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The impact of andrew carnegie on the industrial nation at the time
The impact of andrew carnegie on the industrial nation at the time
Essay on andrew carnegie a hero
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Andrew Carnegie was one of the richest men in the world. He spent the first several decades of his life dedicated to expanding business and increasing steel production in the United States. He spent the latter part of his life dedicated to his philanthropic endeavors. Carnegie donated money to many organizations and funded the construction of several colleges, libraries, and other public institutions. Andrew Carnegie is a man who started life in less than modest circumstances, but arose to be one of the wealthiest men alive, then continued on doing extensive philanthropic work. Even going as far as giving most of his amassed wealth away, and donating millions of dollars to the possibility of world peace. Andrew Carnegie changed United States …show more content…
He and his family lived in Allegheny, Pennsylvania where young Andrew worked in a factory earning slightly less than $1.25 a week. He worked there until he gained the opportunity to be a telegraph messenger. After working there for close to two years he joined the Pennsylvania railroad as an assistant and telegrapher to Thomas Scott, a top official in the railroad. During this time Carnegie studied under Thomas Scott, learning business and industry. Three years later he was promoted to superintendent. While working as superintendent he invested his money into different stocks and companies, the most substantial investment being in oil. He invested his money into the United States economy and created a steel company in order to better construction and enhance life in the United States.(“Andrew Carnegie” np) After Carnegie sold his steel factory in 1901, he dedicated his life and wealth to giving back to the community and economy. He earned $480 million by selling his company, and he donated most of it until his death. He vigorously donated millions to the creation of libraries and educational institutes around the world. “One of the most tangible examples of Andrew Carnegie’s philanthropy was the founding of 2,509 libraries in the late 19th and early 20th centuries. Of these libraries 1,679 were built in the United States”(“Andrew Carnegie” …show more content…
He did both of these things in order to better efforts towards world peace and provide a greater chance at safety for people of the United States and other great countries. He was not able to overcome the huge obstacle that was the First World War, and he regretted this deeply until his death. Although, he did better efforts against War in the later years, thus continuing his dreams of peace well after his death.(“Andrew Carnegie” np) Carnegie had decided to give away his wealth since well before the end of his life. When he and his wife were married he had her sign a prenuptial agreement to where she agreed to him giving away virtually all of his amassed wealth. Over Carnegie’s lifetime he gave away over $350 million to various charities and institutions. He did all of this out of his own free will and hope that some children may learn just as he did. Andrew Carnegie was a true philanthropist, his ideals were
He explained that they had the responsibility to be philanthropic and donate their wealth to benefit society while they are living. If the wealthy keep their riches until they are dead, then it simply implies that the deceased would have wanted to bring the money with them if it were possible. Carnegie also explained that family members should not leave each other inheritances. By leaving them with a large amount of money, it gives family members no motivation to work hard; becoming lackadaisical. He wrote how one should contribute to society through charity, by donating towards a physical cause; and not by giving money to a homeless person.
Leaders such as Carnegie, Rockefeller, Morgan, and Ford were all philanthropic and gave away their money to those in need. For instance, Andrew Carnegie had given a total of over $350 million in his lifetime and had centered his philanthropy on education and the quest for world peace. Carnegie built libraries mainly because he wanted to promote self-education and that he wanted everyone to have the access to books. He founded Carnegie University. He had always thought that “The rich have a moral obligation to give away their fortunes.” John D. Rockefeller donated over $550 million in his lifetime. Rockefeller built the University of Chicago and then founded Rockefeller University. The Rockefeller Foundation was his last charitable foundation and he had such an abundant amount of money that the foundation is still working “to promote the well-being of mankind throughout the world.” J.P. Morgan was an equally giving philanthropist after he retired from banking. He had become the president of the Metropolitan Museum of Art while he was also a trustee (lead donor, vice president, treasurer, and finance committee chairman). His love for the natural sciences gave way to the American Museum of Natural History. Morgan was also a part of the Episcopal Church which he had devoted a great deal of time to. Henry Ford
In my opinion Carnegie is a truly a hero. Today we don’t see a lot of men giving their money away when they die. Carnegie did change many lives for the better, and he did help save lives as well. In Document B Carnegie would word how the wealthy would never do anything with their money for the better, he didn’t want to became one of them. Carnegie quote was “ The man who dies rich dies disgraced”, by that he means why would you all that money go to waste, you are going to be died, that money could help save many lives that is why he was one who changed
Andrew Carnegie, was a strong-minded man who believed in equal distribution and different forms to manage wealth. One of the methods he suggested was to tax revenues to help out the public. He believed in successors enriching society by paying taxes and death taxes. Carnegie’s view did not surprise me because it was the only form people could not unequally distribute their wealth amongst the public, and the mediocre American economy. Therefore, taxations would lead to many more advances in the American economy and for public purposes.
Known for his contributions he devotes his earnings to making America a better place for all to live. However, he is very strict on how these contributions should be made. He believes all disruption should be made when the millionaire is alive. That after the millionaires death his contribution does nothing to benefit the society. “The miser millionaire who hoards his wealth does less injury to society than the careless millionaire who squanders his unwisely, even if he does so under cover of the mantle of sacred charity,” (p. 32) In some degree I agree with him. What does it say when contribution is made after someone death? Personally, it says that the cause wasn't important enough and now that the millionaires dead, they try to make it seem like they care and still keep their name on the radar by donating to society. Carnegie saw wealth as something that a person had to work for, and as a constant battle to maintain. Carnegie came from a poor family and worked hard to achieve his wealth.I began to learn what poverty meant," Andrew would later write. "It was burnt into my heart then that my father had to beg for work. And then and there came the resolve that I would cure that when I got to be a man." Also he said that he felt that he was given an opportunity when he was young and felt it was his duty to give others the means to be successful as well. This is important to Carnegie as someone who does come from struggling background; he doesn’t want to see the inequalities that are created in America due to a number of many factors. He wants to see society as a whole
Steel Company after a serious, bloody union strike.He saw himself as a hero of working people, yet he crushed their unions. The richest man in the world, he railed against privilege. A generous philanthropist, he slashed the wages of the workers who made him rich. By this time, Carnegie was an established, successful millionaire. He was a great philanthropist, donating over $350 million dollars to public causes, opening libraries, money for teachers, and funds to support peace.
