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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. Carnegie led the expansion of the American steel industry in the late-19th century and became one of the richest Americans in history. [5]
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 ...
In 1957, Fortune magazine developed a list of the seventy-six wealthiest Americans, which was published in many American newspapers. [6] Jean Paul Getty, when asked his reaction to being named wealthiest American and whether he was worth a billion dollars, said, "You know, if you can count your money, you don't have a billion dollars" and then added, "But remember, a billion dollars isn't ...
The future president would go on to become one of America’s most consequential and dynamic leaders. ... the most powerful land barons of the day were asset rich and cash poor, with wealth that ...
Carnegie's personal experience as an immigrant, who with help from others worked his way and became wealthy, reinforced his belief in a society based on merit, where anyone who worked hard could become successful. This conviction was a major element of his philosophy of giving in general. [20]
Image credits: angry-user #3. Pretty much by definition, an "average" person can't be rich. A small percentage of people get rich by being exceptionally good at, say, music or sports or salesmanship.
Americans believe it now takes an average net worth of $2.5 million to be counted as rich, ... About 1 in 5 of those surveyed said they believe they are on track to become wealthy, Charles Schwab ...
In Gospel of Wealth (1889), Carnegie proselytized the rich about their responsibilities to society. [24] His homily had an enormous influence in its day, and into the 21st century. [25] [26] One early disciple was Phoebe Hearst, wife of the founder of the Hearst dynasty in San Francisco. She expanded the Carnegie approach to include women ...