After moving to America, he worked some railway occupations. By 1889 he possessed Carnegie Steel Corporation, the biggest of its own type on the planet. In 1901 he sold his company and dedicated his time to enlarging his philanthropic work, for example, organization of Carnegie-Mellon University in 1904.
Although he had little formal schooling, Carnegie grew up in a household that believed in the need for books and learning.
In the age of 13, in 1848, Carnegie came to America along with his family. The following year he found work as a telegraph messenger. Expecting to improve his career, he moved up into a telegraph operator place in 1851. Then he took work in the Pennsylvania Railroad in 1853. He worked as the helper and telegrapher to Thomas Scott, among the railway’s top officials. Through this encounter, he learned concerning the railway sector and about business generally. 3 years after, Carnegie was promoted to superintendent.
While working for the railway, Carnegie started making investments. He made many wise selections and discovered that his investments, especially those in petroleum, brought in significant yields. He left the railway in 1865 to concentrate on his other business interests, for example, Keystone Bridge Company.
Carnegie constructed plants across the united states, using technology and techniques that made production steel simpler, quicker and much more productive. For each step of the procedure, he possessed just what he wanted: the raw materials, boats and railways for transporting the goods, as well as coal fields to fuel the steel furnaces.
This beginning-to-finish strategy helped Carnegie become the dominant power in the market and an extremely rich guy. Additionally, it made him known as among America’s “contractors,” as his company helped to fuel the market and shape the country into what it’s now. By 1889, Carnegie Steel Corporation was the biggest of its own type on the planet.
Some believed the organization ‘s success came in the expense of its own workers. The most famous instance of this arrived in 1892. They refused to work, beginning what’s been called the Homestead Strike of 1892. The struggle involving the workers and local supervisors turned violent after the supervisors called in guards to break up the union. While Carnegie was away during the period of strike, many still held him responsible for his supervisors’ activities.
In 1901, Carnegie made a remarkable change in his life. He sold his company to the United States Steel Corporation, began by renowned financier J.P. Morgan. The deal brought in him more than $200 million. In the age of 65, Carnegie chose to spend the remainder of his days helping others. While he’d started his philanthropic work years before by constructing libraries and making contributions, Carnegie enlarged his attempts in the early 20th century.
Carnegie, an enthusiastic reader for much of his life, contributed about $5 million to the New York Public Library so the library could start several divisions in 1901. Dedicated to learning, he created the Carnegie Institute of Technology in Pittsburgh, which has become called Carnegie-Mellon University in 1904.
Besides his company and not-for-profit interests, Carnegie loved traveling and meeting and amusing leading figures in several fields. Carnegie also composed several novels and numerous articles. His 1889 post “Wealth” summarized his view that people that have great riches have to be socially accountable and use their assets to assist others. It was later printed as the 1900 novel The Gospel of Wealth.