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while working at the railroad he made multiple fortuitous investments and makes 42,000$ as his income -
Andrew Carnegie was born on November 25th 1835 in Dunfermine Scotland -
At age 12 due to a horrible economic depression, Ireland Carneigies family Immigrated to America. His family moved to a Scottish Village in Allegany Pennsylvania -
He immediately started working in a cotton mill earning a 1.20$ a week -
He then got a job at a telegraph service. After he taught himself telegraphy he became Thomas Scott’s personal assistant. -
job after Scott moved to a higher level. He then spent 12 years at that level with the railroad companies. -
In 1865 Carnegie helped build the Keystone bridge company. This company replaced wooden railroad bridges with steel. -
In 1873 he met Henry Bessemer who invented a new iron to steel converter. -
After doing so once he came back to Pittsburgh he created the J. Edgar Thomason steel Mill while using Henry bessemer's ideas. -
Carnegie donated and funded 2507 libraries -
Carnegie poured all his holding into the Carnegie steel company making it the largest steel company in the world. -
Carnegie funded over 500 colleges with his Carnegie endowment for education and even made Carnegie Mellon College. -
In 1901 Carnegie sold his steel company to JP Morgan's steel for 250 million dollars and from that point on he devoted himself to various philanthropic projects. -
Through Carnegie Corporation of New York, the innovative philanthropic foundation he established in 1911, his fortune has since supported everything from the discovery of insulin and the dismantling of nuclear weapons. -
Andrew Carnegie died at the age of 84 on August 11, 1919, in Lenox, Massachusetts. His death was brought on by pneumonia, but his wife and others speculated that his frustrating and unsuccessful attempts at securing peace during World War I—as well as its outcome—weakened him.