On November 25, 1835, Andrew Carnegie was born into a modest family of Scottish weavers. While still a boy he emigrated with his parents to the States, where he made his fortune in the steel industry. He became the richest man of his time and developed his own personal vision of capitalism (and relations between classes).

In the book The Gospel of Wealth, the tycoon explained that it is the wealthiest who have to redistribute their fortunes, financing projects useful to society. Someone accused him of wanting to “wash his conscience” for the conditions in which the workers in his steel mills worked. However, he remained faithful to his ideal: in the last years of his life he gave away almost all his possessions in philanthropic projects. Among the most famous are the Peace Palace in The Hague and Carnegie Hall in New York.

Today’s Almanac, November 25: Andrew Carnegie, the steel king who gave away his fortune

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