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    Andrew Carnegie came to America from Scotland with his parents in 1848. Born in Dunfermline on 25 November 1835, his first job was in a cotton mill threading bobbins, then he found a job as a telegraph messenger with Western Union. He was soon promoted to telegraph operator before joining the Pennsylvania Railroad company in 1853.

    He invested his earnings from the railroad company, including very shrewd investments in oil, and made some very substantial profits. In 1865 he eventually left the railroad company and devoted his efforts to his iron companies including the Freedom Iron Company and the Keystone Bridge Company. He formed the Carnegie Steel Company in 1899, and the rest is history. However, that history is worth relating.

    In 1861, at the age of 26, he started up the Freedom Iron Company, and used the new Bessemer process for making steel, patented in 1855, and in 1875, after a visit to England to visit some of Bessemer’s steel works he opened his own steel plant, the Edgar Wallace Steel Works using the proceeds of some shrewd investments. The idea for the Keystone Bridge Company was developed when he was working with the railroad. He recognized the importance of bridges, especially iron bridges, to the developing railway system, and decided to invest some of his investment earnings not only i

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    operator before joining the Pennsylvania Railroad company in 1853.

    He invested his earnings from the railroad company, including very shrewd investments in oil, and made some very substantial profits. In 1865 he eventually left the railroad company and devoted his efforts to his iron companies including the Freedom Iron Company and the Keystone Bridge Company. He formed the Carnegie Steel Company in 1899, and the rest is history. However, that history is worth relating.

    In 1861, at the age of 26, he started up the Freedom Iron Company, and used the new Bessemer process for making steel, patented in 1855, and in 1875, after a visit to England to visit some of Bessemer’s steel works he opened his own steel plant, the Edgar Wallace Steel Works using the proceeds of some shrewd investments. The idea for the Keystone Bridge Company was developed when he was working with the railroad. He recognized the importance of bridges, especially iron bridges, to the developing railway system, and decided to invest some of his investment earnings not only

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    his efforts to his iron companies including the Freedom Iron Company and the Keystone Bridge Company. He formed the Carnegie Steel Company in 1899, and the rest is history. However, that history is worth relating.

    In 1861, at the age of 26, he started up the Freedom Iron Company, and used the new Bessemer process for making steel, patented in 1855, and in 1875, after a visit to England to visit some of Bessemer’s steel works he opened his own steel plant, the Edgar Wallace Steel Works using the proceeds of some shrewd investments. The idea for the Keystone Bridge Company was developed when he was working with the railroad. He recognized the importance of bridges, especially iron bridges, to the developing railway system, and decided to invest some of his investment earnings not only

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    Freedom Iron Company, and used the new Bessemer process for making steel, patented in 1855, and in 1875, after a visit to England to visit some of Bessemer’s steel works he opened his own steel plant, the Edgar Wallace Steel Works using the proceeds of some shrewd investments. The idea for the Keystone Bridge Company was developed when he was working with the railroad. He recognized the importance of bridges, especially iron bridges, to the developing railway system, and decided to invest some of his investment earnings not only
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    estments. The idea for the Keystone Bridge Company was developed when he was working with the railroad. He recognized the importance of bridges, especially iron bridges, to the developing railway system, and decided to invest some of his investment earnings not only in iron, but also in bridge building.

    He therefore became involved in both the raw material and a major end use for that material. It is this kind of foresight that Andrew Carnegie was famous for, and that eventually led to him becoming one of the richest men in the world. His money was made through astute reasoning and a knack of making money through hard work, investment and an eye for what large companies were prepared to pay for.

    He wrote in his Gospel of Wealth in 1889 that any money that an individual owned beyond that required to look after himself and his family should be used for the benefit of the community in the form of a trust fund. And he was true to his own words. He formed all of his companies into the Carnegie Steel Company in 1899, the biggest steel company in the world, and sold it in 1901 to financier J.P. Morgan for $480 million, who eventually founded the United States Steel Corporation.

    Andrew Carnegie then came true to his words of the Gospel of Wealth. He started by making a series of personal gifts to those he

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