Andrew Carnegie

Its Ok Sometimes Runs On A Little

I love this book because it really breaks down one of the most controversial businessmen of the 19th century!

A mentor of mine once told me that 'to learn history, the only books you really need to read are great biographies'. His point was, of course, that within the confines of a well written story of one life the reader unearths a much larger landscape of the times, events, and issues that surround the subject. Having just finished David Nasaw's excellent 'Andrew Carnegie' I think my teacher would be pleased and fully approve as the book meets any objective criteria of quality and excels on every level. Here, we follow the figure of Andrew Carnegie from birth and each subsequent chapter of his full life. Carnegie's actions and thoughts are fascinating and Nasaw paints a masterful portrait of his subject. He uses a clear and concise tone to convey all of what is important and none of which that is not. You really feel like there is not a wasted word in the entire narrative. Along the way we get in depth -but never tedious- lessons on issues as wide ranging as the immigrant experience to a particular brand of evolutionary philosophy to the history of labor to turn-of-the-century American foreign policy....Frankly, I was hooked from the beginning and thanks to the writing style and its intriguing subject the book's 800 pages fly by. If I have a small criticism it is that in the final couple of hundred pages Nasaw seems to grow slightly, but still discernibly, annoyed by Carnegie's eccentricities and his tendency towards self admiration that developed in retirement and in his relationships with US presidents. In one case he editorializes an admittedly weird Carnegie quote by summing up 'whatever that meant' at the end of a paragraph. This tone is scarce in the book, and who knows, it may be more my problem than anything else but to be fair I bring it up here. Another positive is the way Nasaw gives the reader credit for being intelligent enough to decipher the facts he provides and then let the reader form his or her own conclusions. I appreciated the linear narrative approach as well, as too many current biographies tend in their laudation of their subject to 'do too much' and jump all over the place. That's not the case here as Nasaw never loses his compass and the reader benefits as a result. 'Andrew Carnegie' by David Nasaw is a book so full, so complete, so well done - and ultimately so wide ranging- that the reader is constantly entertained while absorbing vital information about one of the most important eras of American history and one of that period's most important public figures. Five Stars. Read it.

On Feb. 4, 1901, Andrew Carnegie sold his steel-making business for an unprecedented $400 million (worth about $120 billion now). With that sale, he became "The Richest Man in the World," according to J.P. Morgan, who bought Carnegie's company and used it as the basis of U.S. Steel. But if you want to learn how to become the richest person in your part of the world, that's not the purpose of this biography. Instead David Nasaw minutely depicts an authentic tragic comedy in more than 800 pages, the life of an impoverished, painfully short immigrant lad who succeeded during the Gilded Age of capitalism, becoming a robber baron, philanthropist and "peacenik." The author uncovers many of the secret operations Carnegie used to exploit his early employers and, later, his gullible investors. This account corrects biographies that omit Carnegie's shady railroad bonds and union busting. The author also explains how Carnegie used his wealth to become one of the world's greatest philanthropists, a significant legacy that endures through the institutions and libraries he endowed. We highly recommend this detailed history for its iconoclastic scholarship, profound soul-searching and fascinating portrait of a unique, contradictory person.

David Nasaw, who previously authored a well-received biography of William Randolph Hearst, has produced in this fine biography undoubtedly the most complete account of Andrew Carnegie that we will ever have. The book runs some 842 pages, including notes, and is based upon prodigious research into published and unpublished sources. The book reminds me very much of the stupendous biography of J. Pierpont Morgan by Jean Strouse, in that it is comprehensive and definitive. The author takes quite a balanced approach to Carnegie, which many other accounts of Gilded Age zillionaires fail to employ. He recognizes Carnegie's talents and philanthropic efforts, but also demonstrates that Carnegie often misled the public about his activities, and sometimes even engaged in self-delusion, especially about the Homestead Strike. Many dimensions of Carnegie with which I was not familiar are skillfully developed by the author, including his involvement in world peace and arbitration efforts, his career as a published author, and his efforts to become a key political advisor to TR, Taft and Wilson. Much like the Morgan volume, this book is also an outstanding business history of the late 19th-early 20th century period in the U.S., especially as regards the development of the steel industry and its eventual consolidation by Morgan into the U.S. Steel Corportation. The fly in the ointment is that while the author's throughness is the book's greatest strength, it also becomes a major weakness. That is, it is simply too long by far. Sometimes one comes to believe that every letter exchanged between Carnegie and his leadership group, including Henry Clay Frick and Charles M. Schwab for example, has been reviewed by the author and recounted in the text. As a reference work on Carnegie, such inclusiveness is to be commended; but it makes for an overly long and detailed biography that becomes quite an undertaking to read. There can be too much of a good thing and more vigorous editing probably was in order. Nonetheless, it is only fair to say everything about or relating to Carnegie is somewhere within this extensive volume. An interesting cast of characters (in addition to those already mentioned) makes an appearance, including Kaiser Bill, Herbert Spencer, John Morley, various prime ministers, and John D. Rockefeller to name a few. Carnegie thanks to Nasaw proves to be a much more interesting figure than being simply the "richest man in the world" who was determined to give it all away before his death. If you are interested in Carnegie or the business history of this period, this book is an invaluable resource. The text is supported by 42 pages of helpful notes and a valuable bibliography. The author's command of his subject is evident on every page. An invaluable resource on the man and his period.

