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Carnegie, Andrew | Research & Encyclopedia Articles

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Andrew Carnegie Summary

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Andrew Carnegie

Born November 25, 1835

Dunfermline, Scotland

Died August 11, 1919

Lenox, Massachusetts

Industrialist and philanthropist

"Concentrate your energies, your thoughts and your capital. The wise man puts all his eggs in one basket and watches the basket."

Andrew Carnegie stands as a symbol of the idea that immigrants could come to the United States and make a vast fortune. In Carnegie's case, he came to the United States from his native Scotland at age thirteen and worked his way from poverty to one of the great fortunes of the world based on manufacturing steel. In retirement, Carnegie gave away several hundred million dollars, a significant portion of his fortune during his lifetime. He financed public libraries throughout the United States as well as donated money to universities and bought organs for churches.

The Industrial Revolution

In one respect, Carnegie shared an experience with countless other Europeans who immigrated to the United States in the nineteenth and early twentieth centuries: His family's livelihood had been seriously affected by the industrial revolution, the historic change from a farm-based economy to an economic system based on the manufacturing of goods and distribution of services on an organized and massproduced basis.

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Carnegie, Andrew from U.S. Immigration and Migration Reference Library. ©2005-2006 by U•X•L. U•X•L is an imprint of Thomson Gale, a division of Thomson Learning, Inc. All rights reserved.