Andrew Carnegie And The Gospel Of Wealth

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Andrew Carnegie was an industrialist from Scotland,who in America became rich by selling his steel company to J.P. Morgan for $450 million in 1901. Carnegie published the “Gospel of Wealth” which gave the idea that the wealthy should be distributing their wealth to help the community. Carnegie himself retired and set out to distribute his wealth into libraries and other things that helped humanity. Andrew wanted to achieve world peace, he gave enormous funds to advance knowledge and understanding, and he created the idea of the wealthy using their riches to promote the welfare and happiness of others. Andrew Carnegie is the best choice for the History Hall of Fame because of the constant support he gave to the future of humanity during his…show more content…
Carnegie believed in the value of books and learning, and eventually he would display the traits of the modern entrepreneur. In 1848 Carnegie came to the United States with his family, and started working from job to job while learning about business and about the railroad from a mentor, and one of the railroads top officials at the time, Thomas Scott (biography.com). Carnegie left the railroad in 1865 to focus on other interests, mostly on his business and investments. Carnegie created the Carnegie Steel Company which revolutionized steel production and eventually made him the richest man in the world at that time, and by 1889 Carnegie Steel Corporation was one of the largest corporations in the world. Carnegie was able to control the aspects of steel production like the raw materials, ships and railroads for transportation, and the coal fields to fuel his machines (biography.com). In 1901 Andrew Carnegie sold his business to the United States Steel Corporation for 450 million dollars, and he turned his life towards helping others and philanthropy (biography.com). Later in life Carnegie began building libraries and making donations towards humanitarian needs. Carnegie eventually created the Carnegie institute of Technology in 1904 to spread knowledge and teachings to people in the United States. Andrew Carnegie died on August 11, 1919, leaving a huge supportive footprint in the world which still…show more content…
Carnegie became a supporter of world peace at a young age in which the quote “All is well since all grows better”(Carnegie), served as his view on international relations. Carnegie founded the Church Peace Union (CPU), in which it mobilized the world’s churches, religious organizations, and other moral organizations to join in promoting world peace in the world to end war forever. The First World War shocked Carnegie and it showed that he failed in the beginning, but later after the war his ideas were used as the foundation for the League of Nations. Andrew Carnegie wanted to stop the death and destruction that eventually became the First World War so he wanted to help humanity by supporting world
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