Monday, September 26, 2011

Andrew Carnegie

WHEN, WHY, and HOW did Carnegie give away money? 


Carnegie used his money to help many foundations but disliked charity due to believing in the value of hard work instead of giving money away. This is why he used his money to create the Carnegie Institution which help fund many cultural, educational, and scientific institutions in the 19th century and still today. He used his money to build over 2500 libraries, and he also gave 125 million dollars to a foundation called the Carnegie Corporation which helps colleges and schools. Andrew Carnegie used to live next door to a wealthy man named Colonel James Anderson who would allow working boys to use his library for free due to the United States of America not having a system of public libraries. Andrew Carnegie never forgot the Colonel's generosity and supported education since then. Andrew Carnegie was a firm believer of World Peace. He decided to create the Carnegie Endowment for International Peace and and also funded the building of the Hague Palace of Peace. Which is known as the World Court in the Netherlands in 1911.  


I learned about Carnegie here  and here.