How Andrew Carnegie Turned His Fortune Into A Library Legacy (2024)

Patrons in the reading room of the Carnegie Library of Homestead in Munhall, Pa., circa 1900. The Carnegie Steel Co.fought back against striking steel workers in Homestead in 1892. Click here to see a larger view of this image. Library of Congress hide caption

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Library of Congress

How Andrew Carnegie Turned His Fortune Into A Library Legacy (2)

Patrons in the reading room of the Carnegie Library of Homestead in Munhall, Pa., circa 1900. The Carnegie Steel Co.fought back against striking steel workers in Homestead in 1892. Click here to see a larger view of this image.

Library of Congress

Andrew Carnegie was once the richest man in the world. Coming as a dirt poor kid from Scotland to the U.S., by the 1880s he'd built an empire in steel — and then gave it all away: $60 million to fund a system of 1,689 public libraries across the country.

The Carnegie Library in Washington, D.C., dates back to 1903. Paul Dickson, author of The Library in America, says this library was "one of the first really beautiful public buildings" in the city. Library of Congress hide caption

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How Andrew Carnegie Turned His Fortune Into A Library Legacy (4)

The Carnegie Library in Washington, D.C., dates back to 1903. Paul Dickson, author of The Library in America, says this library was "one of the first really beautiful public buildings" in the city.

Library of Congress

Carnegie donated $300,000 to build Washington, D.C.'s oldest library — a beautiful beaux arts building that dates back to 1903. Inscribed above the doorway are the words: Science, Poetry, History. The building was "dedicated to the diffusion of knowledge."

It opened in 1903 to women, children, all races — African-Americans remember when it was the only place downtown where they could use the bathrooms. During the Depression, D.C.'s Carnegie Library was called "the intellectual breadline." No one had any money, so you went there to feed your brain. Washington writer Paul Dickson, author of The Library in America, says the marble palace was an early and imposing Capitol institution.

"This went in well before the monumental limestone and marble buildings of Pennsylvania Avenue, Constitution Avenue. This was one of the first really beautiful public buildings," he says.

Carnegie libraries are still the best buildings in many towns. Over the years some have been expanded or torn down. And, in addition to books and computers, Carnegie libraries find new ways to serve the community.

The public library in Woodbine, Iowa, loans cake pans — people don't keep all sizes and shapes of cake pans at home, "so they check 'em out and bake their cakes and bring 'em back," explains Woodbine library director Rita Bantam. "[It's] offering a service that people need. It brings people into the library."

As a teen, Andrew Carnegie worked as a bobbin boy in a textile mill and was determined to improve his lot in life. Above, Carnegie as a young man in 1868. Hulton Archive/Getty Images hide caption

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How Andrew Carnegie Turned His Fortune Into A Library Legacy (6)

As a teen, Andrew Carnegie worked as a bobbin boy in a textile mill and was determined to improve his lot in life. Above, Carnegie as a young man in 1868.

Hulton Archive/Getty Images

Andrew Carnegie gave $7,500 to Woodbine. That paid for the 1908 building itself. The towns had to raise money for books, salaries and maintenance. Before Carnegie, Bantam says, the library was located in an unusual section of Woodbine's town hall: "It was over the jail," she explains, "they had to close the library when the jail was occupied."

From jail to cakepans, public libraries are embedded in their communities. In South Carolina, the Union County Carnegie Library — named best small library in America a few years back — invites Ronald McDonald over to lure kids into summer reading programs. Director Ben Loftis says there were subscription libraries in South Carolina before 1903 when his was built — with a $10,000 Carnegie grant — but this was the first public library.

"It went from being for just the wealthy elite landowners and planters to actually being a service for the entire county that everybody has access to," he says.

It was pioneering — public and free. Those were the visionary keystones of Carnegie's library mission. The mission was born in Allegheny City, Pa., where Carnegie worked as a bobbin boy in a textile mill — his job was to fill the bobbins with thread and oil them for the machines. He was determined to improve his lot, but he couldn't pay the $2 subscription for a local library that was available only to apprentices (and he certainly couldn't afford to buy books).

