Andrew Carnegie on Founding and Origins

26 INDEXED REFERENCES1920–20245 SHOWN FREE

How a business was started, the founding insight, and the conditions that shaped its first chapter.

SELECTED REFERENCES

2024 · Carnegie Mellon University

Carnegie Mellon University — History

The Carnegie Mellon University history page records that Andrew Carnegie, the steel magnate and philanthropist, founded the institution in 1900 as the Carnegie Technical Schools with an initial gift, originally stipulating that the school would not grant degrees and would instead train the sons and daughters of working-class Pittsburgh families for practical industrial employment. The page records that the institution was rechartered as the Carnegie Institute of Technology in 1912 to begin granting degrees, and that the founding phrase My heart is in the work, taken from Carnegie's founding letter to the city of Pittsburgh, remains the operating motto of the modern university. The page treats the founding as a direct product of Carnegie's Gospel of Wealth philosophy and as the institutional anchor of his broader educational philanthropy, alongside the Carnegie Corporation and the Carnegie Foundation for the Advancement of Teaching.

2024 · Wikipedia

Carnegie Mellon University

The Wikipedia article on Carnegie Mellon University records that the institution was founded in 1900 by Andrew Carnegie as the Carnegie Technical Schools, with an initial endowment of one million dollars, and that it was rechartered in 1912 as the Carnegie Institute of Technology, before merging in 1967 with the Mellon Institute of Industrial Research to form Carnegie Mellon University. The article treats the founding as a direct expression of Carnegie's Gospel of Wealth thesis applied to technical education, in which the founder's capital was used to create an institution whose graduates would, in turn, expand industrial and scientific capacity. The article notes that Carnegie originally stipulated that the school would not grant degrees, focusing instead on practical training for the sons of workingmen, and that the degree-granting recharter of 1912 was the institutional evolution that positioned the school for the merger that produced the modern research university.

2024 · Wikipedia

Carnegie Hero Fund

The Wikipedia article on the Carnegie Hero Fund records that the Commission was established in Pittsburgh, Pennsylvania, in 1904 with a trust fund of five million dollars by Andrew Carnegie, and that it was founded to recognize persons who perform extraordinary acts of heroism in civilian life in the United States and Canada and to provide financial assistance for those disabled and the dependents of those killed saving or attempting to save others. The article records that the fund was inspired by Selwyn M. Taylor and Daniel A. Lyle, who gave their lives in rescue attempts following the Harwick Mine disaster in Harwick, Pennsylvania, just outside Pittsburgh, on January 25, 1904, a disaster that claimed one hundred eighty-one lives including Taylor and Lyle. Carnegie had medals privately minted for their families and, within two months, wrote the Hero Fund's governing Deed of Trust, adopted by the newly created commission on April 15, 1904.

2024 · Carnegie Hero Fund Commission

Carnegie Hero Fund Commission — Mission

The Carnegie Hero Fund Commission's own mission page records that the institution's two-fold mission is to recognize and support those who perform acts of heroism in civilian life in the United States and Canada, and quotes Carnegie's founding Deed of Trust from 1904: We live in a heroic age, he wrote, and not seldom are we thrilled by deeds of heroism where men or women are injured or lose their lives in attempting to preserve or rescue their fellows. The page records that Carnegie's hero fund, administered by a twenty-one-member volunteer commission in Pittsburgh, was charged with honoring those he called the heroes of civilization, whose lifesaving actions he set against the heroes of barbarism who maim or kill their fellow man. The page notes that the mission has remained unchanged over more than a century despite massive upheaval in the social and world order, which it treats as testament both to Carnegie's foresight and to the essentially unchanging nature of human courage.

2024 · Wikipedia

Carnegie Endowment for International Peace

The Wikipedia article on the Carnegie Endowment for International Peace records that the institution was founded by Andrew Carnegie in 1910 with an initial endowment of ten million dollars and that its stated mission was to hasten the abolition of war, the foulest blot upon our civilization. The article records that Elihu Root, the former Secretary of State and Secretary of War, was selected as the Endowment's first president and that Root organized the institution's early program around international law, arbitration, and the promotion of the Hague Conventions. The article treats the founding as the institutional form of Carnegie's growing preoccupation with the abolition of war, a preoccupation intensified by his transatlantic correspondence with British statesmen including Gladstone, Morley, Rosebery, and Bryce, and made concrete in the Endowment's permanent staff and endowment. The institution survives today as the Carnegie Endowment for International Peace, a Washington-based foreign-policy think tank.

