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Why would a rich man like Andrew Carnegie support the estate tax?
Because his wealth was self-made and he believed that people should have to work to be wealthy and not just be born into it. He also was a philanthropist and believed that wealthy people should give their money away rather than create a dynasty.
Who became the richest man in the world by 1901 by investing in the steel industry and selling railroads?
Andrew Carnegie
How did Andrew Carnegie define wealth?
In 2007, the New Republic Online reviewed a book, Andrew Carnegie, by David Nasaw. According to the review. . .>>"Carnegie . . .was one of the few rich Americans who could claim to be a self-made man. But, to his credit, he refused to do so, locating the source of his wealth -- indeed, of any millionaire's wealth -- in "the community," by which he meant that he had been in the right place at the right time: Pittsburgh in the 1870s, when the shift from iron to steel was about to take off. And as Nasaw convincingly shows, Carnegie also had a knack for insinuating himself with corporate mentors and turning them into dependable cronies.
Who is Andrew Carnegie?
Andrew Carnegie was one of the wealthiest men during the 1800's, he revolutionized the steel industry during the era of railroad expansion. He was rich. This was because he had lots of business with the industries and he sold steel at very low prices.Emma - The Life of Andrew Carnegie in a little more detail....Andrew Carnegie was the son of a handloom weaverHe was born in Dunfermline, Scotland, on 25th November, 1835.The economic depression of 1848 convinced the Carnegie family to emigrate to the United States where they joined a Scottish colony near Pittsburgh.Andrew began work aged 12 in a local cotton factory but continued his education by attending night school.At 14 Carnegie became a messenger boy in the local Pittsburgh Telegraph Office. His abilities were noticed by Thomas A. Scott, the superintendent of the western division of the Pennsylvania Railroad.After the war Carnegie succeeded Scott as superintendent of the western division of the Pennsylvania Railroad.Carnegie invested in many factories . The most important of these was Keystone Bridge, a company which he owned a one-fifth share.Carnegie decided that steel would now replace iron for the manufacture of heavy goods.Carnegie wrote a series of books including Round the World (1881), An American Four-in-Hand in Britain (1883) and Triumphant Democracy (1886), where he compared the egalitarianism of America with the class-based inequalities of Britain and other European countries.The Carnegie Steel Company was valued at $25 million and was now the largest steel company in the world.The Carnegie Steel Company continued to expand and between 1889 and 1899.Carnegie now had a personal fortune of $225,000,000.Carnegie set built 3,000 public libraries (380 of these in Britain), also included were the Carnegie Institute of Pittsburgh, the Carnegie Institute of Technology and the Carnegie Institution of Washington for research into the natural and physical sciences.By the time Andrew Carnegie died in August, 1919, he had given away $350,000,000. A further $125 million was placed with the Carnegie Corporation to carry on his good works.A Scottish born US steel industrialist turned philanthropist.
How much makes a person wealthy?
What a question!...The answer is unique to each person you ask. Hardly anyone will give you the same response.The answer also depends on what you define as "wealth." If you mean money, this is relative, as I may be wealthy to a homeless man, but very poor to a millionaire. In addition, someone can be financially wealthy, but emotionally bankrupt. If you define wealth as "success" or "happiness" then your answer becomes even more cloudy, because success and happiness are limited to individual perspective."No man can tell whether he is rich or poor by turning to his ledger. It is the heart that makes a man rich. He is rich or poor according to what he is, not according to what he has. -Henry Ward Beecher
What man dominated the steel industry during America's industrial era?
Andrew Carnegie-apex
What kind of man was carnegie as a person?
Andrew Carnegie was known for being a wealthy industrialist and philanthropist. He was ambitious, shrewd in business, and a major player in the steel industry. Carnegie also had a reputation for supporting various charitable causes and promoting education through his philanthropic endeavors.
What man had a monopoly in a steel industry?
Andrew Carnegie
Who is the second richest man in history?
Andrew Carnegie
What is Andrew carnegie?
Andrew Carnegie was not a religious man per se, however, he did attend a Presbyterian Church for many years. Carnegie was an industrialist who made his fortune in the steel industry.
How did Andrew Carnegie become the richest man ever?
He sold steel
What social class was Andrew carnegie from?
Andrew Carnegie was born into a working-class family in Scotland. Through his entrepreneurial endeavors in the United States, he became one of the richest men in history, and is often associated with the upper class or "robber barons" of the Gilded Age.
What was Andrew Carnegie vision?
Andrew Carnegie's vision was to use his wealth to improve society through philanthropy. He believed in the concept of "the Gospel of Wealth," which meant that the wealthy had a responsibility to use their fortunes to benefit society through education, culture, and social welfare programs. Carnegie funded the construction of libraries, schools, and universities, and his legacy continues through various charitable foundations.
Who was the richest person in the world in 1997?
Andrew Carnegie was the richest man in the world in 1997
This industrialist used his pay as an assistant to a railroad man to invest in industry?
Andrew carnegie.
Why would a rich man like Andrew Carnegie support the estate tax?
Because his wealth was self-made and he believed that people should have to work to be wealthy and not just be born into it. He also was a philanthropist and believed that wealthy people should give their money away rather than create a dynasty.
Is Andrew Carnegie any relation to Dale Carnegie?
No, Andrew Carnegie and Dale Carnegie are not related. They were two separate individuals who achieved success in their respective fields – Andrew Carnegie in the steel industry, and Dale Carnegie in self-improvement and public speaking.
