How Did Andrew Carnegie's Contributions To Create A Better World

Andrew knew that in order to create a better world there would have to be an extent of world peace. He was growing older and he wanted to make a final mark on the community before he passed away. In fact, Carnegie’s final contributions were toward the funding of peace movements. World War I was commencing at this time, and although he was unsuccessful, he did a great deal to prevent it from taking place. Previously in his life, he had given away 350 million dollars in donations, which left him with approximately thirty million. He donated a portion of this extra money to support the Peace Palace. The Peace Palace was an organization that aimed at bettering relations worldwide and came up with proposals to promote world peace (“Andrew Carnegie:
Andrew saw that urbanization and population growth were occurring. These changes and growths were generating a larger income gap between the upper and lower classes (Carnegie). Due to the fact that he grew up with the tough working conditions, he aimed to give back as much as he could. Additionally, he made sure the money he was giving back was not to be wasted. He stated in his article, “The Gospel of Wealth,” “Of every thousand dollars spent in so called charity to-day, it is probable that $950 is unwisely spent…” (Carnegie). This quote exemplifies how he was altruistic toward society, but he wanted to make sure it all went to the right causes. Furthermore, to assist others, Andrew tried to make his outputs as affordable as possible (Carnegie). By the means of vertical consolidation, he was able to lower the prices in the steel and railroad industries (“The New Tycoons”). Vertical consolidation is the process where an individual buys other businesses that sell the same items as his or her own company. This enables the lowering of prices on her or his own product due to the absence of competition. Carnegie bought out rail and mining companies in order to reduce the costs of his products so they could become more affordable for the average consumer to purchase (“The New Tycoons”). Andrew empathized, from prior experience, for the working class citizens who were incapable to buy steel made products. He recognized that he needed to do his part to help them out (Carnegie). He states “This...is held to be the duty of the man of Wealth: First, to set an example of modest, unostentatious living, shunning display or extravagance.” (Carnegie). This quote and his actions demonstrate that the wealthy should not boast about what they have, but instead give some of what they have to those who are