2024 · Wikipedia

Carnegie Foundation for the Advancement of Teaching

The Wikipedia article on the Carnegie Foundation for the Advancement of Teaching records that the institution was established by Andrew Carnegie in 1905 with an initial endowment of five million dollars, that Henry S. Pritchett was selected as its first president, and that the Foundation's original program was a system of pensions for retired college and university professors that subsequently evolved into the Teachers Insurance and Annuity Association, today known as TIAA. The article records that the Foundation's broader mission was to do all things necessary to encourage, uphold, and dignify the profession of teaching, and that the institution subsequently undertook the standardization of American medical education through Abraham Flexner's 1910 report, the Carnegie Foundation Bulletin Number Four, which ranked and classified American medical schools and led to the closure of many substandard ones. The pensions-plus-standardization posture is the operating template for Carnegie's approach to institutional philanthropy.

2024 · Wikipedia

Carnegie library

The Wikipedia article on the Carnegie library records that two thousand five hundred nine Carnegie libraries were built worldwide between 1883 and 1929, that one thousand six hundred eighty-nine of those were built in the United States, and that the program was the largest single private library-building program in history. The article treats the program as the most visible and geographically distributed expression of Carnegie's Gospel of Wealth thesis, since a Carnegie library building stands in nearly every substantial American town and city that existed by 1920, and since the institutional form of the free public library was thereby made permanent across the country. The article notes that the libraries are today a recognizable architectural type — portico, stone construction, the words Carnegie Library carved into the cornice — and that they are studied as a coherent body of public architecture and as a category of philanthropic intervention in American civic life.

2024 · Wikipedia

Carnegie Hall

The Wikipedia article on Carnegie Hall records that the concert venue at Seventh Avenue and Fifty-Seventh Street in Manhattan was built by Andrew Carnegie in 1891, that the architect was William Tuthill, and that Pyotr Tchaikovsky traveled to New York to conduct the opening-night concert on May 5, 1891, an event that established the venue's international musical standing from its first night. The article records that Carnegie funded the construction as a personal project and that the hall was initially called simply the Music Hall, with the founder's name attached within the first few years by popular usage. The article treats Carnegie Hall as the cultural-institutional counterpart to the library program, in which the founder's capital was used to create a permanent physical venue for high culture in the country's commercial capital, and notes that the hall has remained in continuous operation since 1891 and is today a National Historic Landmark.

2024 · Wikipedia

Edgar Thomson Steel Works

The Wikipedia article on the Edgar Thomson Steel Works records that the works were built at Braddock, Pennsylvania, on the Monongahela River, beginning in 1872, and that they were named after J. Edgar Thomson, the president of the Pennsylvania Railroad, who had been Carnegie's mentor and whose railroad ran adjacent to the site. The article records that the works began producing Bessemer-process steel rails in September 1875 and that they were the first major American installation of the Bessemer process for steel-rail production at industrial scale, displacing imported British steel rails in the American market within a few years. The article treats the choice of location — adjacent rail, river, and coke supplies — as the foundational vertical-integration bet of the Carnegie system, the operating decision that made the cheap-steel advantage reproducible and that turned the Edgar Thomson works into the seed plant of the entire Carnegie Steel Company.

2024 · Wikipedia

Henry Clay Frick

The Wikipedia article on Henry Clay Frick records that he built the H. C. Frick & Company coke business in the Connellsville coal district of southwestern Pennsylvania in the 1870s, that Carnegie brought him into the Carnegie Steel partnership in 1882 to supply coke and to manage operations, and that Frick became chairman of Carnegie Steel in 1889, the operating executive who expanded the firm through the critical decade preceding the 1901 sale. The article records that Frick's Connellsville coke ovens were a decisive element of the Carnegie vertical-integration strategy, since cheap and reliable coke supply was the bottleneck variable in pig-iron production, and that the Carnegie-Frick combination integrated iron ore, coke, transport, and steel-making into a single controlled system. The article treats the partnership as the central operating alliance of the Carnegie Steel period, and the rupture between the two men after the Homestead strike as the central personal fracture of Carnegie's career.

