Andrew Carnegie Wealth

Andrew Carnegie Wealth - Andrew Carnegie, "Wealth," North...

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Andrew Carnegie, "Wealth," North American Review CCCXCI (June,1889) Andrew Carnegie’s life is the classic “rags-to-riches” story. Born in Scotland, Carnegie came to the United States as a teenager. His first job was in a textile factory. By the end of the Civil War, however, he was on his way to becoming the leader of the U.S. steel industry and the richest man in the world. Despite his success, however, Carnegie did not believe in simply amassing wealth. Rather, he felt that wealth should be used to improve society, not through “hand-outs,” but through socially conscious investments. In his lifetime he gave away approximately $350 million, a large portion of which was used to establish more than 2500 libraries and several institutes of higher learning. The Carnegie Corporation, along with a number of endowments, continues to operate today and funds a huge array of grants and other endeavors. The passage below is Carnegie’s struggle to justify the different facets of his personality. The problem of our age is the proper administration of wealth, so that the ties of brotherhood may still bind together the rich and poor in harmonious relationship. The conditions of human
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This note was uploaded on 09/08/2010 for the course AAS 33B at San Jose State.

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Andrew Carnegie Wealth - Andrew Carnegie, "Wealth," North...

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