e American Steel Industry in 1875.

AT A GLANCE:

Andrew Carnegie
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Andrew Carnegie is the classic American success story. He rose from a $1.20 a week job for a thread company to the head of a company that sold for the equivalent of $12.5 billion! Believing that "a rich man who dies rich dies in disgrace," he worked as hard at giving his wealth away as he did to earn it. Inventor: Criteria; Birth: Death: Andrew Carnegie First practical. Entrepreneur. November 25, 1835 in Dunfermline, Scotland August 11, 1919 in Lenox, Massachusetts

Nationality: Scottish Invention: American Steel Industry Function: noun / Definition: The American steel manufacturing industry, primarily located in Pittsburgh, Pa, where steel is made, processed and shaped. Steel is a commercial iron that contains carbon in any amount up to about 1.7 percent and is distinguished from cast iron by its malleability and lower carbon content Milestones: 1835 born November 25, 1835 in Dunfermline, Scotland 1848 The Carnegies emigrate to U.S. 1861 Carnegie forms the Freedom Iron Company and uses Bessemer's furnace 1872 On a visit to England, Carnegie visits Henry Bessemer's steel plants 1875 Carnegie opens his first steel plant, the Edgar Thomson Works 1889 Carnegie publishes "The Gospel of Wealth," 1899 Carnegie organizes several of his steel companies into Carnegie Steel. 1901 Carnegie sells to J.P. Morgan for $480 million, a move which allows Morgan to create US Steel 1911 Carnegie Corporation of New York is founded to distribute is wealth 1919 Died in Lenox, Massachusetts, on August 11,