Andrew Carnegie Quotes
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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11 Quotes Found
And while the law of competition may be sometimes hard for the individual, it is best for the race, because it ensures the survival of the fittest in every department.
Andrew Carnegie
No person will make a great business who wants to do it all himself or get all the credit.
Andrew Carnegie
The way to become rich is to put all your eggs in one basket and then watch that basket.
Andrew Carnegie
Surplus wealth is a sacred trust which its possessor is bound to administer in his lifetime for the good of the community.
Andrew Carnegie
No man will make a great leader who wants to do it all himself or get all the credit for doing it.
Andrew Carnegie
The 'morality of compromise' sounds contradictory. Compromise is usually a sign of weakness, or an admission of defeat. Strong men don't compromise, it is said, and principles should never be compromised.
Andrew Carnegie