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The Autobiography of Andrew Carnegie and The Gospel of Wealth (Signet Classics) Kindle Edition
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His good friend Mark Twain dubbed him “St. Andrew.” British Prime Minister William Gladstone called him an “example” for the wealthy. Such terms seldom apply to multimillionaires. But Andrew Carnegie was no run-of-the-mill steel magnate. At age 13 and full of dreams, he sailed from his native Dunfermline, Scotland, to America. The story of his success begins with a $1.20-a-week job at a bobbin factory. By the end of his life, he had amassed an unprecedented fortune—and given away more than 90 percent of it for the good of mankind.
Here, for the first time in one volume, are two impressive works by Andrew Carnegie himself: his autobiography and “The Gospel of Wealth,” a groundbreaking manifesto on the duty of the wealthy to give back to society all of their fortunes. And he practiced what he preached, erecting 1,600 libraries across the country, founding Carnegie Mellon University, building Carnegie Hall, and performing countless other acts of philanthropy because, as Carnegie wrote, “The man who dies thus rich dies disgraced.”
With an Introduction by Gordon Hutner
- LanguageEnglish
- PublisherSignet
- Publication dateNovember 7, 2006
- Reading age18 years and up
- File size1954 KB
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About the Author
Gordon Hutner is a professor of American literature at the University of Illinois. He is the author and editor of many books and articles about fiction, ethnic studies, and American cultural criticism. He also edits the scholarly journal American Literary History. --This text refers to an alternate kindle_edition edition.
Product details
- ASIN : B002G54Y3Q
- Publisher : Signet; Reissue edition (November 7, 2006)
- Publication date : November 7, 2006
- Language : English
- File size : 1954 KB
- Text-to-Speech : Enabled
- Screen Reader : Supported
- Enhanced typesetting : Enabled
- X-Ray : Not Enabled
- Word Wise : Enabled
- Sticky notes : On Kindle Scribe
- Print length : 198 pages
- Best Sellers Rank: #264,651 in Kindle Store (See Top 100 in Kindle Store)
- #195 in Biographies of Business Professionals
- #357 in Biographies of the Rich & Famous
- #1,032 in Business Professional's Biographies
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This part of the story is well told but, inevitably, the most fascinating part is about his early years at work, when he seized the opportunities that came his way and improved his position in life almost one step at a time. It is also instructive to learn how the seeds of knowledge planted in his mind during childhood bore fruit and left him with a lifelong belief in the importance of learning and self improvement.
In his later years, this belief would lead to the donation of almost his entire fortune - hundreds of millions of dollars - to the creation of 2800 public libraries in the United States, as well as other institutions devoted to the education and wellbeing of the public.
As a success story, few can surpass it, even though it’s not exactly rags to riches. Back in Carnegie’s native Scotland, before his father lost money for his failure to adapt to new production methods, his family had been relatively well off, and he had the advantage of a stimulating education. Still, not everyone, no matter how instructed, could be expected to seize every oppotunity in his way and improve his lot in life.
The final chapters of the interrupted manuscript (in fact, a compilation of texts put together after his death by a friend) are devoted to his efforts on behalf of world peace. We see him meeting presidents, kings, emperors, statesmen and thinkers in general. An annotated edition would have been particularly useful in this section of the book.
Carnegie was, almost to the end of his writing (the last manuscript dates from 1912 or 1913), optimistic about the prospects for peace after the creation of the International Court of Justice in the Hague. Unfortunately for him, he lived to see the more than four years of carnage of the Great War and died, in 1919, a heartbroken man.
Andrew Carnegie’s true legacy does not lie in his important contributions to the building of American infrastructure in the 19th century, but to his numerous endowments. The institutions he created are still with us today: the public libraries, the initiatives for international peace, the universities, the public parks, the monuments. According to his own professed views in the “Gospel of Wealth” (also included in this Signet Classics edition), people who die rich will pass away “unwept, unsorrowed, and unsung”: “The man who dies thus dies disgraced.”
This is an autobiography, and there seems to be evidence that Carnegie’s relations with his workers were not always as harmonious as he makes them out to be. He doesn’t admit to any personal guilt regarding the Homestead Strike of 1892, and yet other sources seem to imply that his handling of the crisis (which resulted in a number of deaths) was not beyond reproach. I’m looking forward to reading the biographies by David Nasaw and Peter Krass to find out more.
Does it really matter? Yes, to some extent, it does. We are nowadays more sensitive to issues of fairness in the workplace, and rightly so. Yet any assessment of Andrew Carnegie the man, warts and all, will have to take the unprecedented magnitude of his philanthropic deeds into account. And also the fact that, with his actions and ideas (as set forth in the Gospel of Wealth and other texts), he set an example for the wealthy to follow. When Bill Gates or Warren Buffett pledge to give away almost their entire fortune, we hear an echo of Andrew Carnegie’s ideal. He couldn’t prevent war, but he did leave the world a better place.
He rubbed elbows with the wealthy and politicians (including presidents) both in America and abroad. It gets a little tiring after awhile reading about his interactions with these people (thus the lower rating). It is like reading his diary. However, it does give you a feel for the culture at that time.
What I find with autobiographies is that the authors usually portray themselves in the best light. This book is no different. He likes to identify himself as a friend of the worker, which he tried to be. There was a strike at his plant in which workers were killed. He blamed that on his manager because it happened while he was abroad. I've read in other places that there is skepticism about that.
He also gives his thoughts on philanthropy in his The Gospel of Wealth chapter at the end of the book. He gave away millions to establish libraries. He believes in the estate tax because, as he says it, "By taxing estates heavily at death the State (his capitalization) marks its condemnation of the selfish millionaire's unworthy life" (page 330). He says that the rich should give their money away to charitable institutions during their lifetime because the rich would know how it should best be distributed, and that the money should not be given in small sums to individuals because they would not, in general, know how to spend it wisely (I'm assuming because they would also be rich if they knew how to spend it). There was very much the paternal feeling I got when I read J.P. Morgan's biography - the wealthy are stewards of capital because the common people can not be trusted with it.
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I would like to prefer this book to 9 to 12 standard and UG students to improve their zeal to do something towards the development of the human kind.
Reviewed in Canada 🇨🇦 on May 22, 2021