2024 · Wikipedia

U.S. Steel

The Wikipedia article on the United States Steel Corporation records that the company was formed by J. P. Morgan on March 2, 1901, through the merger of the Carnegie Steel Company with the Federal Steel Company and the National Steel Company, that the consolidated entity was capitalized at one billion four hundred million dollars, equivalent to about fifty-four billion dollars in 2025, and that this capitalization made U. S. Steel the world's first billion-dollar corporation. The article records that the consolidated acquisition price was roughly four hundred ninety-two million dollars and that the new corporation was capitalized at a multiple of that acquisition cost through the issuance of preferred and common stock, and that U. S. Steel produced roughly two-thirds of the steel in the United States in its founding year. The article treats the formation of U. S. Steel as the founding transaction of the American supereconomy and as the institutional expression of the consolidation phase of American industry.

2024 · Wikipedia

J. P. Morgan

The Wikipedia article on J. P. Morgan records that the banker concluded negotiations with Andrew Carnegie on March 2, 1901, and formed the United States Steel Corporation as the largest business consolidation up to that time, that the letter agreeing to buy Carnegie's share was signed on February 26, 1901, and that the transaction was concluded with a famously short handshake rather than a detailed written contract, with Morgan reported to have said to Carnegie that he congratulated him on being the richest man in the world. The article records that Carnegie, in turn, refused to take common stock in the new corporation, accepting only preferred stock and gold bonds, and that Morgan later told Carnegie he could have obtained roughly one hundred million dollars more had he insisted. The article treats the 1901 transaction as the canonical Morgan consolidation, in which the banker brought order to a fragmented American industry by purchasing and combining the leading producers under a single corporate roof.

2024 · Wikipedia

Andrew Carnegie

Andrew Carnegie, born November 25, 1835, in Dunfermline, Fife, Scotland, and dying August 11, 1919, at Lenox, Massachusetts, is recorded by his Wikipedia biography as a Scottish-American industrialist and philanthropist whose 1889 article proclaiming the Gospel of Wealth called on the rich to use their wealth to improve society, expressed support for progressive taxation and an estate tax, and stimulated a wave of philanthropy. The biography identifies his leading role in founding and leading the Carnegie Steel Company and a dense list of named institutions — the Carnegie Library, Carnegie Hall, the Carnegie Institution for Science, the Carnegie Corporation of New York, the Carnegie Endowment for International Peace, Carnegie Mellon University, and others — each of which survives the founder by more than a century as the operating evidence for the philanthropic thesis he published in middle age and as the institutional architecture that made his fortune durable.

2024 · Wikipedia

Carnegie Steel Company

The Wikipedia article on the Carnegie Steel Company records that Carnegie began construction of his first steel mill, the Edgar Thomson Steel Works, in 1872 at Braddock, Pennsylvania, that the works began producing rails in 1874, and that by a combination of low wages, efficient technology, infrastructure investment, and an efficient organization the mill produced cheap steel that sold for large profit in the growing markets of industrial development. The article records Carnegie's own estimate that forty percent was returned on the investment — a profit of forty thousand dollars on a hundred-thousand-dollar investment in the mill — and treats the figure as the seed capital for the entire Carnegie Steel system, since the profits from Edgar Thomson were substantial enough to let Carnegie and his partners, including Henry Clay Frick, his cousin George Lauder, and Henry Phipps Jr., buy other nearby steel mills.

2024 · Wikipedia

Carnegie Corporation of New York

The Wikipedia article on the Carnegie Corporation records that it was established by Andrew Carnegie in 1911, formally on June 9 of that year, with an initial endowment of one hundred twenty-five million dollars, and that its founding mission, in Carnegie's own language, was to promote the advancement and diffusion of knowledge and understanding. The article treats the Corporation as the capstone of Carnegie's philanthropic architecture and as the residual legatee of his personal fortune, designed to outlive him and to disburse the remaining corpus over an indefinite horizon across the fields Carnegie had prioritized: education, science, libraries, and international peace. The article notes that the Corporation is headquartered at 437 Madison Avenue in Manhattan, that it remains one of the largest American private foundations, and that it has continued to operate for more than a century past its founding, the institutional expression of Carnegie's founder-thesis.

2024 · Wikipedia

Edgar Thomson Steel Works

The Wikipedia article on the Edgar Thomson Steel Works records that Carnegie had visited Bessemer steel plants in England in 1872 and that he secured the American rights to the Bessemer process for rail production, that the works were designed by Alexander Lyman Holley, the leading American Bessemer engineer, and that the plant's two Bessemer converters and rail-rolling mill established the production template copied by later American Bessemer plants. The article notes that the Edgar Thomson works continued in operation under U. S. Steel after the 1901 acquisition and that the works were substantially modernized over the following decades with open-hearth furnaces and, eventually, basic-oxygen-process steelmaking. The article treats the works as the still-operating physical foundation of Carnegie's steel fortune, since steel has been produced continuously on the Braddock site from 1875 to the present, making it one of the longest continuously operating steelmaking sites in the United States.

