How Andrew Carnegie Became the Richest Man in the World (and then gave it all away)
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- Опубліковано 20 тра 2024
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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! • The Billionaire Who Wa...
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: amzn.to/4bF0V1S
Or get it for free: www.gutenberg.org/ebooks/17976
Andrew Carnegie by David Nasaw
Purchase here: amzn.to/48eDCsZ
Andrew Carnegie: Captain of Industry
books.google.com/books?id=Cyv...
www.carnegie.org/interactives...
www.forbes.com/sites/chloesor...
www.carnegie.org/interactives...
www.npr.org/2013/08/01/207272...
library.columbia.edu/librarie...
www.thevintagenews.com/2017/0...
www.cambridge.org/core/journa...
www.geni.com/people/Andrew-Ca...
www.entrepreneur.com/money-fi...
www.encyclopedia.com/people/s...
web.archive.org/web/201612222...
www.philanthropyroundtable.or...
archive.org/details/giantsofe...
Here's an annotated script with footnotes: docs.google.com/document/d/1j...
Related videos:
• The One Political Issu...
• The War Your American ...
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#ushistory #apush #history
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
Which significant figure in American history should I cover next?
Also, a shout out to Chuck Feeney! I probably should have mentioned him since he did, in fact, give away all of his wealth before he died.
And finally, this video is sponsored by Betterhelp. I've had friends use it and they found it very helpful. Click betterhelp.com/mrbeat for a 10% discount on your first month of therapy with a licensed professional specific to your needs.
Not an American figure but I wanna see a video on the Aztec eagles of Ww2
John Trudell
John Paul Jones
J Edgar Hoover, MLK, Georgetown D.C. MAKE MORE CIVIL WAR CONTENT
President LBJ. His contributions to civil rights cannot be overlooked. I'd also recommend Harriet Tubman.
BetterHelp has been caught selling extremely personal information and does nothing to vet their therapist. Their record is truly an awful story.
“No man becomes rich unless he enriches others.”
― Andrew Carnegie
This quote is such a mood man
I'm sure those union workers were thinking that right when Andrew decided to address their concerns.
Dude skipped the past couple millenia of slavery and indentured labor.
@@somevagrant3772
That’s the underlying question, isn’t it? Does Carnegie’s philanthropy ever outweigh the means by which he gained his riches?
I love that quote
@@warlordofbritanniano.
Mr. Carnegie give me money
lol
@@iammrbeat lol
@@iammrbeatlol
@@iammrbeat lol
@@iammrbeat lol
Don’t forget his greatest contribution to humanity. Resurrecting the dinosaurs in a private island and spawning 4 movies about them. Clever girl
He spared no expense!
I am relieved to know I'm not the only one who thought that John Hammond from Jurassic Park resembled Andrew Carnegie.
Me to Mr beat😁
Fun fact, the actor who plays John Hammond in Jurassic Park is the older brother of David Attenborough (the actors name is Richard Attenborough)
It’s creepy how similar they are 😅
Just a reminder you dont need to be super rich to help. Donate your time and volunteer if you have spare time.
A reminder we all need.
Great message, thank you for that.
I’ve tried doing volunteer work several times over the years….unfortunately volunteer work seems to be a bastion of the semi wealthy to make themselves feel better….. very clique ish at best and at worst not productive..
Amen
@@laurachristianson1688 Volunteer anyway ....You can focus on the "clique" part of it or you can focus on the good the organization does in the world (people level, society level, local level, earth level...). So just focus on be an awesome volunteer for a good productive organization. Volunteering is about helping others and giving back (or paying forward) nothing else in important.
I love how he switches between pronunciations of the name throughout the whole video 🤣 so very unbiased mr beat
lol I figured that was also annoying to some
Honestly stopped noticing after like 5 mins, even though I strongly preferred the car-nee-gee
A billionaire giving away money is already rare. But a billionaire giving away ALL his money is straight up BASED.
Every billionaire I can think of gives away money.
Bill Gates, Warren Buffet, Musk, Mars, all run large charities they fund.
