Quotes about Andrew Carnegie

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Andrew Carnegie, born on November 25, 1835, and passing away on August 11, 1919, was a towering figure in American history, renowned both as an industrialist who significantly expanded the American steel industry in the late 19th century and as a philanthropist whose generosity set a precedent in the early 20th century. Carnegie's leadership in the steel industry not only earned him a place as one of the wealthiest Americans in history, but it also played a crucial role in the industrial development of the United States. His philanthropic efforts were extraordinary; in the last 18 years of his life, he donated approximately $350 million, equivalent to about $5.9 billion in 2022, representing nearly 90% of his fortune. These donations significantly impacted charities, foundations, and universities in the United States, Great Britain, and the British Empire. Carnegie's influential 1889 article "The Gospel of Wealth" was a seminal piece that advocated for the wealthy to use their resources to better society. He supported progressive ideas like progressive taxation and an estate tax, promoting a culture of philanthropy among the rich that resonated deeply with his contemporaries and future generations.

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