USA HISTORY

Detailed explanation-1: -By the time of his death, Andrew Carnegie, despite his best efforts, had not been able to give away his entire fortune. He had distributed $350 million, but had $30 million left, which went into the Corporation’s endowment.

Detailed explanation-2: -Andrew Carnegie: Steel Magnate Over the next few decades, he created a steel empire, maximizing profits and minimizing inefficiencies through ownership of factories, raw materials and transportation infrastructure involved in steel making.

Detailed explanation-3: -Andrew Carnegie He built his fortune by investing in the steel industry and became the owner of Carnegie Steel Company, which by 1889 was the largest steel company in the world. Despite some criticism of how some workers at Carnegie Steel were treated, Carnegie himself was extremely active in terms of philanthropy.

Detailed explanation-4: -Andrew Carnegie, (born November 25, 1835, Dunfermline, Fife, Scotland-died August 11, 1919, Lenox, Massachusetts, U.S.), Scottish-born American industrialist who led the enormous expansion of the American steel industry in the late 19th century. He was also one of the most important philanthropists of his era.

Detailed explanation-5: -His family arrived in the United States penniless, but by the end of the Gilded Age, Andrew Carnegie had amassed an unimaginable fortune. As the nation rapidly industrialized, Carnegie cornered the market on steel-the material needed to build the railroads that fueled the boom.