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How Did Andrew Carnegie Contribute To Capitalism

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Andrew Carnegie, a Scottish was an immigrant who grew up poor who later became symbolic and widely known as the "American Dream" and one of the richest men in the country. Andrew started very young making money. Provided he had very little formal education, Carnegie grew up in a family that believed in the importance of knowledge, learning and reading books. Carnegie made his living and became so wealthy by being a Industrialist, businessman, entrepreneur and major philanthropist. His main source that lead to his wealth was his successful Carnegie Steel Company, which in the 1890's was the largest and most profitable industrial enterprise in the world. Carnegie made even more money when over time he sold it to J.P. Morgan who created …show more content…

Investing by age 11, Buffett was running a small business at the age of 13. Within time, Warren established firm Buffett Partnership in Omaha, with enormous success. In 2006, Buffett announced that he would give his entire fortune away to charity (est. $62 bil.), the largest act of charitable giving in United States history. His main focus was to share wealth through out the world. Bill Gates and Warren Buffett are the 21st century wealthiest men. Both have collaborated to ask hundreds of rich Americans to pledge at least 50% of their wealth to charity. Warren will leave 99% of his money to charities when he passes. From what I have read and analyzed, Warren and Carnegie were very alike in the sense that they both realized there was a problem in the way the economy was working with money distribution and taxation of the different classes. Both saw there need to be changes made to give money back to the poor communities that they both came from once upon a time. Carnegie and Warren started early in the world of business; different hustles but the same concept; getting money. Both of the men had someone they were compared to in their centuries; Rockefeller being Carnegie’s comparative and Bill Gates being

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