2024 · Wikipedia

Carnegie library

The Wikipedia article on the Carnegie library records that the first library Carnegie funded was at Dunfermline, Scotland, in 1881, his birthplace, and that the grant formula required the receiving community to provide the land, to staff and maintain the library, and to commit annually to operating funds equal to ten percent of the original grant. The article treats this matching-and-maintenance formula as the operational signature of Carnegie's philanthropy, in which the founder's capital was used to seed local institutions on condition of permanent local support, and notes that the formula was applied across the United States, the United Kingdom, Australia, New Zealand, the Caribbean, and elsewhere in the British Empire. The article notes that the program cost Carnegie roughly sixty million dollars over its lifetime and that he is recorded as having spent more on libraries than any other individual in history.

2024 · Wikipedia

Carnegie Steel Company

The Wikipedia article on the Carnegie Steel Company records that the firm acquired the Homestead Steel Works in 1883 and that Henry Clay Frick proposed the consolidation of the various plants and assets, including H. C. Frick & Company, into a single operating entity, a consolidation that occurred on July 1, 1892, with the formation of the Carnegie Steel Company. The article records that the company headquarters were located in the Carnegie Building, an early skyscraper in Downtown Pittsburgh later demolished in 1952, and that Carnegie Steel made major technological innovations in the 1880s, especially the installation of the open-hearth furnace system at Homestead in 1886, along with vastly improved material-handling systems including overhead cranes, hoists, charging machines, and buggies. The combination of consolidation and mechanization is the operational basis for the scale advantage that made the firm Morgan's acquisition target in 1901.

2024 · Wikipedia

U.S. Steel

The Wikipedia article on the United States Steel Corporation records that Charles M. Schwab, the Carnegie Steel executive who originally suggested the merger to Morgan, ultimately emerged as the new corporation's first president, and that the formation was financed with significant debt because Andrew Carnegie demanded gold bonds for his share of the Carnegie Steel proceeds. The article records that U. S. Steel maintained the labor policies of Andrew Carnegie — that is, the non-union posture that prevailed at Carnegie Steel after the 1892 Homestead strike — and that the Amalgamated Association of Iron and Steel Workers union that had represented workers at the Homestead plant remained broken for many years. The article notes that U. S. Steel defeated another strike in 1901, the year of its founding, and that the firm was listed on the Dow Jones Industrial Average from April 1, 1901, until May 3, 1991, a continuous ninety-year presence as a constituent of the index.

2024 · Wikipedia

Carnegie Mellon University

The Wikipedia article on Carnegie Mellon records that the merger with the Mellon Institute in 1967 created the present research university, that the Mellon Institute had itself been founded in 1913 by Andrew Mellon and Richard B. Mellon of the Mellon banking family as an independent industrial research laboratory, and that the combined institution retained the Carnegie name as the public brand while absorbing the Mellon scientific research apparatus. The article notes that the university's motto, adopted from Carnegie's founding statement, is My heart is in the work, and that the institution has subsequently become a leading American research university particularly identified with computer science, robotics, and engineering, with the school's computer science program regularly ranked at or near the top of American programs. The Carnegie-Mellon merger is the institutional embodiment of the founder-thesis: capital from a steel fortune and capital from a banking fortune, applied decades apart, eventually consolidated into a single operating institution.

2024 · Wikipedia

Carnegie Hero Fund

The Wikipedia article on the Carnegie Hero Fund records that Carnegie expanded the concept to Europe with the establishment on September 21, 1908, of the British Carnegie Hero Fund Trust, based in Dunfermline, Scotland, and that within the next three years equivalent foundations followed in nine other European countries: the French Fondation Carnegie in 1909, the German Carnegie Stiftung für Lebensretter in late 1910, the Norwegian Carnegie Heltefond for Norge in March 1911, the Dutch Stichting Carnegie Heldenfonds in March 1911, the Swiss Fondation Carnegie pour les Sauveteurs in April 1911, the Belgian Carnegie Hero Fund Commission in July 1911, the Italian Fondazione Carnegie in September 1911, the Swedish Carnegiestiftelsen in October 1911, and the Danish Carnegies Belønningsfond for Heltemod in December 1911. The article treats this European expansion as a single sustained program that took the Hero Fund from a Pittsburgh idea to a transatlantic network in seven years.

