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Carnegie published an article titled "The Gospel Of Wealth" in 1889. It stated that wealthy men like him, held the responsibility to spend their money to benefit the greater good, rather than themselves.
In 1901, Mr. Carnegie made the biggest decision of his life. He sold his company to J.P. Morgan, an entrepreneur who owned the United States Steel Corporation, for more than $200 million.
In the later stages of his life, Carnegie used all of his money to help people. He donated millions of dollars to helping businesses, libraries, and schools. He also established the Carnegie Institute of Technology in Pittsburgh.
Andrew Carnegie passed away on August 11, 1919, in Massachusetts. Over the course of his life, he had given away more than $350 million. He will live on forever as a clever businessman, innovator, and a true captain of industry.
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