In addition to funding libraries, he paid for thousands of church organs in the United States and around the world. Carnegie's wealth helped to establish numerous colleges, schools, nonprofit organizations and associations in his adopted country and many others.
Carnegie devoted the remainder of his life to large-scale philanthropy, with special emphasis on local libraries, world peace, education, and scientific research.
Andrew Carnegie (1835-1919) was one of the most successful businessmen and most recognized philanthropists in history. His entrepreneurial ventures in America's steel industry earned him millions and he, in turn, made great contributions to social causes such as public libraries, education and international peace.
During his lifetime, Carnegie gave away over $350 million. Many persons of wealth have contributed to charity, but Carnegie was perhaps the first to state publicly that the rich have a moral obligation to give away their fortunes.
From 1901 until his death in 1919, Carnegie distributed $350 million to schools, libraries, colleges and other public works, primarily across the English-speaking world. He believed that the best way to spend what he called "excess wealth" was to put it to long-lasting causes for world peace, art and education.Aug 14, 2018
"And he gives it away in huge quantities," Nasaw said. "Now the question is, why?" Some historians say it was because he felt guilty for contributing to the harsh working conditions for steel workers.Dec 22, 2016
It was the height of the Gilded Age in 1889, and Andrew Carnegie, a pioneer in the steel industry, laid out why he would be donating the bulk of his wealth – an estimated $350 million (worth about $4.8 billion today).Jul 8, 2014
Carnegie founded the Carnegie Endowment for International Peace in 1910 with a gift of $10 million. The Endowment's charter was to "hasten the abolition of war, the foulest blot upon our civilization.”Aug 16, 2018
Andrew Carnegie, (born November 25, 1835, Dunfermline, Fife, Scotland—died August 11, 1919, Lenox, Massachusetts, U.S.), Scottish-born American industrialist who led the enormous expansion of the American steel industry in the late 19th century. He was also one of the most important philanthropists of his era.
Scottish-born Andrew Carnegie (1835-1919) was an American industrialist who amassed a fortune in the steel industry then became a major philanthropist. Carnegie worked in a Pittsburgh cotton factory as a boy before rising to the position of division superintendent of the Pennsylvania Railroad in 1859.Feb 9, 2021
Morgan's personal wealth was enormous, and during his life he used substantial portions of his wealth in philanthropic endeavors. He donated to charities, churches, hospitals, and schools. He also accumulated a huge collection of art. When he died in 1913, much of his collection went to the Metropolitan Museum of Art.
Carnegie is best known for the nearly 3,000 public libraries he helped build. As a young man in Allegheny City, Carnegie spent most of his evenings at the library of Col.