Please name ONE billionaire who does not give away money.
Maybe don’t base your facts on your personal jealousy of people who are more successful than you?
@@MomentsInTrading
I’d be impressed if they divested themselves of their ill-gotten riches like Carnegie did.
@@MomentsInTrading Well, yes, many billionaires give money to charity. It's a great way to get tax write offs. Does it benefit other people? Yes. But I wouldn't say it's necessarily altruistic.
What Carnegie did, however, seems to be exceptional. He gave away almost all his wealth. I can think of only two well-known billionaires who've said they'll do something similar (Bill Gates and Warren Buffet; mentioned in video), but that's about it.
Edit: Also, what part of what this person said seemed jealous to you? This is an argument I've seen before, but what I always say is this: criticism does not equate to jealousy.
@MomentsInTrading true, they do donate. I would say that the problem is that their donations don't equal the amount they are earning for themselves. The money they earn doesn't cycle back into the economy. Carnegie was a capitalist in every sense of the word, but he still had a heart and knew where he came from. You don't really see that with today's capitalists.
Comment below me makes another good point 👇 @coldwar45
He did it partly because of guilt because of the way he got the money and the people he abused to do it
don't take betterhelp sponsorships please
yeah the jews dont pay him enough its really mean
@@mattata-san ?
@@GynxShinx you have much to learn
@@mattata-san give him the scoop! Help a brother out!
Whats wrong with it?
Hey Mr.Beat, look up a guy named "Chuck Feeney" he passed away recently. Very similar story, made most of his fortune in the duty-free stores and gave most of it away anonymously to various universities and charitable organizations. I believe most of the buildings and schools he funded never knew it was him who donated it, none of them bore his name. idk his full story but its very inspiring from what i've heard!
Check the pinned comment :)
I am very aware of Chuck. Heck, that dude needs his own video.
Carnegie's foundation gave 100k(1.8 mil nowadays)for the university library in Belgrade(Serbia),a massive building(built in 1926.)
The city gave him a street as a symbol of gratitude.
Text above his bust in the building-
"Let it be known that this book storing facility was created and founded as the fruit of a noble thought and a noble gift of Carnegie's foundation and that by God's choice it would be opened 26th of may 1926."
Thanks for sharing that. Often these libraries were well-made. Many of them will be around for at least hundreds of years.
Amazing
Andrew Carnegie was a fascinating character who exemplifies the American dream. His positive impact has been felt by an uncountably many. I certainly owe some thanks to the man.
It was awesome meeting you and Mrs. Beat in dreary Pittsburgh!
No way! You saw the video! It was nice to meet you, too. :)
Hey Mr. Beat, I know you may not be aware of this due to being focused on work, but the sponsor of your video, BetterHelp, have a lot of other UA-camrs have calling out the company, it promises to keep its users mental heath data, and just general user data confidential, but shares it to social media
Betterhelp is a bad company, idk why they are suddenly back after all these UA-camrs had to apologize for being sponsored by them
As someone who is currently going to Carnegie Mellon University, it’s wild knowing that you were recently here
Same here lol
As a Pittsburgh native it's cool to see you come to our city. Not the most grandeur but it's nice. Carnegie left a big impact. P.S. I hope you've been enjoying the record amounts of rain here.
We absolutely loved our time there!
Pittsburgh has always been a unique city and has beauty on many level.
Better help ads make me feel like I'm living in Brave New World or something
We kind of are :/
Just take a Soma holiday and it'll all be better
BetterHelp is a bad company :(
Not the Sam Bankman-Fried reference at the beginning 💀
There’s a sense of pride that exists in every person who grew up in Pittsburgh. This video overwhelmed me with that feeling. I’m glad you visited my hometown and I’m glad to claim Andrew Carnegie as one of us. His steel built so much of this country and his philanthropy changed the course of many lives.
His autobiography is the best book I’ve ever read. His story is so inspiring and interesting.
Mr. Beat I recently discovered your channel and I can’t get enough of your videos! As a Canadian I appreciate the way you explain American history. Thank you Mr. Beat!
Thank you very much!
