Title: Andrew Carnegie
Headings: Andrew Carnegie
Andrew Carnegie
Content: In 1901 Frick joined with J. Pierpont Morgan to purchase the Carnegie Company for $500,000,000 and established the U.S. Steel Corporation that was valued at $1.4 billion. Carnegie himself now had a personal fortune of $225,000,000. Carnegie set up a trust fund "for the improvement of mankind." This included the building of 3,000 public libraries (380 in Britain), the Carnegie Institute of Pittsburgh, the Carnegie Institute of Technology and the Carnegie Institution of Washington for research into the natural and physical sciences. Carnegie also established the Endowment for International Peace in an effort to prevent future wars. By the time Andrew Carnegie died in August, 1919, he had given away $350,000,000. A further $125 million was placed with the Carnegie Corporation to carry on his good works. Robert Minor, St Louis Post-Dispatch (1908)