2024 · Wikipedia

Andrew Carnegie

Carnegie's Wikipedia biography records his earliest American employment as a cotton-mill bobbin boy after his family migrated to Allegheny City, Pennsylvania, in 1848, with subsequent work as a telegrapher, and that by the 1860s he had investments in railroads, railroad sleeping cars, bridges, and oil derricks. The biography frames the 1860s as the diversified-capital phase that preceded his concentrated steel bet, and notes that the cotton-mill and telegrapher years were the formative discipline from which his later cost-conscious and operator-minded management style descended. The progression from bobbin boy to telegrapher to railroad executive to sleeping-car and bridge investor to oil-derrick speculator and finally to integrated steelmaker is the canonical Carnegie arc the biography uses to explain how an immigrant weaver's son assembled the personal capital and operating apprenticeship that made the Carnegie Steel bet possible at all, and how a decade of small stakes preceded the million-dollar steel venture.

2024 · Wikipedia

Andrew Carnegie

Carnegie's Wikipedia biography records that he married Louise Whitfield in 1887 and that the couple's only child, Margaret Carnegie, was born in 1897, with the family dividing its time among New York, Skibo Castle in Sutherland, Scotland, purchased in 1898, and a winter estate in Lenox, Massachusetts, where Carnegie died on August 11, 1919, of bronchial pneumonia at the age of eighty-three. The biography notes that he was buried at Sleepy Hollow Cemetery in North Tarrytown, New York, and that at the time of his death he had already given away approximately three hundred fifty million dollars of his personal fortune, with the residual balance left to the Carnegie Corporation of New York for continued distribution. The geography of the family's residence — New York business base, Highland summer estate, Berkshire winter retreat — frames the post-1901 philanthropist phase as a transatlantic life rather than a Pittsburgh operating life.

1920 · Project Gutenberg

Autobiography of Andrew Carnegie

Andrew Carnegie opened his posthumous 1920 Autobiography by grounding his origin in Dunfermline, Scotland, where he was born on November 25, 1835, in the attic of a one-story weaver's cottage at the corner of Moodie Street and Priory Lane. His father, William Carnegie, was a damask weaver, and Dunfermline had long been the center of the Scottish damask trade. Carnegie took conspicuous pride in his grandfather Andrew, a wit remembered around Patiemuir as chief of the lively club nicknamed Patiemuir College, whose seventy-fifth-year Hogmanay pranks still circulated among village old-timers. The first chapter is avowedly intimate in posture, written, as he said, not as one posturing before the public but as one speaking among his own tried-and-true friends and family, modeling the book on Judge Mellon's private Pittsburgh memoir, which had given him such pleasure that he hoped his own informal record might do the same for his descendants.

1920 · Project Gutenberg

Autobiography of Andrew Carnegie

Carnegie dated his entry into iron manufacturing to November 1861, when Thomas N. Miller, the pioneer of the group, lent Henry Phipps eight hundred dollars to buy a one-sixth interest in a small iron mill with Andrew Kloman in Allegheny City. Carnegie and his brother joined Miller, Phipps, and Kloman to insure uniform quality and to make shapes unavailable from other mills. He singled out Kloman, a German mechanic who had discovered that whatever was worth doing with machinery was worth doing well, as the first man in Pittsburgh to introduce the cold saw that cut iron to exact lengths, the upsetting machines that made bridge links, and the first universal mill in America. When Captain Eads could not obtain couplings for the St. Louis Bridge arches because contractors had failed to make them, Kloman said he could and did, rolling the largest semicircles to that date, which Carnegie treated as the proof of his German thoroughness.

1920 · Project Gutenberg

Autobiography of Andrew Carnegie

Carnegie's narrative of his early career turned on his intimacy with Thomas A. Scott, the Pennsylvania Railroad superintendent who became his mentor, and on the chapter titled Telegraph Office, where he recalled learning Morse as a messenger boy and then as an operator in Pittsburgh. The railroad service chapter records his promotion, still in his teens, into positions of authority on the Western Division, and the chapter titled Superintendent of the Pennsylvania tracks his ascent into divisional command. The Civil War Period chapter describes his secondment to Washington under Scott, then Assistant Secretary of War, to organize military telegraph and rail transport, and the Bridge-Building chapter pivots from railroad payroll into his first equity stakes in bridge construction and the Woodruff sleeping-car patent, the combination of salary and equity that built his initial capital long before steel. The chapter structure itself shows how the future steelmaker's apprenticeship was paid for by railroad payroll and sleeping-car royalties.

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