Carnegie represents an interesting moral question-at what point does a billionaire redeem themselves for their riches? You can’t make that much money without exploiting hundreds of thousands, but does Carnegie’s philanthropy outweigh that? If so, to what degree?
I honestly don’t know, though I’m liable to say he’s the exception that proves the rule, if not to it.
I think one thing that’s really important to think about are the striking workers who he hired mercenaries to kill at Homestead, or any of the workers who were regularly killed or injured at his plants. If you were to ask their families, I don’t think any amount of money would ever make them stop wanting their family back.
would he even been able to do anything if he dind't do what he did not praising him but his business would have just been devoured if he tried to be a fair and good company owner at that specially time could be wrong though, I kinda hope so?
@@akorn9943To be fair it was Frick who did the actual dirty work because Carnegie couldn’t bear to do it himself.
That said he still allowed him to do it so the responsibility is Carnegies
@@atrckr-bf7deHe could’ve easily given them union representation and safe working conditions but he didn’t
I believe towards the end of his life he knew he was going to be held accountable for his actions in the next life and did everything he could to clear his conscience
People probably shouldn’t be praising this guy a whole lot. He DID treat his factory workers HORRIBLY. Known for paying extremely low wages, cutting down on workplace safety, etc etc. All of the things that you think an evil factory owner would do he probably did. All of those things so he could profit. It was one of the reasons he got so much money.
Given the times, he was quite generous though
Bro at that time he was the most moral factory owner
did you not watch the video he literally discusses this
Mainly Frick's work. But Carnagie definitely was okay with worker exploitation.
Yeah, but he gave them jobs. Better than being unemployed and starving
Though there is certain things that I might disagree with, I am so happy that he helped out society in the ways he felt was right during his time in history; and actually contributed to improving society!! Although I wish he didn’t snuff his workers out of money, when they should’ve been paid a fair wage of that time period.
Yeah, I think he clearly had a much more positive impact on the world than negative.
Learned a lot. Thanks Mr. Beat
the perfect mix of educational and silly!! Love your stuff, Mr. Beat!!!
Thank you so much!
Carngie didnt run an FTX scam
Hes good enough for me
I'm glad you caught that reference at the beginning. :)
i'm from around johnstown, and currently live near pittsburgh, that was a good video sir. thank you
Thank you for another great video Mr Beat, when I am eventually a 9-12th history teacher I plan to utilize lots of your content for education, good work man!!
Welcome to Pittsburgh Mr. Beat very happy to have you!
Congrats on 1 million Mr beat
Truly amazing.
Mr Beat I know youv been lifting the past two years you don’t need to hide it king we all see it. Love and peace from Stowe Vermont
He’s in his Clark Kent role 😂
I was shocked the first time I saw a video of him with no shirt on.
I'll break out the tank top for the REALLY BORING content lol
Please do either Calvin Coolidge documentary and/or Top 10 Best & Worst U.S. Representatives next.
I know it’s really hard and takes a long time to make videos like that but they’re always amazing
I appreciate all that!
Hey Mr. Beat, from one fellow Kansas bro to another, GJ on the early 1 mil subscribers!!! Not many youtubers can boast about this! Hope you have something special planned!!!
We need more people like him! Like Mr. Beat!
While his philanthropy is nothing short of amazing, seems odd that such a person should be able to obtain that much money in the first place.
True, but so far attempts to stop that from happening have been so much worse. Its definitely bizarre.
Agreed
@@randomnobody8770the attempts to stop it haven’t been worse, they’ve been abused and distorted before they were implemented by rich people. Lobbying turns any competent law that aims to reduce the wealth gap, into a watered down bill that, at best, pays lip service to the idea of economic equality, and at worse, serves to make the rich even wealthier.
Thank you for the great lesson.
Buying all the suppliers? Don't we call that a monopoly?
This was when monopolies were legal
Yes. No one enforced it though at the time so it was de facto legal
Yep, that was definitely a monopoly
Vertical monopolies are legal, just not horizontal . You can legally own your supply chain, just not all your competitors
Dang Luxottica controlling the whole eye wear industry. Drives my crazy. LOL
My hometown had a Carnegie library. The locals in recent years let it run down... and then sold it off to make condos.
