USA HISTORY

Detailed explanation-1: -Andrew Carnegie spent almost all of his fortune for good causes, with a strong focus on promoting education in the US. Later in his life, Carnegie used his remaining wealth for the cause of world peace.

Detailed explanation-2: -By age 30, Carnegie had amassed business interests in iron works, steamers on the Great Lakes, railroads, and oil wells. He was subsequently involved in steel production, and built the Carnegie Steel Corporation into the largest steel manufacturing company in the world.

Detailed explanation-3: -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-4: -Scottish-born Andrew Carnegie (1835-1919) was an American industrialist who amassed a fortune in the steel industry then became a major philanthropist.

Detailed explanation-5: -He and the Carnegie Corporation subsequently spent over $56 million to build 2, 509 libraries throughout the English-speaking world. Carnegie set about disposing of his fortune through innumerable personal gifts and through the establishment of various trusts.