Title: Andrew Carnegie: His Contribution to Society Today | SpecialEssays.com
Headings: Andrew Carnegie: His Contribution to Society Today
Andrew Carnegie: His Contribution to Society Today
The main field of charitable investments for Andrew Carnegie was construction of public libraries
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Content: Rockefeller, Ford, Reynolds, McCormick, a total of 12 dynasties had their own charitable foundations by 1940. At the age of 33, with an annual income of 50 thousand dollars, Carnegie wrote, “Beyond this, I need ever earn, make no effort to increase my fortune, but spend the surplus each year for benevolent purposes!” ( cited in Lagemann 13). Carnegie was engaged in charity after retiring from business. The first large donation to his hometown was a bath, built in 1873. He developed the theory, according to which one should devote the first part of life to gathering money and the second to giving this money away. The total amount of donations spent by Carnegie was about $350 million. 62 million were donated to the British Empire, and 288 million to the US (Nasaw 42). The main field of charitable investments for Andrew Carnegie was construction of public libraries
In his youth, he spent much time in the free Library, established by Colonel James Anderson in Pittsburgh, because gaps in education were a major difficulty in Carnegie’s life. At that time, there were only a few public libraries throughout the world.