Q:

How did Andrew Carnegie donate his money?

A:

Quick Answer

Andrew Carnegie's primary area of interest when it came to charitable donations was education. He also donated generously to scientific research and world peace. He is considered the father of American philanthropy.

Know More

Full Answer

When Andrew Carnegie retired at the age of 66, he was the world's richest man. At the time, his net worth was estimated at about $480 million. Adjusted for inflation, that amount would be the modern day equivalent of about $310 billion. His fortune was so vast that, to this day, he is one of the 25 wealthiest people who ever lived. Carnegie believed very strongly in the value of education. One of his first donations was $10 million to begin a pension for teachers, and $125 million more for the development of education. Carnegie also remembered the generosity of a gentleman who had allowed Carnegie access to his library as a child. Thus, Carnegie pledged money to build a library to any town in the United States that would supply the land and upkeep for the building. He founded an organization for scientific research and supplied the funds for the world court to be built in Switzerland. By the time he died, Carnegie had donated an estimated 90 percent of his fortune.

Learn more about US History

Related Questions

  • Q:

    What were Andrew Jackson's hobbies?

    A:

    Andrew Jackson's favorite hobby was horse racing and horse breeding. He owned many race horses over his life and raced them often in his days before and after becoming president. He also raised gamecocks and entered his birds in the cockfights around Nashville.

    Full Answer >
    Filed Under:
  • Q:

    Was Andrew Jackson a good president or a bad president?

    A:

    By most accounts, Andrew Jackson is considered by historians as a good president and highly influential. Jackson was the seventh president, serving two terms from 1829 to 1837.

    Full Answer >
    Filed Under:
  • Q:

    What was the outcome for Andrew Jackson in the election of 1824?

    A:

    Andrew Jackson was unsuccessful in his campaign for president in the election of 1824, losing to John Quincy Adams. However, Jackson ran for president again in the election of 1828 and won. Jackson served two terms in office and was succeeded by Martin Van Buren in 1837.

    Full Answer >
    Filed Under:
  • Q:

    How did Andrew Carnegie impact America?

    A:

    Andrew Carnegie was an American industrialist and businessman who lived from 1835 until 1919. His role in the steel industry helped steel become the predominant material used in the construction of the railroads that unified the United States from east to west. Carnegie eventually gave away a large portion of his fortune. The money was used to build libraries, put organs in churches and fund scientific research and education.

    Full Answer >
    Filed Under:

Explore