur. Born in Dundermline, Scotland, Carnegie migrated to the United States and tried on a few jobs, before he created his own company. He started off as a telegrapher, but made his fortune out of the steel industry, creating the Carnegie Steel Company, in the 1870’s. After that he was considered to be one of the captains of indurstry. The company soon became the largest and most profitable enterprisein the world. Eventually, Carnegie sold the company to J.P.Morgan in 1901 and he turned it into U.S. Steel.
Carnegie made a fortune out of his businesses and turned to philanthropy , founding the Carnegie Corporation of New York, Carnegie Endowment for International Peace, Carnegie Institution of Washington, Carnegie Mellon University and the Carnegie Museums of Pittsburgh. Most of his money were donated for schools, universities or libraries to the US and UK. He also made pension funds for his former employees. He is considered to be the second richest man in history, after John D. Rockefeller.11
