Andrew Carnegie, known as the King of Steel, built the steel industry in the

United States, and, in the process, became one of the wealthiest men in

America. His success resulted in part from his ability to sell the product

and in part from his policy of expanding during periods of economic decline,

when most of his competitors were reducing their investments.



Carnegie believed that individuals should progress through hard work, but he

also felt strongly that the wealthy should use their fortunes for the

benefit of society. He opposed charity, preferring instead to provide

educational opportunities that would allow others to help themselves. "He

who dies rich, dies disgraced," he often said.



Among his more noteworthy contributions to society are those that bear his

name, including the Carnegie Institute of Pittsburgh, which has a library, a

museum of fine arts, and a museum of national history. He also founded a

school of technology that is now part of Carnegie-Mellon University. Other

philanthropic gifts are the Carnegie Endowment for International Peace to

promote understanding between nations, the

Carnegie Institute of Washington to fund scientific research, and Carnegie

Hall to provide a center for the arts.



Few Americans have been left untouched by Andrew Carnegie's generosity. His

contributions of more than five million dollars established 2,500 libraries

in small communities throughout the country and formed the nucleus of the

public library system that we all enjoy today.
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