Title: Andrew Carnegie: The railroad and steel magnate who played his more imperative role as a Philanthropist
Headings: Andrew Carnegie: The railroad and steel magnate who played his more imperative role as a Philanthropist
Andrew Carnegie: The railroad and steel magnate who played his more imperative role as a Philanthropist
Content: Puck magazine cartoon by Louis Dalrymple, 1903
When it came to helping educational causes, Carnegie was just as dedicated as he was to starting libraries. He donated $2 million dollars in 1901 to start the Carnegie Institute of Technology in Pittsburgh, which would morph into the now-prestigious Carnegie Mellon University. Along with Booker T. Washington, Carnegie was a major benefactor in the development of the Tuskegee Institute. He also started the Carnegie Institution for Science in Washington, D.C.
However, Carnegie did not limit his support of higher education only to the United States. $10 million dollars was given for the creation of the Carnegie Trust for the Universities of Scotland– the money went to furthering scientific research and helping students to attend universities in his native country. When he died in 1919 of pneumonia, Carnegie left $30,000,000 to numerous foundations and charities, About Education reported. Carnegie, right, with James Bryce, 1st Viscount Bryce
Andrew Carnegie had a double-sided nature – ruthless steel magnate-entrepreneur and a caring benefactor. His generosity continues to help people around the world and provides a model for modern billionaires who often follow Carnegie’s example in using their fortunes to further educational and social progress. Here is another story from us: Alfred Nobel created the Nobel Prize as a false obituary declared him “The Merchant of Death”
As Carnegie himself explained his life, “I resolved to stop accumulating and begin the infinitely more serious and difficult task of wise distribution.”