He sent a letter to the library administrator asking for access to the library, but the administrator turned him down flat. So 17-year-old Andy got the letter published in The Pittsburgh Dispatch.

"He made his case so well that the administrator backed off immediately," explains Carnegie biographer David Nasaw. "And the library was opened to working men as well as apprentices. He got what he wanted."

He usually did. Quick, smart and self-educated, "the little Scotsman from Pittsburgh" went from bobbins to telegraphs to railroads to iron and steel. In 1901, when he sold Carnegie Steel to J.P. Morgan for almost half a billion dollars, it became part of U.S. Steel — and Carnegie became the world's richest man. And then he gave it away: a total of $350 million.

Was he the Bill Gates of his day? "I think Bill Gates would very much like to be known as the Carnegie of his day," says Nasaw.

Carnegie ultimately gave away $60 million to fund a system of 1,689 public libraries across the country. "In bestowing charity the main consideration should be to help those who help themselves," he wrote. AFP/AFP/Getty Images hide caption

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How Andrew Carnegie Turned His Fortune Into A Library Legacy (8)

Carnegie ultimately gave away $60 million to fund a system of 1,689 public libraries across the country. "In bestowing charity the main consideration should be to help those who help themselves," he wrote.

AFP/AFP/Getty Images

In 1889 Carnegie wrote an article called "The Gospel of Wealth," in which he spelled out his views on philanthropy: "In bestowing charity the main consideration should be to help those who help themselves."

The rich should give, so the poor could improve their own lives — and thus the lives of the society. Giving was a code of honor. "The man who dies rich dies in disgrace," Carnegie said.

Nasaw says the steel master was in his 30s when he decided he was merely the shepherd of his wealth.

"It is his responsibility to give it back," Nasaw says, "to return it to the community because the community — all of those men and women who contribute to the making of Carnegie steel, the mothers who feed their children, the day laborers, the whole large community — is responsible for making this wealth and they're the ones who have to get it back."

So public libraries became instruments of change — not luxuries, but rather necessities, important institutions — as vital to the community as police and fire stations and public schools.

Now, Carnegie was a complicated man. Brilliant, charming, generous — and brutal. Carnegie biographer Les Standiford, author of Meet You in Hell, says the industrialist presided over what is considered this country's most bitter labor dispute.

"The Homestead Steel Strike of 1892 — in which he and Henry Clay Frick conspired to mercilessly beat down the steelworkers who were striking for better pay and better working conditions. It stands to this day as the worst labor conflict in American history," Standiford says.

"Increase our wages," the workers demanded. "What good is a book to a man who works 12 hours a day, six days a week?"

Nasaw says Carnegie thought he knew better and replied to his critics this way: "If I had raised your wages, you would have spent that money by buying a better cut of meat or more drink for your dinner. But what you needed, though you didn't know it, was my libraries and concert halls. And that's what I'm giving to you."

And so he did: 1,689 public libraries. Temples of learning, ambition, aspiration for towns and cities throughout the United States.

How do you use your local public library? Please tell us in the comments below.

How Andrew Carnegie Turned His Fortune Into A Library Legacy (2024)

FAQs

How Andrew Carnegie Turned His Fortune Into A Library Legacy? ›

Between 1886 and 1919, Carnegie's donations of more than $40 million paid for 1,679 new library buildings in communities large and small across America. Many still serve as civic centers, continuing in their original roles or fulfilling new ones as museums, offices, or restaurants.

How did Andrew Carnegie make his fortune? ›

By age 30, Carnegie had amassed business interests in iron works, steamers on the Great Lakes, railroads, and oil wells. He was subsequently involved in steel production, and built the Carnegie Steel Corporation into the largest steel manufacturing company in the world.

What was Andrew Carnegie's legacy? ›

In addition to funding libraries, he paid for thousands of church organs in the United States and around the world. Carnegie's wealth helped to establish numerous colleges, schools, nonprofit organizations and associations in his adopted country and many others.

What makes a library a Carnegie library? ›

A Carnegie library is a library built with money donated by Scottish-American businessman and philanthropist Andrew Carnegie. A total of 2,509 Carnegie libraries were built between 1883 and 1929, including some belonging to public and university library systems.

