Monday, September 26, 2011

Andrew Carnegie as a Philanthropist

After Andrew Carnegie retired in 1901 as one of the worlds richest men, he decided to give a lot of his money to charity's that helped with education. He went by the "Gospel of Wealth" that meant he had an obligation as a wealthy person to give to the less fortunate. He started the Carnegie Institution in 1902 that helped aid in scientific research and a teacher financial aid program. Throughout the rest of his life, he built over 2,000 public libraries and $125 million to the Carnegie Corporation that helped out colleges and schools. He also started the Carnegie Endowment for International peace and aided in the construction of the Hague Palace of Peace. By 1911, Carnegie had already donated and given away about 90% of his fortune he had earned.  This is the link you can find all this information on.