Andrew Carnegie's The Gospel Of Wealth

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Topics: Andrew Carnegie
A self-made millionaire that started from rock bottom, Andrew Carnegie altered and helped to construct how America is today. He was able to achieve this through his ownership of the Carnegie Steel Company, and his generosity that is described within his book, The Gospel Of Wealth, that discussed his views on how the wealthy had an obligation to give back to society. Carnegie’s philanthropy work was able to highlight his love for education by giving money for establishments of Libraries and foundations.
Early life for Carnegie was not what most people expected it to be for a millionaire. Andrew Carnegie was not born in a wealthy family, yet he was able to be deemed the title of one the richest men alive. Born on November 25, 1835 as a boy from
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Scott, Andrew’s boss at the time, informed and brought Andrew’s attention to the sale of ten shares in the Adams Express Company. This would be the first investment Andrew would make. Andrew was able to buy the stocks due to the mortgage of his family’s house. The five hundred dollars used for the shares, was money well spent, Andrew is just getting to see the start of the increasing amount of money that is flowing from these investments. Later Andrew Carnegie was approached by Theodore Woodruff that would share his ideas to Andrew about sleeping cars on railways. Theodore offered Carnegie a share in the Woodruff Sleeping Car Company, Andrew accepted the offer and the company became successful. Later on, Andrew Andrew invested in oil, the Keystone Bridge Company, a company that would offer services of constructing bridges for railways and roads, racking up lots of profit. The Keystone bridge company would contribute to Fairground Steel Bridge, Kansas City Bridge, Keystone Bridge, and many more. This would help with transportation and accessibility of people and supplies that would help benefit the community.
The investments Carnegie made, would lead to the ownership of Carnegie Steel Company. The road to Carnegie Steel Company would start with the investments he had made. He also bought The Homestead Steel Works, which would later develop into Carnegie Steel Company. This would bring Andrew Carnegie tons of money into his

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