SUCCESS STORY:ANDREW CARNEGIE
THE GREATEST INDUSTRIALIST AND PHILANTHROPIST
Andrew Carnegie the most popular Industrialist was born on 25, November 1835 in Dunfermline in Scotland. The family of Andrew Carnegie was very poor and belongs to the profession of the weaver. The family was lived in a small room that was shared with the neighboring family.
In 1848, the family of Carnegie migrated to the state of the United State, Pennsylvania. They migrated here to search for the best job and escape from starvation.
The father of Andrew Carnegie named Willian Carnegie gained money by peddling and weaving linens. The mother of Carnegie earns some cents by binding the shoes.
When Andrew Carnegie was 13, he also started working in the Cotton factory at Pittsburgh to support his family. He always wants to escape his family from poverty.
From a young age, Andrew would like to listen to some popular Scottish heroes like Willian Wallace, Rob Roy and some other's personality from his uncle. These were so popular inspirational stories that worked as the amazing driving force for the Andrew life and also inspire him to always looking for better and wonderful opportunities,
In 1848, Andrew with his family immigrated to the United State of America. In the U.S, he starts working as a regular factory worker in the bobbin factory. He only earned $1.20 a week while worked for 6 days a week as the bobbin boy.
After some period, he becomes the messenger boy in the Ohio Telegraph company at the Pittsburg office. He earned $2.50 per week as a messenger boy. Within only one year, due to his strong determination, hardworking nature and alertness, he was promoted to an operator.
In 1853, he joined Pennsylvania Railroad job as the telegraph operator with a salary of only $4.00 per week. He was promoted to a superintendent post in less than three years. He works hard for the railroad and learns lots of opportunities like making investments and infrastructure markets.
He memorized all of the important business locations in Pittsburgh that helped Andrew to make lots of important connections. He was so interested in reading. It was reading that led him to use the "Colonel James Andersons' library. The library consists of more than 350-volumes that covers several subjects like a man and business management.
While working for a railroad, Andrew Carnegie starts to invest. He made lots of choices and he noticed that investment in oil offers lots of substantial returns. In 1865, he left a railroad and just focus on some other interests like "Keystone Bridge Company".
Upcoming year in the life of Carnegie was specially dedicated to the steel industry. The Keystone bridge company became well known for the best and adorable production of steel in the United State. Carnegie focused to build plants all around the country by using new methods and
technology. The technology helps to manufactured steel faster, easier and productive. e owned everything that needed by him in process ranges from raw material, railroads and ships for the better transportation of goods. He also owns coal fields that were used to fuel the steel furnaces.
The strategy followed by Andrew Carnegie help him so much to get dominant success in the industry and soon become a wealthy man. He was soon recognized as "America's Builders". The business helped him to fuel the economy of the country and shape the best future for the nation.
In 1889, The steel corporation of Carnegie become the largest one in the world.
In 1892, the Homestead strike was held by the employees of the Carnegie steel plant. When companies tried to minimize the wages of employees. The employees injected and refused to work for the company. The conflict was held between local managers and workers that were turned to the violence and after that manager's breakup union. Carnegie was not present at strike time, but many people recognized him accountable for the manager's action.
Carnegie made a dramatic and amazing change in life. He sold the steel business to the United States steel corporation. His business was then started by the legendary financier "J.P. Morgan". He earned an amount more than $200 million from the sale of his business.
When he was 65, he decided to spend lots of his time to help other people. He also began philanthropic work by making donations and building libraries. In the earlier 20th century, he expanded efforts.
He donated $5 million to the "New York Public Library" so that the library could easily open many branches in 1901. He established the "Carnegie Institute of Technology" in Pittsburg. The institute is now known as "Carnegie-Mellon" University.
He created Foundation for the teaching advancement in the year 1905, the foundation was known as the "Carnegie Foundation". He formed "The Carnegie Endowment for an International peace" in 1910. He made lots of donations and said that more than 2500 libraries open by his support.
Besides his charitable and business interests, he also enjoyed, meeting, traveling and gives entertainment to different people in various fields.
He was friends of popular personality like Mark Twain, Theodore Roosevelt, Mathew Arnold, and William Gladstone.
The writing was his passion. He wrote many articles and books. One of the articles "wealth" wrote in 1889 was published in the 1900 book "The Gospel of Wealth". The article views that people having great wealth must be responsible socially and use their own assets to help other people.
Wealthiest man in the world"
Andrew sold his company to becomes the wealthiest man in the world. He set an example to help other people by spending his wealth. He paid for church organs in America and all around the world. The wealth of Carnegie's help to build lots of schools, associations, colleges and non-profit organizations.
Some of the significant contributions of Carnegie are given below:
- Carnegie Museums of Pittsburgh
- The Carnegie Trust for the Universities of Scotland
- The Carnegie UK Trust
- Carnegie Institution for Science
- Carnegie Dunfermline Trust
- Carnegie Foundation for the Advancement of Teaching
- Carnegie Endowment for International Peace
- Carnegie Foundation
According to the wealthiest historical figures of the 2007 list, the net worth of Carnegie was $298 billion dollars