Carnegie Steel Company
Andrew Carnegie was a Scottish immigrant who moved to America with his parents in 1848. Working his way up the economic ladder through many small jobs, he eventually built the Carnegie Steel Company. Making his fortune in the steel industry, Carnegie soon became in control of the most extensive and integrated steel operation ever owned my one man in the United States. His work influenced the major growth of the steel market in the U.S. which soon over-passed the U.K's.
In 1901, Carnegie began to consider retirement and soon drew the attention of John Pierpoint Morgan who envisioned an integrated steel industry which would raise workers' wages, lower consumer costs, and increase product quantity. He bought out Carnegie and many other industries and formed them all into the United States Steel Corporation.
With his money, Carnegie donated to form many libraries, schools, and universities. His shrewd, businessman nature had gained him many fortunes which he decided to share with others based on his beliefs found the the Gospel of Wealth.
After 1901, he spent his time dedicating his life to spreading the ideas of philanthropy. A large influence through these ideas was The Gospel of Wealth which stated large sums of money should not be placed into the hands of those who could not handle it properly. He was therefore asking that entrepreneurs distributed their wealth for good and not waste it. This became very controversial and many businessmen disagreed with his ideas.