Wasn't..... The Andrew Carnegie Foundation gave hundreds of millions to charities. This is what can be achieved through successful business.
Andrew Carnegie (November 25, 1835 – August 11, 1919) was a Scottish-American businessman, a major and widely respected philanthropist, and the founder of the Carnegie Steel Company which later became U.S. Steel. He is known for having built one of the most powerful and influential corporations in United States history, and, later in his life, giving away most of his riches to fund the establishment of many libraries, schools, and universities in Scotland, America and worldwide. Carnegie, a poor boy with fierce ambition, a pleasant personality, and devoted to both hard work and self improvement, started as a telegrapher. By the 1860s he had investments in railroads, railroad sleeping cars, as well as bridges and oil derricks, and built a fortune as a bond salesman raising money in Europe for American enterprises. Steel was where he found his fortune. In the 1870s he founded the Carnegie Steel Company, a step which cemented his name as one of the “Captains of Industry”. By the 1890s it was the largest and most profitable industrial enterprise in the world. He sold it to J.P. Morgan's US Steel in 1901 and devoted the remainder of his life to large scale philanthropy, with special emphasis on local libraries, world peace, and scientific research.
2007-02-20 04:55:23
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answer #1
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answered by aiminhigh24u2 6
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This sounds like a homework question and an extremely biased one at that. It scares me how our public school system has turned into a incubator for young liberals.
2007-02-20 05:06:01
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answer #2
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answered by cornbread 4
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