Andrew Carnegie by Hailey Baker https://padlet.com/hailey_baker1/9vlf2pk8komo A noted Industrialist en-us 2017-12-20 17:02:03 UTC 2017-12-22 00:18:33 UTC hello@padlet.com Biography hailey_baker1 https://padlet.com/hailey_baker1/9vlf2pk8komo/wish/217545365 Andrew Carnegie was born on November 25, 1835 in Dunfermline, Scotland and was the head of the enormous expansion of the American steel industry in the late 19th century. Mr. Carnegie is also considered one of the most important philanthropists of his era. Today Andrew Carnegie is still considered the wealthiest man of his time in the world even after all of his charitable donations. ]]> 2017-12-20 17:04:19 UTC https://padlet.com/hailey_baker1/9vlf2pk8komo/wish/217545365 His Industry hailey_baker1 https://padlet.com/hailey_baker1/9vlf2pk8komo/wish/217545446 Andrew Carnegie entered the Steel Business in the Early 1870s with his company, the Carnegie Steel Company and soon created a monopoly. He essentially created an empire by  maximizing profits and minimizing inefficiencies through his ownership of factories, raw materials and transportation, which were all involved with steel making.]]> 2017-12-20 17:04:32 UTC https://padlet.com/hailey_baker1/9vlf2pk8komo/wish/217545446 How He Obtained His Wealth hailey_baker1 https://padlet.com/hailey_baker1/9vlf2pk8komo/wish/217545523 Andrew began working in a factory as a boy and ten rose to the position of a superintendent for the Pennsylvania Railroad, and while working on the railroad Carnegie invested in both Iron and Oil companies allowing him to earn his first fortune. Later he entered the Steel business and became a dominating force with his company and in 1901 he sold the Carnegie Steel Company to banker John Pierpont Morgan for $480 million. ]]> 2017-12-20 17:04:47 UTC https://padlet.com/hailey_baker1/9vlf2pk8komo/wish/217545523 Charitable Contributions hailey_baker1 https://padlet.com/hailey_baker1/9vlf2pk8komo/wish/217545777 After Andrew Carnegie's retirement in 1901 giving away his money became his new pass time. In 1902 he donated 10 million dollars and founded the Carnegie Institution to fund scientific research and established a pension fund for teachers. Other causes he funded include the establishment of over 2,000 public libraries, and 125 million dollars to a foundation that aided colleges and other schools called the Carnegie Corporation. By 1911 Carnegie had already donated about 90 percent of his fortune and set his legacy of one of the worlds greatest philanthropists. ]]> 2017-12-20 17:05:37 UTC https://padlet.com/hailey_baker1/9vlf2pk8komo/wish/217545777 Work Cited hailey_baker1 https://padlet.com/hailey_baker1/9vlf2pk8komo/wish/217545932 Works Cited
Andrew Carnegie, Philanthropist, www.americaslibrary.gov/aa/carnegie/aa_carnegie_phil_3.html.
“Andrew Carnegie's Story.” Carnegie Corporation of New York, www.carnegie.org/interactives/foundersstory/#!/.
History.com Staff. “Andrew Carnegie.” History.com, A&E Television Networks, 2009, www.history.com/topics/andrew-carnegie.
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