801 pages of biography. This is what David Nasaw has produced--a massive biography of Andrew Carnegie. Well known as a philanthropist, he gave away much of his fortune. For instance, one accounting notes the following (page 801): ". . .at the time of his death, Carnegie had given away more than $350 million (in the tens of billions today). There remained but $20 million of stocks and bonds. . . . In the seventh paragraph of his last will and testament, Carnegie directed that it be bequeathed, in its entirety, to the Carnegie Corporation. And with this he accomplished the final, and to his mind, the most important goal he had set himself." In essence, he had given his entire fortune away. This book provides cradle to grave coverage of Carnegie, beginning with his origins in Scotland. Early on, the family moved to the United States, settling in the Pittsburgh area. Carnegie's first job was in a cotton mill when he was thirteen. He was close to his mother then and throughout his life. He quickly moved to a position as a messenger with a telegraph company and then, in a stroke of fortune, become a telegraph operator in a company. Here, he began an association at a young age with Thomas Scott and J. Edgar Thomson of the Pennsylvania Railroad. By 17, he was working for the Pennsylvania Railroad and on his way. The volume notes his small stature (barely five feet tall), but by 24, he was superintendent of the Pittsburgh Division of the rail company. Early on, he began to develop "rules for business" (e.g., see page 76). He was in a position to get involved over time with an oil company, with bridge building, with rail, coal, a bank, a grain elevator. And, of course, with iron and then steel. As he became successful, he and his mother enjoyed visiting the old family home in Scotland, Dunfermline. He married quite late in life (after 50), but appears to have had a happy marriage; he also became a father later in life and appears to have done well in that role. By that time, he had withdrawn some from day to day running of his endeavors and spent much more time in New York and abroad than in Pittsburgh. The book illustrates the ambitions of Carnegie to be more than an industrial baron. He wrote books, he hobnobbed with political leaders, authors, and scientists. He strove to be recognized as more than a wealthy individual. Nonetheless, he was a hard businessman. At one point, he took pride in developing "win-win" tactics with his employees; by the time of the Homestead strike, he had obviously moved in a different direction, as he supported a touch, hard-nosed attack on unions and employees. Among his goals developed in the latter part of the 19th Century--to give away his rapidly developing fortune. He donated for development of libraries, he created an organization devoted to peace, he funded an organization aimed at advancing the sciences, he provided support for faculty and students at colleges, he endowed the Carnegie Corp

Mr. Nasaw has written a long (over 800 pages of text) and lively account of the the opportunistic steel baron, Andrew Carnegie. There is nearly 100 pages of notes and two separate sections of B/W photos of Mr. Carnegie and his world. From the Civil War to the end of the century, the author shows that Mr. Carnegie had a knack for being in the right place at the right time and a genius for riding the next big wave of American modernization. Ethics eluded him and his fellow robber barons as they did whatever they wanted, even murdering strikers at the Homestead Works of Mr. Carnegie (who silently watched and did nothing to rein in the actions of his partner, Mr. Frick). He was the first large-scale philanthropist in giving away billions for the last half of his life. The Gilded Age is little understood today but this biography gives the reader a taste of that era. Another biography of that time is "The Dark Genius of Wall State" (2005) by Ed Renehan about the life of Jay Gould.