Carnegie came to America with his family in 1848 when he was 13. Settling in Alleghany, Pennsylvania, young Carnegie worked in a cotton mill, did various jobs for Western Union and the Pennsylvania Railroad, before setting up his own companies.He launched the steel industry in Pittsburgh with the founding of Carnegie Steel Company. In 1900, he sold his interests to J.P. Morgan and embarked on his philanthropic activities. Carnegie Steel was subsequently merged with U.S. Steel to become the world's largest steel manufacturer. He established the Carnegie Foundation and numerous other charitable bodies during his life and was a firm believer that the wealthy had a moral obligation to dispose of their excess wealth to benefit the less fortunate. He published The Gospel of Wealth in 1889, in which his philosophy was expounded. Carnegie also helped to set up over 2500 libraries throughout the world. His Autobiography was published posthumously by his wife in 1920. Carnegie's other works include An American Four-in-Hand in Britain (1884), Round the World (1884), Triumphant Democracy: or Fifty Years' March of the Republic (1886), The Empire of Business (1903), James Watt (1905) and Problems of To-day: Wealth-Labor-Socialism (1908). |
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