andrew carnegie

Categories: Entrepreneurs
  • Andrew Carnegie immigrated to America in 1848 along with his family. He started working as bobbin boy in a cotton mill at age 13. After moving through a succession of jobs, he started working at Pennsylvania Railroad Company in 1853. He was able to use the personal library of James Anderson, which was opened for working boys on Saturday nights. In 1865, he started to establish his own business and eventually organized the Carnegie Steel Company. When he was 65, he sold it and several other steel companies he owned to J.P. Morgan for $480 million. After that he devoted his life to philanthropic activities and writing. Carnegie wrote articles in many magazines. In 1908, he assigned Napoleon Hill to discover and publish the formula for success.

    The foundations established by Carnegie are the Carnegie Corporation of New York, Carnegie Endowment for International Peace, Carnegie Mellon University in Pittsburgh and the Carnegie Museums of Pittsburgh. He also established many public libraries in America, UK and many other English speaking countries.

  • Life and Career

    Carnegie was born in Scotland, and later immigrated to America. He started his first job as a bobbin boy in a cotton mill. Later became a telegraph messenger boy and got promoted as an operator. His willingness to hard work, perseverance and alertness helped him to land on a job with Pennsylvania Railroad Company in 1853. His quest for knowledge was satisfied by James Anderson's personal library, which was opened for working boys on Saturday nights. Carnegie's first investment was in Adam's express. Later he invested in Pullman Company and bought part of it. By reinvesting the money earned from the investments made, he accumulated the capitol for his future ventures. Carnegie passed away on August 11, 1919 in Lenox, Massachusetts. He had bronchial pneumonia. At his death, all his remaining wealth was given to foundations, charities and to pensioners. He was laid to rest at Hollow Cemetery in North Tarrytown, New York Quotes of Andrew Carnegie “Not only had I got rid of theology and supernatural, but I had found truth of evolution” “All is well since all grows better” “A man who dies rich dies disgraced”
  • Books

    An American Four In hand In Brittan (1883), Round The World (1884), Triumphant Democracy (1886), The empire of Business (1902), The secret of business is the Management of Men (1905), Problems of Toady (1907) and the Autobiography of Andrew Carnegie (1920).
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