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.
Possibly, but that would have been a common business practice.
Andrew Carnegie believed that concentrations of wealth were inevitable due to the natural progression of industrialization and capitalism, which he argued fostered innovation and economic growth. He posited that as society advances, a small number of individuals would accumulate significant wealth through entrepreneurship and investment, while others would not. Carnegie also contended that this concentration of wealth could ultimately benefit society, as the wealthy would have the resources to support philanthropy and improve the common good.
Monopoly better enabled the right business leaders to provi fair wages and prices
Andrew Carnegie believed that the accumulation of wealth by the rich was justified as it enabled them to use their resources for the greater good of society. He argued that wealthy individuals had a responsibility to distribute their surplus wealth in ways that benefited the community, a concept he termed the "Gospel of Wealth." Carnegie contended that the rich were best positioned to make philanthropic investments, as they could fund education, public libraries, and other initiatives that would uplift society. Ultimately, he saw wealth as a tool for progress and social improvement rather than mere personal gain.
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.
Andrew Carnegie was born on November 25, 1835
Andrew Carnegie used a conversation with Frank Doubleday to show how ruthless and unstoppable Carnegie was in business. When Carnegie asked how much Doubleday made in his business and was told \"very little\" Carnegie responded that he would get out of that business.
Possibly, but that would have been a common business practice.
He wanted to be a soldier, bu they US government would not let him.
I'm not positive but i think that would be Andrew Carnegie.
I think Andrew Carnegie sold out his steel company in 1901 to US Steel so I would guess it would be at least that old.
Andrew Carnegie
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Horatio Alger might describe Andrew Carnegie's transformation as a rags-to-riches story where he went from humble beginnings to become one of the richest men in history. Alger would likely emphasize Carnegie's hard work, determination, and entrepreneurial spirit that allowed him to achieve success through his steel empire.
I think the one you are thinking of would be Andrew Carnegie founder of the Carnegie-Mellon university.
If Andrew Carnegie never existed, the steel industry in the United States may have been shaped differently. Carnegie was a key figure in the growth of the steel industry and the development of modern business practices. Without his influence, the landscape of American industry and philanthropy may have been altered.