Andrew Carnegie Research Paper

Andrew Carnegie a philanthropist and industrialist was born on November 25, 1835, in Dunfermline, Fife, Scotland. Born in a household that prioritized the importance of reading and learning, Carnegie became the wealthiest man that Americans know today. To achieve the title of a wealthy man, Carnegie immigrated with his family into America in 1848, when he was just thirteen years of age. The family settled in Allegheny, Pennsylvania and worked in a nearby factory, earning about $1.20 a week. The money that Carnegie earned did not satisfy his eager to become successful in the land of opportunities. Followed by his eager to become successful, he started working as a telegraph messenger, hoping to advance his career. After being promoted as a telegraph

By 1901, Carnegie decided to change his lifestyle by retiring and contributing to society. Even though Carnegie was a man known by establishing public libraries and donating, Carnegie expanded his efforts by donating more that five million to New York Public Library and establishing institutes such as the Carnegie Institute of Technology in Pittsburgh (Carnegie-Mellon University) in 1904. The following year, he established a foundation in 1905, known as the Carnegie Foundation for the Advancement for Teaching. Carnegie didn`t stop there. In 1910, Carnegie established the Carnegie Endowment for International Peace in 1910. Carnegie`s donation reached a whopping number of $150 million and as a result, 2,800 libraries were able to open it`s doors. Andrew Carnegie is well known for his book called “The Gospel of Wealth”, which outlined his view on wealth and quotes “great wealth must be socially responsible and use their assets to help

This was because monopolistic behavior was not regarded as a good thing, because it destroyed other companies. In 1890, the Congress passed the Sherman Antitrust Act and two years after that, the Supreme Court of Ohio judged that the Standard Oil Company as a monopoly that was deemed a violation of the law of Ohio. Rockefeller as a result made his decision on dissolving his company and allowed his property to be run by others. Rockefeller became a Baptist and kept himself busy by charity events, which earned him the title of one of the most respected philanthropists in history of America. His donations helped in establishing the University of Chicago and also helped establish the Rockefeller Institute for Medical Research (Rockefeller University) and the Rockefeller Foundation. By the time of his death, his donations estimated around $530