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Relations with Andrew Carnegie
According to David Nasaw, after 1898, when the United States entered a war with Spain, industrialist Andrew Carnegie increasingly devoted his energy to supporting pacifism.  He sold his steel company and now had the time and the dollars to make an impact.  Carnegie strongly opposed the war with Spain and the subsequent imperialistic American takeover of the Philippines. When Roosevelt became president in 1901, Carnegie and Roosevelt were in frequent contact.  They exchanged letters, communicated through mutual friends such as Secretary of State John Hay, and met in person. Carnegie offered a steady stream of advice on foreign policy, especially on arbitration. Carnegie hoped that Roosevelt would turn the Philippines free, not realizing he was more of an imperialist and believer in warrior virtues than President McKinley had been.  He saluted Roosevelt for forcing Germany and Britain to arbitrate their conflict with Venezuela in 1903, and especially for becoming the mediator who negotiated an end to the war between Russia and Japan in 1907–1908. Roosevelt relied on Carnegie for financing his expedition to Africa in 1909. 