Saturday, May 23, 2015

Andrew Carnegie


The Andrew Carnegie birth place in Dunfermline, Scotland. His father was a weaver in Scotland. Andrew was born in 1836. He emigrated to the United States of America as a 12 year old with his family in 1848. His father worked in the weaving business in America and finally peddling linens. He died seven years after coming to America and Andrew became an economic help to the family.



The museum is free and shows where he lived with the other 7 in his family. The bedroom is on the left of the roof.
He started as a bobbin boy earning $1.20 per week for 7 12 hour work days. (Check out the Stanley Mills blog), then progressed to running messages for the Telegraph company and then as being a telegrapher. He earned $2.50 a week at this job. He was sought after because he was trustworthy.

By the 1860's he had investments in railroads, sleeping cars, bridges and oil derricks. He built further wealth as a bond salesman raising money for American enterprise in Europe. He built Pittsburgh's Carnegie Steel Company, which he sold to JP. Morgan in 1901 for 480 million. In 2013 that would equal 13.6 Billion.






He devoted the remainder of his life to large-scale philanthropy, with special emphasis on local libraries, world peace, education and scientific research. With the fortune he made fro business, he built Carnegie Hall, founded the Carnegie Corporation of New York, Carnegie Endowment for International Peace, Carnegie Institution or Science, Carnegie Trust for the Universities of Scotland Carnegie Hero Fund, Carnegie Mellon University and the Carnegie museums of Pittsburgh. 

Read the quote below on the left. He lived this quote.
Andrew Carnegie Birthplace Museum

He became the wealthiest man in the world and had given away 90% of of his wealth at the time of his death. That probably made him the happiest man in the world.

He lived what he preached.
The first 1/3 of your life get all the education you can.
The next 1/3 of your life make all the money you can.
The next 1/3 of your life give it all away for worthwhile causes.

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