Andrew Carnegie got a job at a local cotton factory with his father. His wage was little over a dollar. (Carnegie, 1919) His perseverance to improve his position in the company was one of his many positive attributes that helped …show more content…
This helped recover from some of his tainted reputation. From 1900 going forward, public attention was now on the philanthropist-spirited way in which he portrayed himself after leaving the industrial business. After selling his company, Carnegie’s fortune grew $225,639,000, which is about $6.64 billion today. He had written about his views subjects of society and wealth responsibilities in the pieces Triumphant Democracy (1886) and Gospel of Wealth (1889). Andrew Carnegie donated a good bit of his fortune, in 1901, to establish what is called The Carnegie Confusion. This consists of over 25 companies around the world. (Science, C) Carnegie also created the “Carnegie Institution of Washington”, in Washington D.C. In 2007, the institution changed the name to "Carnegie Institution for Science”. The “Carnegie Hero Fund Commission” was created to recognize someone who performed an extraordinary act of heroism in America. This fund also provides financial assistance to one who is disabled because of a heroic act or to the dependents of a hero killed attempting to save someone else. The Carnegie Hero Fund was established in 1904 by Andrew Carnegie and had a trust fund of $5 million to start. It is still prevalent in America and Canada today for those civilians who perform a heroic act. (Carnegie Hero Fund Commission, 2017) Andrew Carnegie also created the Carnegie Endowment for Internal Peace (CEIP) in 1910. Carnegie had …show more content…
With this being said, should Andrew Carnegie still be considered the richest man the world has ever seen? If someone is measuring wealth based on the monetary value alone, it is a tight race between Alan Rufus (also known as Alan the Red), John D. Rockefeller and Andrew Carnegie. If someone is measuring wealth based on power or how much ownership of business, it is, again, a tight race between Genghis Khan, Joseph Stalin, and Andrew Carnegie. The only people who may be richer than Carnegie are Mansa Musa, Emperor Shenzong and Augustus Caesar, which we cannot validate because of how far back in history they are in. The point being, Andrew Carnegie was one of the richest people in the world. However, as stated in the introduction, Carnegie’s wealth goes far beyond monetary value. One can argue about the ways Carnegie obtained his money but none were illegal. To some people, Carnegie is the spitting image of the ideal American dream. He started as an immigrant from Scotland coming to America and became one of the most successful people on earth. His philanthropist works are not just with charities but his philanthropy works were used to back independence in the United States and promote democracy. Upon Carnegie’s death, he had already given away $350,695,653, about $76.9 billion today, of his wealth. His remaining $30,000,000 was given to various charities and foundations which he had shown