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The Autobiography of Andrew Carnegie

by Andrew Carnegie
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The Ultimate Rags-to-Riches Story

The Autobiography of Andrew Carnegie is a timeless and inspiring account of one of America's most influential businessmen and philanthropists. Published posthumously in 1920, the book offers a firsthand look at the life of a man who embodied the American Dream. Carnegie’s narrative provides a compelling window into the Gilded Age, chronicling his journey from a poor Scottish immigrant to the world's wealthiest man and a dedicated humanitarian. The book is not just a story of financial success; it is a profound philosophical work on the proper use of wealth.

From Poverty to Industrial Power

Carnegie's autobiography begins with his humble origins in Dunfermline, Scotland, and his family's difficult decision to immigrate to the United States in search of a better life. He recounts his early days as a factory worker and a telegraph messenger boy, emphasizing the importance of hard work, thrift, and a relentless drive for self-improvement. He details his early investments, his shrewd business decisions, and the establishment of his steel empire, the Carnegie Steel Company. His narrative is filled with anecdotes about his business ventures, his relationships with mentors, and the principles he followed to build his immense fortune. He presents his business success not as a matter of luck, but as the result of a clear vision, strategic thinking, and the relentless pursuit of efficiency.

The Gospel of Wealth and Philanthropy

The latter part of the autobiography focuses on what Carnegie considered the most important phase of his life: his philanthropy. He outlines his famous philosophy, "The Gospel of Wealth," arguing that the accumulation of wealth is merely a temporary trusteeship. He believed that the wealthy had a moral obligation to give away their fortunes for the public good, particularly in ways that would help others help themselves. The book details his tireless efforts to fund public libraries, educational institutions, international peace organizations, and scientific research. His mission was to use his wealth to uplift society and leave a lasting legacy of positive change

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Publisher: Boston, New York, Houghton Mifflin Co.
Publication date: 19/08/2025
Pages: 18
Subject: Biographies&History
About the Author

Andrew Carnegie (1835-1919) was a Scottish-American industrialist and philanthropist who led the expansion of the American steel industry in the late 19th century. Born into a poor family, he and his parents immigrated to the United States in 1848, settling in Allegheny, Pennsylvania. He began his career as a bobbin boy in a cotton factory at age 13, earning just $1.20 a week. Through a series of smart investments and a keen business sense, he quickly rose through the ranks.

Carnegie’s leadership in the steel industry made him one of the wealthiest men in history. However, he is perhaps best known for his later life as a philanthropist. He believed that the wealthy should donate their riches to benefit society. He sold his steel company to J.P. Morgan for $480 million in 1901 and dedicated the rest of his life to philanthropy, giving away approximately 90% of his fortune. His foundations established over 2,500 public libraries, built Carnegie Hall in New York, and supported countless other educational and peace initiatives. His autobiography and his essay, "The Gospel of Wealth," are foundational texts that continue to influence modern philanthropy.

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