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Andrew Carnegie

Andrew Carnegie was a Scottish-born American industrialist and philanthropist who became a leading figure in the expansion of the U.S.

By Ethan Anderson| Reviewed by Olivia Bennett, Standards & Fact-Checking Lead| Updated July 26, 2026|2 min read| Fact-checked

Andrew Carnegie was a Scottish-born American industrialist and philanthropist who became a leading figure in the expansion of the U.S. steel industry in the late 19th century. He later devoted much of his fortune to philanthropy, especially libraries, education, and scientific institutions. Carnegie remains closely associated with both industrial capitalism and the idea that great wealth should be used for public benefit.

Early life and immigration

Carnegie was born in Dunfermline, Scotland, to a working-class family and emigrated to the United States in 1848. He began his career in modest jobs before moving into business and investment.

Steel industry career

Carnegie became one of the central figures in the U.S. steel industry by building an integrated steel empire near Pittsburgh. His use of new technologies and vertical integration helped make Carnegie Steel highly dominant.

Philanthropy

After selling his steel company, Carnegie focused on giving away his fortune. He supported libraries, universities, scientific research, and institutions such as the Carnegie Corporation of New York.

Legacy and controversy

Carnegie is remembered both as a major philanthropist and as a powerful industrialist associated with harsh labour conflicts. His career continues to be discussed as an example of the contradictions of the Gilded Age.

Key facts

  • Carnegie made his fortune in steel and helped shape the modern American steel industry.
  • He was born in Scotland and immigrated to the United States with his family in 1848.
  • He sold Carnegie Steel to J.P. Morgan in 1901, and it became part of U.S. Steel.
  • He argued that wealthy people had a duty to use surplus wealth for the public good.
  • He funded more than 2,500 public libraries in the English-speaking world.
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Canadian context

Carnegie’s philanthropy included institutions in the English-speaking world beyond the United States, and his ideas about libraries and education influenced public institutions in Canada as well.

Frequently asked questions

Who was Andrew Carnegie?
Andrew Carnegie was a Scottish-born American industrialist and philanthropist best known for building Carnegie Steel and later giving away much of his fortune.
What was Carnegie Steel?
Carnegie Steel was the major steel company Carnegie built near Pittsburgh. It became one of the most influential enterprises in the American steel industry.
What is The Gospel of Wealth?
The Gospel of Wealth is Carnegie’s 1889 essay arguing that rich people should use surplus wealth to benefit society rather than keep it for themselves.
How much did Carnegie donate?
Sources commonly estimate that Carnegie gave away about US$350 million during his lifetime.
What are Carnegie’s best-known charities?
He is best known for funding public libraries, universities, scientific institutions, and the Carnegie Corporation of New York.
Why is Carnegie a controversial figure?
He is admired for his philanthropy but criticized for labour conflicts and harsh business practices in the steel industry.

References

  1. Encyclopaedia Britannicahttps://www.britannica.com/money/Andrew-Carnegie
    Supports: Birth, death, career in steel, and philanthropic role.
  2. Encyclopaedia Britannicahttps://www.britannica.com/summary/Andrew-Carnegie
    Supports: Immigration, steel industry expansion, sale of Carnegie Steel, and philanthropy.
  3. Carnegie Councilhttps://www.carnegiecouncil.org/andrew-carnegie-biography
    Supports: The Gospel of Wealth and lifetime charitable giving.
  4. PBS American Experiencehttps://www.pbs.org/wgbh/americanexperience/features/carnegie-biography/
    Supports: Libraries, philanthropy, and labour conflict context.
  5. Carnegie Hero Fundhttps://www.carnegiehero.org/resources2/about-andrew-carnegie/
    Supports: Library gifts, worldwide reach, and lifetime giving estimate.
  6. Carnegie Corporation of New Yorkhttps://carnegie.org/about/andrew-carnegie-story/
    Supports: Carnegie Corporation founding, mission, and endowment.