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Andrew Carnegie distinguished himself from other industrialists through his philosophy of philanthropy and his belief in the "Gospel of Wealth," which advocated for the rich to use their fortunes to benefit society. Unlike many of his contemporaries who focused solely on profit, Carnegie invested heavily in public libraries, education, and cultural institutions. His emphasis on self-improvement and social responsibility set him apart in an era often characterized by cutthroat business practices. Additionally, his rise from humble beginnings to immense wealth embodied the American Dream, inspiring many during his time.
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When did Carnegie sell the steel business?
Andrew Carnegie sold his steel business, Carnegie Steel Company, to J.P. Morgan in 1901 for $480 million. This transaction led to the creation of U.S. Steel, which became the first billion-dollar corporation in American history. The sale marked the end of Carnegie's involvement in the steel industry, allowing him to focus on philanthropy and other ventures.
Can you use a different name other than what is on the credit card?
No. Or else you die.
How is fair trade different from other trades?
It gives the farmers in other countries (usually poor countries) a fair amount of money.
What is a different word for firm?
A different word for "firm" could be "solid." Other synonyms include "sturdy," "resolute," or "established," depending on the context in which you are using the term.
What is the different kind of money that the other country used?
Try the link indicated below to Currencies of the World.
Why is Andrew Carnegie considered a philanthropist?
Andrew Carnegie is considered a philanthropist because he donated a large portion of his wealth to fund libraries, hospitals, universities, and other public institutions to benefit society. His philanthropic efforts, including the establishment of the Carnegie Corporation of New York, aimed to improve education and cultural opportunities for all people, cementing his legacy as a generous and socially conscious industrialist.
What separated Andrew carnegie from other robber barons?
One of the things that set Andrew Carnegie apart from the other "robber barons" was the fact that Carnegie came from a poor background. Carnegie started his work as a messenger boy for a telegraph office.
Are there any positive or negative quotes from others about Carnegie?
Andrew Carnegie, the industrialist and philanthropist, has been both praised and criticized throughout history. Positive quotes about Carnegie often highlight his philanthropic efforts, such as his establishment of libraries and educational institutions. On the other hand, negative quotes may focus on his ruthless business tactics, such as his involvement in the Homestead Strike of 1892. Overall, Carnegie's legacy is complex, with both admirers and detractors.
Who is the industrialist pioneer of vertical integration?
The industrialist pioneer of vertical integration is Andrew Carnegie. He implemented this strategy in the steel industry by controlling every aspect of production, from raw materials to transportation and manufacturing, which allowed him to reduce costs and improve efficiency. Carnegie's approach set a precedent for other industries and contributed significantly to the growth of American industry in the late 19th century. His practices were instrumental in shaping modern business strategies around vertical integration.
Was the industrialist John D Rockefeller most closely associated with railroading than any other industrialist?
Cornelius Vanderbilt http://www.answers.com/Andrew+Carnegie?cat=biz-fin
Andrew Carnegie a very rich man and a great philanthropist was the son of a linen weaver.?
Yes, Andrew Carnegie was a Scottish-American industrialist who built a fortune in the steel industry and became one of the wealthiest individuals in history. He later devoted much of his wealth to philanthropy, establishing libraries, schools, and other organizations to benefit society. His rags-to-riches story, starting from humble beginnings as the son of a linen weaver, is a key part of his legacy.
Did Andrew Carnegie have any cousins and what were their names?
Yes, Andrew Carnegie had cousins. One of his prominent cousins was George Lauder, who later became a successful businessman in Scotland. Andrew Carnegie also had several other cousins, but their names are not as well documented.
Is Andrew Carnegie any relation to Dale Carnegie?
Answer Yes, they were distant cousins but did not know each other. Andrew "carNAYgee" was the entrepreneur who became the richest man in America and then gave away all but 5 of his 480 million dollars starting in 1901. Dale "CARnegee" wrote How to Win Friends and Influence People" in 1937.
Did Andrew Carnegie spend his money in a positive way?
Andrew Carnegie spent money on many things. Some of those things like public libraries and other public works are considered positive.
What did Andrew Carnegie build after he built the bridge?
After building the iconic Carnegie Steel Company, Andrew Carnegie focused on philanthropy, establishing numerous libraries, educational institutions, and cultural organizations. He is particularly known for funding the construction of over 2,500 public libraries across the United States and other countries. Additionally, he founded Carnegie Mellon University in Pittsburgh and the Carnegie Corporation of New York to promote the advancement of education and knowledge.
Who donated millions of dollars toward the construction of public libraies?
Andrew Carnegie is known for donating millions of dollars toward the construction of public libraries in the United States and other countries. He believed in the importance of education and access to knowledge for all members of society.
How did Andrew Carnegie donate his money?
Andrew Carnegie donated his money mainly by establishing libraries, schools, universities, and other public institutions. He also created charitable trusts and foundations to support education and research programs. Additionally, Carnegie donated to causes promoting peace and international cooperation.