...ve up the fortunes they have built themselves. It is an admirable idea to give your money to help promote a thriving community. Carnegie states that he is against charity and believes that those in need should be taught how to improve their own lives. To fund these institutes and corporations a form of charity must be given. Wealthy citizens give their excess money to a few to disperse of in a way they see fit to help the race. Most Americans are not willing to give up such a large sum of money as noble and respectable of an idea as it is. I think that Carnegie’s plan, in theory, would work and would be best for the race. I do not think it is practical because most would rather spoil their own family with inheritance than give it away to help people unknown to them. Carnegie’s idea of fair is equal opportunities for everyone to help themselves and the race.
Document M gives us quotes from Andrew Carnegie’s, “Wealth” in the North American Review, June 1889. He states that he wanted more than just the wealthy to prosper: “The man who dies rich is a disgrace.” He was one of those men who would leave their wealth for public use on his deathbed. He never spent too much of his money because he wanted to “set an example of modest... living…; and… to consider all surplus revenues… as trust funds;” he’s a little bit of a hypocrite. Carnegie’s ideas are criticised for the mistakes along the way, but when his ideas came to be, they made big impacts all around the
In Harold C. Livesay’s Andrew Carnegie and the rise of Big Business, Andrew Carnegie’s struggles and desires throughout his life are formed into different challenges of being the influential leader of the United States of America. The book also covers the belief of the American Dream in that people can climb up the ladder of society by hard work and the dream of becoming an influential citizen, just as Carnegie did.
Andrew Carnegie and his philanthropy made him a hero because he helped more people than harm in the long run, by this I mean he helped other countries. He also sets a great example to everyone that helping others or someone is not something you need to wait to do when you are no longer living. If someone needed help and even a stable person had the choice to help but until they are no longer alive has little meaning. Perhaps it would be too late when the person isn’t around anymore. Its about what someone can do to help when they are around, it is about what a person can do in the time of need even if it is not much but a little of anything can go a long way. In (Doc C) there is a list of amounts of money that Carnegie has donated to various places which in total he has donated well over $271m but aside from that his corporation is giving out about $100m a year, most of it to education (Doc C)
There have been many wealthy men Throughout American history, many have been the topic of many heated debates among them, Andrew Carnegie. Andrew Carnegie at one time was the richest man in the world, who immediately after gaining that title began giving his money away. The impact and size of Carnegie’s philanthropic efforts are undeniable, but why he gave so much has been a topic of debate for nearly a century now. Carnegie’s rags to riches story is the epitome of the American dream and has been an inspiration to many entrepreneurs around the world.
Even though these men attempted to build a stable foundation for America to grow on, their negative aspects dramatically outweighed the positive. Even though Andrew Carnegie donated his fortunes to charity, he only acquired the money through unjustifiable actions. As these industrialists continued to monopolize companies through illegal actions, plutocracy- government controlled by the wealthy, took control of the Constitution. Sequentially, they used their power to prevent controls by state legislatures. These circumstances effect the way one
Industrialists Andrew Carnegie and Henry Clay Frick could not have come from more different backgrounds. Carnegie was born in the Scottish town of Dunfermline to a very poor family in 1835. When he was 12 years old, his father, a weaver, decided to move the family to the United States in search of better prospects, arriving at what was then the municipality of Allegheny, Pennsylvania, now part of Pittsburgh’s North Side. By that time, Pittsburgh was already known as a major center for the production of steel and other metals. In 1853, at the age of 18, Carnegie was hired as a telegraph operator for the Pennsylvania Railroad, and became a protégé of Thomas A. Scott, who would soon rise
A penny saved may be a penny earned, just as a penny spent may begin to better the world. Andrew Carnegie, a man known for his wealth, certainly knew the value of a dollar. His successful business ventures in the railroad industry, steel business, and in communications earned him his multimillion-dollar fortune. Much the opposite of greedy, Carnegie made sure he had what he needed to live a comfortable life, and put what remained of his fortune toward assistance for the general public and the betterment of their communities. He stressed the idea that generosity is superior to arrogance. Carnegie believes that for the wealthy to be generous to their community, rather than live an ostentatious lifestyle proves that they are truly rich in wealth and in heart. He also emphasized that money is most powerful in the hands of the earner, and not anyone else. In his retirement, Carnegie not only spent a great deal of time enriching his life by giving back; but also often wrote about business, money, and his stance on the importance of world peace. His essay “Wealth” presents what he believes are three common ways in which the wealthy typically distribute their money throughout their life and after death. Throughout his essay “Wealth”, Andrew Carnegie appeals to logos as he defines “rich” as having a great deal of wealth not only in materialistic terms, but also in leading an active philanthropic lifestyle. He solidifies this definition in his appeals to ethos and pathos with an emphasis on the rewards of philanthropy to the mind and body.
Carnegie saw how bad the wooden railroads were, so he proceeded to slowly replace them with iron ones. Carnegie's charm, perception, and hard work led to becoming one of the world's most famous men of the time, and led to the first corporation in the world with a market capitalization in excess of one billion when he sold his companies to John Morgan who called them United States Steel Corporation.