PHILANTHROPIST, ENTREPRENEUR, Pioneer in the steel industry
Andrew Carnegie was born in Dunfermline, Scotland, on November 25, 1835. At thirteen, his family migrated to Allegheny, Pennsylvania. The entire family worked-his first job was working as a bobbin boy in a Pittsburgh factory, while his father wove and peddled linens, and his mother bound shoes. In 1850 Carnegie started work as a telegrapher, and was soon promoted. In 1853 however, he started a job at the Pennsylvania Railroad Company. He rose through the ranks and was soon named the superintendent of the Pittsburgh Division. Soon Carnegie started investing in various companies and en devours, which slowly but steadily increased his wealth. In the early 1870's, Carnegie started in the steel industry, and over the course of 20 some years amassed a huge fortune. In 1901, he sold his company-Carnegie Steel Company-to J.P. Morgan for $480 million. After this, he started to become more and more interested in Philanthropy. He helped promote the spread of the English language, and established many libraries in various locations. He donated a significant portion of his wealth to the public for things like music halls, more libraries, and even an Institute of Technology.
The video above shows a brief history of Carnegie's role in the steel industry.