Andrew Carnegie

Reproduction of the original: James Watt by Andrew Carnegie

Reproduction of the original: James Watt by Andrew Carnegie

Reproduction of the original: James Watt by Andrew Carnegie

Reproduction of the original: An American Four-In-Hand in Britain by Andrew Carnegie

Reproduction of the original: James Watt by Andrew Carnegie

Reproduction of the original: Round the World by Andrew Carnegie

Reproduction of the original: Autobiography by Andrew Carnegie

Reproduction of the original: Autobiography by Andrew Carnegie

Reproduction of the original: Round the World by Andrew Carnegie

Reproduction of the original: An American Four-In-Hand in Britain by Andrew Carnegie

Andrew Carnegie was a Scottish-American industrialist, business magnate, and philanthropist. He led the expansion of the American steel industry in the late 19th century. He later became a leading philanthropist in the United States and in the British Empire. Carnegie was born in Scotland, and emigrated to the United States with his parents in 1848. He first worked as a telegrapher, and by the 1860s had investments in railroads, railroad sleeping cars, bridges, and oil derricks. He later built Pittsburgh's Carnegie Steel Company, sold to J. P. Morgan in 1901 for $480 million, which became the U. S. Steel Corporation. After selling Carnegie Steel, he surpassed John D. Rockefeller as the richest American for the next couple of years. His 1889 article proclaiming "The Gospel of Wealth" called on the rich to use their wealth to improve society, and stimulated a wave of philanthropy. Carnegie devoted the remainder of his life to large-scale philanthropy.

It seems a simple question -- what is money?-- but the answer is more complicated than you'd think. In 1891, America's greatest self-made man, steel tycoon Andrew Carnegie, took on the subject in this essay. Here, he explains: - the historical basis for money as a medium of exchange - the difference between "money" and "currency" - the trouble governments get into when they "make money" - the problems that coming with backing currency with silver - the "good sense" of the gold standard - and more. The ABC of Money: Lessons from a Tycoon offers a highly readable discussion of a basic concept of economics. Also from Cosimo: Carnegie's Round the World, Triumphant Democracy, James Watt, An American Four-in-Hand in Britain, The Empire of Business, The Gospel of Wealth, and the Autobiography of Andrew Carnegie.

Excerpt from The Gospel of Wealth: And Other Timely Essays T is a great pleasure to tell how I served my apprenticeship as a business man. But there seems to be a question preceding this: Why did I become a business man? I am sure that I should never have selected a business career if I had been permitted to choose. The eldest son of parents who were themselves poor, I had, fortunately, to begin to perform some useful work in the world while still very young in order to earn an honest livelihood, and was thus shown even in early boyhood that my duty was to assist my parents and, like them, become, as soon as possible, a bread-winner in the family. What I could get to do, not what I desired, was the question. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.