Andrew Carnegie was born November 25, 1835. He was born in Dunfermline,
United Kingdom. He was a Scottish-American industrialist who became a very wealthy owning an American steel industry in the late 1800s. Before accomplishing that he worked many different railroad jobs. He got his first job when he was only 13 years old, making 1.20 per week. Then around 1889 he became owner of Carnegie Steel Corporation, which was the largest of its kind in the world. After becoming the richest man in world he retired to pursue being more of a philanthropic person. He founded the Carnegie Institution, teachers with a $10 million donation and he also wanted to give money to support education and reading.
While working for the railroad, Carnegie began making investments. He made many wise choices and found that his investments, especially those in oil, brought in substantial returns. In 1865 He left the railroad industry to focus on his other business interests. By the next decade, most of Carnegie's time was dedicated to the steel industry. His business, which became known as the Carnegie Steel Company, revolutionized steel production in the United States. Carnegie built plants around the country, using technology and methods that made manufacturing steel easier, faster and more productive. …show more content…
Which is someone who gives money to good causes. They believed in the "Gospel of Wealth," which meant that wealthy people were morally obligated to give their money back to others in society. Giving his money away became his new occupation as a 66 year old man. In 1902 he founded the Carnegie Institution to fund scientific research and established a pension fund for teachers with a $10 million donation. Throughout his life, Andrew Carnegie loved to read. So it made sense that he wanted to give money to support education and