Andrew Carnegie's Childhood

Carnegie's Childhood

Andrew grew up in a home that believed in books and learning. Even though Carnegie had little education and at the age of thirteen, he and his family moved to the United States. After moving, Carnegie worked from dawn to dark at a cotton mill earning $1.20 per week. As he got older, he later began to work for the railroad. He did this into his late 30's and making his first fortune.

Carnegie's Railroad start

How did Carnegie Start His Railroad Work?

When Carnnegie was about 18, Tomas A. Scott employed him to work as a secretary with a salary of $4.00 per week at Pennsylvania Railroad. While he worked on the railroad, Carnegie invested in iron and oil companies making his first fortune. In the early 1870s, he began working in the steel business.

Carnegie's time in Steel

What did Carnegie do in the steel company?

Over two decades, Carnegie created a steel empire. While he did this, he maximized profits and minimized inefficiencies with ownership of factors. These factories included materials like raw materials and transportation infrastructures involving steel making.

After selling his Company

What did Carnegie do after selling his Company?

After Selling his company to J.P. Morgan for $480 million in 1901, he retired from business and distributed his fortune to libraries and churches in the United States and around the world.

Andrew Carnegie's funding to Churches.

What did he fund to?

After funding to libraries, Carnegie funded church organs. By doing this, more than 7,600 pipe organs were given to libraries, churches and civic organizations. This was a way for him to share the world with something he loved.

The Hall of Carnegie

Carnegie's Hall

After planning with his wife and friend, Carnegie funded the construction of a music hall. Costing a total of $1.1million, this hall took less than a year to make. In 1894, Louise Carnegie cemented the cornerstone of the Music Hall and renamed it to Carnegie hall.