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Carnegie as he appears in the National Portrait Gallery in Washington, D.C.. Andrew Carnegie (English: / k ɑːr ˈ n ɛ ɡ i / kar-NEG-ee, Scots: [kɑrˈnɛːɡi]; [2] [3] [note 1] November 25, 1835 – August 11, 1919) was a Scottish-American industrialist and philanthropist.
The Gospel of Wealth asserts that hard work and perseverance lead to wealth. Carnegie based his philosophy on the observation that the heirs of large fortunes frequently squandered them in riotous living rather than nurturing and growing them. Even bequeathing one's fortune to charity was no guarantee that it would be used wisely, due to the fact that there was no guarantee that a charitable ...
The Carnegies visited Dungeness irregularly over the next year, traveling to Georgia in a private railroad car. [108] With the purchase of his Cumberland Island estate, Thomas resolved to retire from business and spend more time in Georgia. [98] The stress of working for his brother had left him exhausted. [98]
More than $100 trillion in household wealth is expected to be passed down as part of the Great Wealth Transfer, the largest in U.S. history, according to a new report.
Wealthy individuals don’t just earn more, Kamel says, they think differently about money. They prioritize building assets over liabilities and make financial decisions that help them grow their ...
At the time, many other companies, including Carnegie's were working to establish uniformity of the railroads. These efforts were encouraged by the investments of Carnegies company and on September 7, 1877 the merger was completed with the name the Pittsburgh, New Castle & Lake Erie Railroad.
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The Carnegie Mansion has received architectural commentary over the years. The construction of the mansion spurred other wealthy New Yorkers to build their homes nearby, and Carnegie's presence there influenced the name of the surrounding area, which has come to be called Carnegie Hill. In addition, over the years, the mansion has been depicted ...