Andrew Carnegie Quotes
There is no idol more debasing than the worship of money.
Carnegie, Andrew. Memo to self, Dec. 1868. Quoted in Hendrick, Burton J. The Life of Andrew Carnegie, vol. 1, Doubleday, Doran & Company, 1932, p. 147.
It is interesting to compare this quotations to one from John Adams {44514} a century earlier or the commonly held view of many critics a century later. Perhaps these “new trends” are not so new after all.
Andrew Carnegie was a Scottish-American industrialist and philanthropist. Carnegie led the expansion of the American steel industry in the late 19th century and became one of the richest Americans in history. He became a leading philanthropist in the United States and in the British Empire. During the last 18 years of his life, he gave away ~$350 million (roughly $5.2 billion in 2019) to many charities, foundations, and universities – almost 90 percent of his fortune. His 1889 article proclaiming "The Gospel of Wealth" called on the rich to use their wealth to improve society and stimulated a wave of philanthropy.