How much money did carnegie make

how much money did carnegie make

Andrew Carnegie was born on November 25,in Dunfermline, Scotland. After moving to the United States, he worked a series of railroad jobs. By he owned Carnegie Steel Corporation, the largest of its kind in the world. In he sold his business and dedicated his time to expanding his philanthropic work, including the establishment of Carnegie-Mellon University in Although he had little formal education, Carnegie grew up in a family that believed in the importance of books and learning. The son of a handloom weaver, Carnegie grew up to become one of the wealthiest businessmen in America. At the age of 13, inCarnegie came to the United States with his family. The next year he found a job how much money did carnegie make a telegraph messenger. Hoping to advance his career, he moved up to a telegraph operator position in He then took a job at the Pennsylvania Railroad in He worked as the assistant and telegrapher to Thomas Scott, one of the railroad’s top officials.

Trending News

Susan Stamberg. The Carnegie Steel Co. Click here to see a larger view of this image. Library of Congress hide caption. Andrew Carnegie was once the richest man in the world. Coming as a dirt poor kid from Scotland to the U. The Carnegie Library in Washington, D. Paul Dickson, author of The Library in America, says this library was «one of the first really beautiful public buildings» in the city. Inscribed above the doorway are the words: Science, Poetry, History. The building was «dedicated to the diffusion of knowledge. It opened in to women, children, all races — African-Americans remember when it was the only place downtown where they could use the bathrooms.

Why $50,000 May Be Just About Enough For Happiness

During the Depression, D. Washington writer Paul Dickson, author of The Library in America, says the marble palace was an early and imposing Capitol institution. This was one of the first really beautiful public buildings,» he says. Carnegie libraries are still the best buildings in many towns. Over the years some have been expanded or torn down.

Andrew Carnegie: Early Life and Career

Scottish-born Andrew Carnegie was an American industrialist who amassed a fortune in the steel industry then became a major philanthropist. Carnegie worked in a Pittsburgh cotton factory as a boy before rising to the position of division superintendent of the Pennsylvania Railroad in While working for the railroad, he invested in various ventures, including iron and oil companies, and made his first fortune by the time he was in his early 30s. In the early s, he entered the steel business, and over the next two decades became a dominant force in the industry. Andrew Carnegie, whose life became a rags-to-riches story, was born into modest circumstances on November 25, , in Dunfermline, Scotland, the second of two sons of Will, a handloom weaver, and Margaret, who did sewing work for local shoemakers. Ambitious and hard-working, he went on to hold a series of jobs, including messenger in a telegraph office and secretary and telegraph operator for the superintendent of the Pittsburgh division of the Pennsylvania Railroad. In , Carnegie succeeded his boss as railroad division superintendent. While in this position, he made profitable investments in a variety of businesses, including coal, iron and oil companies and a manufacturer of railroad sleeping cars. After leaving his post with the railroad in , Carnegie continued his ascent in the business world.

To continue much longer overwhelmed by business cares and with most of my thoughts wholly upon the way to make more money in the shortest time, must degrade me beyond hope of permanent recovery. The conditions of human society create for this an imperious demand; the concentration of capital is a necessity for meeting the demands of our day, and as such should not be looked at askance, but be encouraged. He was invited to many important social functions, which Carnegie exploited to his advantage. So, Pam, how much money does an artist make after they leave art school? Money is just a push for the act. I don’t care how much money you offer me Louise Whitfield m. How much money was this going to take?


Latest on Entrepreneur

Does money buy happiness? If so, how much money do you need to be happy? And what is happiness anyway? Harvard Business School researchers Grant E. But not all decamillionaires are equally happy. The Harvard researchers say that their findings have an important implication for the wealthiest — they should give it away. They argue that doing so is better for the wealthy and their heirs. Researchers have found that above a certain point more money does not yield much more happiness.

The Harvard researchers found a weakness in this research — millionaires are not as well-represented in these surveys. The researchers got answers to questions about «their happiness with their life in general, and about their current net worth, which we calculated as the total value of their savings, investments and assets, minus any debt. Additional millions are associated with additional happiness, but not in life-changing magnitude.

They also found that how you make your money makes a difference in how happy you are with it. It is better to make millions than to inherit or marry into.

Of course, there are likely other differences between people who earned versus inherited their wealth that may contribute to these different levels of happiness,» they wrote. In an ironic twist, the researchers found that there is one thing that decamillionaires can do to get even more happiness — give it away. As the researchers wrote, «Andrew Carnegie came up with one solution: He donated the vast majority of his fortune to charities, foundations and universities during the last few years of his life, keeping it from his heirs in an apparent effort to lead them to useful, worthy lives.

And his solution has greater wisdom as well: Because research shows that giving to others leads to greater happiness than spending on oneself, Carnegie was also employing his wealth in a manner likely to maximize his own happiness.

These folks have signed on to «The Giving Pledge, a campaign started in by Bill Gates and Warren Buffett to encourage the wealthy to contribute a majority of their wealth to philanthropic causes.

Our research suggests that this strategy has benefits not only for the recipients of that charity, but for the wealthy and their heirs as well,» write Donnelly and Norton. In general the researchers found that the more money both groups had, the happier they. By Giving It Away. The opinions expressed here by Inc.

The Industrial Economy: Crash Course US History #23


Carnegie led the expansion of the American steel industry in the late 19th century and became one of the richest Americans in history. Carnegie was born in DunfermlineScotland, and immigrated to the United States with his parents in at age Carnegie started work as a telegrapherand by the s had investments in railroads, railroad sleeping cars, bridges, and oil derricks. He accumulated further wealth as a bond salesman, raising money for American enterprise in Europe.

Keys To The Whole World: American Public Libraries

Steel Corporation. After selling Carnegie Steel, he surpassed John D. Rockefeller as the richest American for the next several years. Carnegie devoted the remainder of his life to large-scale philanthropy, with special emphasis on local librariesworld peace, education, and scientific research. Andrew Carnegie was born to Margaret Morrison Carnegie and William Carnegie in Dunfermline, Scotlandin a typical weaver’s cottage with only one main room, consisting of half the ground floor, which was shared with the neighboring weaver’s family. Carnegie’s uncle, George Lauder, Sr. Lauder’s son, also named George Laudergrew up with Carnegie and would become his business partner. When Carnegie was thirteen, his father had fallen on very hard times carjegie a handloom weaver; making matters worse, the country was in starvation. His mother helped support the family by assisting her brother a cobblerand by selling potted meats at her «sweetie shop», leaving her as the primary breadwinner. In September maks, Carnegie arrived with his family at their new prosperous home. Allegheny was rapidly populating in the s, growing from around 10, to 21, residents. The «Made in Allegheny» label used how much money did carnegie make these and other diversified products was becoming more and more hod. Dealers were not interested in selling his product, and he himself struggled to sell it on his. Carnegie’s first job in was as a bobbin boychanging spools of thread in a cotton mill 12 hours a day, 6 days a week in a Pittsburgh cotton factory.

Comments

Post a Comment