Rockefeller and Andrew Carnegie were all very wealthy Americans who have had this term used to describe them.
Biography magazine, It is good to get rich, Andrew Carnegie believed: It's also good, he said, for rich people to return big chunks of their wealth to society. He gave much of his stash to libraries, higher education, and scientific research, and he created endowments and pensions for worthy folks, allowing them to do their best work.
He also contributed a lot of money to the cause of international peace, and was confident, to the point of bubbly optimism, that his investment would pay off. Europe smashed itself to pieces in the First World War, and Carnegie died a disappointed man.
|Andrew Carnegie||Failure of Capitalism in Dr. Andrew Carnegie Failure of Capitalism in Dr.|
|The New Tycoons: Andrew Carnegie [timberdesignmag.com]||He was also one of the most important philanthropists of his era. Young Andrew began work at age 12 as a bobbin boy in a cotton factory.|
The correct pronunciation of the family name is car-NAY-ghee. The household was socially conscious and historically aware, conducting spirited discussions around the hearth of elections and economics, of the bravery of William Wallace and Robert the Bruce, the humanity of Robert Burns, the historical resonance of Walter Scott, and above all, of the need to make the world a better place.
The path to societal improvement, said the Carnegie elders, was radical action. From boyhood, Carnegie was fair-to-bursting with a need to remake the world.
His father William was an activist in the Chartist movement, a crusade by workers against control of Parliament by the aristocracy. At no other period in modern British history have the common people been so persistently, profoundly, and often desperately, dissatisfied.
When William Carnegie lost his job in the late s, the family emigrated to the U. Andy soon quit school and plunged cheerfully into the world of work, finding employment in a cotton mill, followed by jobs in telegraphy and railroads.
Byat age 24, he was a divisional superintendent for the Pennsylvania Railroad. He brought intelligence to his work, and imagination, and a vigor that allowed him to move mountains and to irritate the heck out of his co-workers.
The phrase rings like steel drums through the life of Andrew Carnegie. He possessed as much energy and drive and ego as anyone of his time.
A war prosperity was underway. Carl Sandburg, in his biography of Abraham Lincolnquotes a wealthy Boston merchant of the era: Getting money felt good, but chasing the buck was not his chief passion.
Deep in his bones was a memory of sitting near the fire as a boy listening to his elders talk of noble and defiant deeds. He articulated his idealism inat age 33, writing a private note to himself with instructions to quit business within two years, get an education, become a crusading newspaper publisher, and change the world for the better.
Further dalliance with filthy lucre, he said, would be degrading. This plan didn't work out - the money kept pouring in; he couldn't just walk away from it - but he never forgot the note.
After the Civil War Carnegie got interested in the rapidly-developing field of steelmaking, and decided, after considerable study, that he could manufacture high-quality steel bars for less than other entrepreneurs. He built his first mill on the outskirts of Pittsburgh in and filled it with energy and creativity.The Gospel of Wealth, by Andrew Carnegie, Is a Politically Incorrect Assessment of Wealth in America from One of the Greatest Philanthropists and Industrialists of All Time.
Learn from His Experience and Uncommon Wisdom. Early Life Andrew Carnegie was born at Drumferline, Scotland on November 25, When Andrew was 13 his family emigrated to America and settled near Pittsburgh, Pennsylvania.
Andrew Carnegie's philanthropy continues to grow as the years pass. The original endowment in to the Carnegie Corporation of New York of $ million was worth over $ billion in early despite the millions of dollars given away each year. Jul 08, · It was the height of the Gilded Age in , and Andrew Carnegie, a pioneer in the steel industry, laid out why he would be donating the bulk of his wealth to .
Andrew Carnegie’s birthplace, Dunfermline, was Scotland's historic medieval capital. Later famous for producing fine linen, the town fell on hard times when industrialism made home-based weaving obsolete, leaving workers such as Carnegie’s father, Will, hard pressed to support their families.
Joseph F. Wall, Andrew Carnegie (), is the most recent life and very full; it is also critical of Carnegie as a businessman. Louis M. Hacker, The World of Andrew Carnegie, (), describes the times in which Carnegie flourished.