How Andrew Carnegie Became the Richest Man in the World (and then gave it all away)
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Mr. Beat tells the story of the first dude in history to give all his money away- Andrew Carnegie.
Also a shout out to Chuck Feeney! https://www.youtube.com/watch?v=IALt5Jil9JM
Produced by Matt Beat and Beat Productions, LLC. All images/video by Matt Beat, Shannon Beat, found in the public domain, or used under fair use guidelines. Music by @ElectricNeedleRoom (Mr. Beat's band) and Otis McDonald.
Creative commons credits:
Niagara, David Brossard, AgnosticPreachersKid, Popscreenshot, Mcwesty, and Ajay Suresh
Sources/further reading:
The Autobiography of Andrew Carnegie and His Essay The Gospel of Wealth
Edited by Gordon Hutner
Purchase here: https://amzn.to/4bF0V1S
Or get it for free: https://www.gutenberg.org/ebooks/17976
Andrew Carnegie by David Nasaw
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Andrew Carnegie: Captain of Industry
https://books.google.com/books?id=CyvHd3LxnIkC&pg=PA72#v
https://www.carnegie.org/interactives/foundersstory/#!/
https://www.forbes.com/sites/chloesorvino/2014/07/08/whats-become-of-them-the-carnegie-family/?sh=58f0f5d17b55
https://www.carnegie.org/interactives/foundersstory/#!/
https://www.npr.org/2013/08/01/207272849/how-andrew-carnegie-turned-his-fortune-into-a-library-legacy
https://library.columbia.edu/libraries/rbml/units/carnegie/andrew.html
https://www.thevintagenews.com/2017/02/22/andrew-carnegie-the-railroad-and-steel-magnate-who-played-his-more-imperative-role-as-a-philanthropist/
https://www.cambridge.org/core/journals/journal-of-the-gilded-age-and-progressive-era/article/abs/our-gilded-age/0C83245A08689F30C7B908E3D0CACDBB
https://www.geni.com/people/Andrew-Carnegie/6000000013077352959
https://www.entrepreneur.com/money-finance/how-andrew-carnegie-went-from-120-a-week-to-309-billion/317827
https://www.encyclopedia.com/people/social-sciences-and-law/business-leaders/andrew-carnegie
https://web.archive.org/web/20161222204834/http://www.pbs.org/wgbh/amex/carnegie/filmmore/description.html
https://www.philanthropyroundtable.org/hall-of-fame/andrew-carnegie/
https://archive.org/details/giantsofenterpr00tedl
Here's an annotated script with footnotes: https://docs.google.com/document/d/1jBzgB7hK1pQQimtAmV_X6whYfyUF8z2ncqWbICFgBuo/edit?usp=sharing
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Carnegie proved that not just people born into privilege could become extremely wealthy. Sure, he was ruthless at times. Many argue that he exploited and dehumanized his workers. Throughout his working career, he seemingly prioritized the bottom line over all else. It was all about making as much money as possible. He believed individualism ultimately improved society more than collectivism.
But Andrew Carnegie would argue that the ends justifies the means. He argued that the rich were obligated to use their wealth to give back to society. Heck, he even argued that if the rich weren’t going to give back willingly to society, then governments should tax them so that they are forced to give back. Carnegie firmly believed that the future leaders of society would and SHOULD come from the working class.
Chapters:
0:00 Introduction
2:19 Betterhelp sponsorship
3:35 Heading to Pittsburgh
4:03 Humble Beginnings
10:00 As much wealth as possible
18:22 Now it's time to give all that wealth away
26:16 Carnegie's Legacy
Mr. Beat