USA HISTORY

Detailed explanation-1: -He believed in the “Gospel of Wealth, ” which meant that wealthy people were morally obligated to give their money back to others in society. Carnegie had made some charitable donations before 1901, but after that time, giving his money away became his new occupation.

Detailed explanation-2: -His philanthropic interests centered around the goals of education and world peace. One of his lifelong interests was the establishment of free public libraries to make available to everyone a means of self-education. There were only a few public libraries in the world when, in 1881, Carnegie began to promote his idea.

Detailed explanation-3: -A generous philanthropist, he slashed the wages of the workers who made him rich. One of the captains of industry of 19th century America, Andrew Carnegie helped build the formidable American steel industry, a process that turned a poor young man into the richest man in the world.