Module_2_Honors_Assignment - 1 Carnegie's purpose in...

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1. Carnegie's purpose in publishing "Wealth". Include his relevant background information. Andrew Carnegie could quite easily be known as one of America's most successful men. Born on November 25, 1835, Andrew Carnegie eventually dominated the American steel industry, and also became one of the greatest known philanthropist of his time. After working in factories and on railroads throughout his teenage years, Carnegie became the owner of the Carnegie Steel Corporation in 1889. However, after running his company for twelve whole years, Carnegie made the decision that it was time to sell the company. In 1901 J.P. Morgan purchased Carnegie Steel Corp. for $480 million (Carnegie.org 2015). Carnegie then decided to invest his fortunes into supporting his community and charitable organizations; therefore, he became what is known as a philanthropist. Carnegie grew up in a poor household; therefore, he understands the struggles faced by lower class citizens on a daily basis, and that is one of the main reasons he made the decision to give back to his fellow citizens. Carnegie believed that being a wealthy businessman meant that the least he could do for others was give back to his deserving community. After years of philanthropy, Carnegie proceeded to write a book known as “Wealth”. Carnegies purpose for publishing this book was to share his beliefs on business and philanthropy. Carnegie hoped that wealthy readers of his would be inspired to give back to their communities as well. Overall, Carnegie was an extremely hard working, dedicated, and caring

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