How did Andrew Carnegie acquire his wealth quizlet? ›

How did Andrew Carnegie acquire his wealth? He made money off of the steel industries.

How many libraries did Andrew Carnegie fund? ›

Carnegie funded the building of 2,509 "Carnegie Libraries" worldwide between 1883 and 1929. Of those, 1,795 were in the United States: 1,687 public libraries and 108 academic. Others were built throughout Europe, South Africa, Barbados, Australia, and New Zealand.

How did Carnegie increase his profits? ›

He resisted risky business innovation to stick with proven methods. He reinvested all his profits in business expansion as quickly as possible. He used consolidation to gain control of raw materials and reduce competition. He made wise investments with the family fortune he inherited.

What happened to Carnegie fortune? ›

Death. Carnegie died on August 11, 1919, in Lenox, Massachusetts, at his Shadow Brook estate, of Bronchial Pneumonia. He had already given away $350,695,653 (approximately US$5.98 billion in 2023 dollars) of his wealth. After his death, his last $30 million was given to foundations, charities, and to pensioners.

What led to Andrew Carnegie's success? ›

The Civil War fueled the iron industry, and by the time the war was over, Carnegie saw the potential in the field and resigned from Pennsylvania Railroad. It was one of many bold moves that would typify Carnegie's life in industry and earn him his fortune.

Who is Andrew Carnegie and why is he important to America? ›

Andrew Carnegie was an industrialist best known for leading the expansion of the American steel industry in the late 19th century.

What did Andrew Carnegie do for the library? ›

Between 1886 and 1919, Carnegie's donations of more than $40 million paid for 1,679 new library buildings in communities large and small across America.

Did Andrew Carnegie insist that his name be on every library that he built? ›

Wall notes that while "the public generally believed that Carnegie insisted that his name be engraved above the front entrance of the libraries he gave," this in fact "was not true." Carnegie was not exactly modest -- Wall notes that upon request, Carnegie was only too willing to provide a photograph of himself for ...

Who invented the library? ›

The first true library may have been built by the Sumerians about 4500 years ago, although it looked quite different from modern libraries: these archives had clay tablets rather than books made of paper, as this was the only writing material available.

How did Andrew Carnegie make a fortune? ›

Andrew Carnegie amassed a great deal of wealth from the steel industry. He had his hands in several areas of the industry, including railroads, co*ke, sleeping cars, ironworks, and others.

What is the main idea of wealth by Andrew Carnegie? ›

In “The Gospel of Wealth,” Carnegie argued that extremely wealthy Americans like himself had a responsibility to spend their money in order to benefit the greater good. In other words, the richest Americans should actively engage in philanthropy and charity in order to close the widening gap between rich and poor.

What did Andrew Carnegie do to the economy? ›

His steel empire produced the raw materials that built the physical infrastructure of the United States. He was a catalyst in America's participation in the Industrial Revolution, as he produced the steel to make machinery and transportation possible throughout the nation.

Is the Carnegie family still rich? ›

Barely anything is left of Andrew's fortune, which was once valued on par with the oil tycoon Rockefellers and the banking Morgan family. The 13 fourth-generation members of Andrew Carnegie's lineage now have the self-made wealth of white collar professionals.

How rich was Carnegie in today's money? ›

Carnegie sold his business to fellow steel-maker and financier J.P. Morgan in 1901. The deal made him the richest man in the world, and his net worth, in today's dollars, was estimated at more than $309 billion. Carnegie then turned to a life of philanthropy.

How did JP Morgan pay for Carnegie Steel? ›

His answer: a merger. Carnegie's terms –$480 million, or 12 times earnings–were unprecedented for the time. But Morgan was unfazed, and responded with a typically terse, “I accept this price.” On March 3, 1901, Morgan announced the merger of Carnegie Steel with Federal Steel and National Tube.

How do you think Carnegie viewed inherited wealth based on this reading? ›

He felt most who inherited the wealth would squander it as they did not have the intellect or talent to put it to good use. He proposed Inheritance taxes to motivate the wealthy into charitable giving. The second option for the money was its use after death for the public.

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