andrew carnegie.docx

8/18/2019 Andrew Carnegie.docx

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SMALL& MEDIUM SIZE

ENTREPRENUERSHIP

Assignment on Real Story of a Successful Entrepreneur

Submitted to: Sir Javaid Paracha

Submitted by: Waleed Afzal

Reg. no. !"#$%&A'(all) #.*$!!


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ANDREW CARNEGIE: Pioneer. Visionary. Innovator.

Meet the Father of Modern Philanthropy

Andrew Carnegie (1835–1919) was among the wealthiest and most famos indstrialists

his day! "hrogh Carnegie Corporation of #ew $or%& the inno'ati'e philanthropi fondatio

he estalished in 1911& his fortne has sine spported e'erything from the diso'ery

inslin and the dismantling of nlear weapons& to the reation of Pell *rants and +esam+treet! "he wor% of the Corporation and its grantees has helped shape pli disorse an

poliy for more than one hndred years! Millions of people ha'e ene,ted from Carnegie

foresighted generosity . a legay of real and permanent good!

“To try to make the worl in some way !etter than yo" #o"n it is to have a no!le motiv

in li#e.$

Anrew Carne%ie

The Em&ire o# '"siness

()*'+E 'EGINNING, :

Andrew Carnegie-s irthplae& dnfermline& was +otland-s histori medie'al apital! lat

famos for proding ,ne linen& the town fell on hard times when indstrialism made hom

ased wea'ing osolete& lea'ing wor%ers sh as Carnegie-s father& will& hard pressed

spport their families! will and his father/in/law "homas Morrison& a shoema%er and politi

reformer& 0oined the poplar hartist mo'ement& whih elie'ed onditions for wor%ers wo

impro'e if the masses were to ta%e o'er the go'ernment from the landed gentry! when th

mo'ement failed in 188& will Carnegie and his wife& Margaret& sold their elongings to o

passage to Ameria for themsel'es and their sons& 13/year/old Andrew and 5/year/old tom!

“We saile #rom the 'roomielaw o# Glas%ow in the -/ton sailin% sh

Wis0asset...$

Anrew Carne%ie

AN I**IGRANT1, 23)RNE4 :

Andrew Carnegie-s family deided to settle in Allegheny& Pennsyl'ania& a sr of Pittsr

where they had friends and relati'es! "heir ship landed in #ew $or% City& whih he fon

ewildering2 #ew $or% was the ,rst great hi'e of hman indstry among the inhaitants

whih 4 had mingled& and the stle and eitement of it o'erwhelmed me&6 Carnegie wro

in his atoiography! #et the family tra'eled west y anal and steamoat& arri'ing

Allegheny three wee%s later (a 37/mile& si/hor trip y ar today)! "hey mo'ed into tw

rooms ao'e a relati'e-s wea'ing shop& whih his father too% o'er& t the sine

ltimately failed& ptting the family one again in need of money!

IND),TRI3), 43)T( :


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At the age of 13& Carnegie wor%ed from dawn ntil dar% as a oin oy in a otton m

arrying oins to the wor%ers at the looms and earning 1!: per wee%! A year later&

was hired as a messenger for a loal telegraph ompany& where he taght himself how

se the e;ipment and was promoted to telegraph operator! atio


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and assoiations in his adopted ontry and many others! Dis most signi,ant ontritio

oth in money and endring inJene& was the estalishment of se'eral trsts or instittio

earing his name& inlding2 Carnegie Msems of Pittsrgh& the Carnegie "rst for th

Eni'ersities of +otland& Carnegie 4nstittion for +iene& Carnegie Fondation (spporti

the Peae Palae)& Carnegie Gnfermline "rst& Carnegie Fondation for the Ad'anement

"eahing& Carnegie @ndowment for 4nternational Peae& and the Carnegie EH "rst!

READING A(EAD:

Kne of the most tangile eamples of Andrew Carnegies philanthropy was the fonding

:&59 liraries in the late 19th and early :th entries! Kf these liraries& 1&L79 were

in the Enited +tates! Carnegie spent o'er 55 million of his wealth on liraries alone& and

is often referred to as the Patron +aint of iraries!6

4t is said that Carnegie had two main reasons for spporting liraries! First& he elie'ed th

in Ameria& anyone with aess to oo%s and the desire to learn old edate him/

herself and e sessfl& as he had een! +eond& Carnegie& an immigrant& felt Ameria

newomers needed to a;ire ltral %nowledge of the ontry& whih a lirary wold he

ma%e possile!Carnegie indiated it was the ,rst reason that mattered most to him! *rowing p wor%i

long hors in Pittsrgh& he had no aess to formal edation! Dowe'er& a retired merhan

Colonel Anderson& loaned oo%s from his small lirary to loal oys& inlding Carnegie! A

he later wrote in praise of Anderson& "his is t a slight trite and gi'es only a faint idea

the depth of gratitde whih 4 feel for what he did for me and my ompanions! 4t was fro

my own early eperiene that 4 deided there was no se to whih money old e appli

so prodti'e of good to oys and girls who ha'e good within them and aility and amitio

to de'elop it& as the fonding of a pli lirary in a ommnity!

GIVING AND +EGAC4:

4n 1911 Andrew Carnegie estalished Carnegie Corporation of #ew $or%& whih he dediate

to the ad'anement and diBsion of %nowledge and nderstanding!6 4t was the la

philanthropi instittion fonded y Carnegie and was dediated to the priniples

sienti, philanthropy&6 in'esting in the long/term progress of or soiety! Carnegie hims

was the ,rst president of the Corporation& whih he endowed in perpetity with his remaini

fortne . 135 million . to e sed prinipally to promote edation and internation

peae!


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went into the Corporation-s endowment! "oward the end of his life& Carnegie& a pai,st& h

a single goal2 ahie'ing world peae! De elie'ed in the power of international laws an

trsted that ftre onJits old e a'erted throgh mediation! De spported the fondin

of the Peae Palae in "he Dage in 193& ga'e 1 million to fond the Carneg

@ndowment for 4nternational Peae in 191 to hasten the aolition of international war

and wor%ed easelessly for the ase ntil the otrea% of

andrew carnegie.docx

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