I love these deep dive biography videos
I mean, yeah, he gave away all his money… But he should’ve given that money back to his workers and maybe not brutalize them for asking for better working conditions and more pay
This is probably my favourite history channel EVER! Also I live like 20 minutes away from Dunfermline YAAAAAAAAYYY
He sounds like a hero and a good man
I mean he brutally oppressed his workers and paid them poverty wages, reduced safety in his factories, and was generally a horrible man to be employed by.
Interesting man, on one hand he was ruthless and brutal. But he also did so much to help others.
I think he clearly had a much more positive impact on the world than negative.
Grew up in pittsburgh. Thankful for his contributions. Nobody's perfect, and he did his best in the end
Great video about a great man!
Fantastic video.
Thank you!
Again, Mr. beat another on unsuspected video, and I don’t get a notification even when I’m subscribed, but still very good
Well thanks for still showing up early to watch. I appreciate you
i can't imagine the selfishness it takes to have hundreds of billions of dollars and let people around you starve and die from lack of healthcare.
Yeah, there's definitely that, too
Ahh, the Gilded Age my favorite time in US history to study... and out ofall the Vanderbilts, Morgans, and Rockefellers, I Liked Carnegie the most, and Argue that his giving legacy makes him the best of the bunch, also what a true tale of the American Dream personified.
Gilded age, a fitting name considering that it was a thin layer of gold hiding a disgusting inside. A nation of the rich built off the broken backs of the poor laborers
You honestly should just make an entire video about the Gilded Age. If at least so people can learn about it to help realize we're in a second one.
My friend had her 2021 wedding at the Carnegie building and it was a lovely venue for it. I vaguely remember as a very young kid going to music class there too
Carnegie seems like he was such a wholesome guy.
I'm grateful for this video
I have certain family members that believe, unequivocally, that if someone has too much money they're inherently a bad person
We have a Carnegie Library here in Alliance, Nebraska.
As an APUSH student, learning of the Gilded age was a stick out to me and Andrew Carnegie always stuck out. Interesting how the late 19th century mirrors our current situation
Do you agree with my assessment that we are currently living in the Second Gilded Age?
@@iammrbeat yes but these rich guys aren't donating to anyone but politicians
SO CLOSE TO ONE MILLION🎊🎉🥳!
Mr. Beat you should do a Gilded Age series where you talk about each of the Robber Barons and then rank them based on how good/bad they were. I imagine Carnegie is high on the list but also has some faults
I always love your content sir. However, I’m always a bit biased when hearing about how philanthropic Carnegie was. Hiring Boss Frick and the Pinkerton Gang to shut down the strike plus the Jonestown Flood just never sit right with me.
That catholic guilt at the end, he wanted redemption
Possibly. He always seemed to be the type of individual who wanted to keep himself Holy but didn’t mind others being the bad guy making him money. That’s not an idea exclusive to Catholicism.
I live in a small town of 20,000 in northern England. It was surprising to find out my local library was built by Carnegie and looks almost identical to the one in the intro while being thousands of miles away
Oh my gosh, you were in Pittsburgh!? You were at the very bus stop I get off every day to get to work?!? 3:55
Mr Beat,suggestion,do a video about RFK Sr
Great suggestion!
The dedication to go back and forth between pronunciations is admirable. Editing must have been a nightmare.
Congrats on 1 million subs
21:49 I’ve been in there
So close to a million subscribers!
13:20 Carnegie actually INVENTED vertical integration. It's arguably his finest achievement in life for its impact on the world long after his death
But did he give away as much money as Mr. Breast?
WAY MORE. If only UA-cam existed back then.
Mr Breast?
mr best give me money
You video reminded me of a number of things I learned while living in Da'Burgh itself (I grew up a couple of hours drive away, in what is still considered to be a part of the greater Pittsburgh metro area). They include:
1) With all the money he donated to either build churches, put new roofs on them, or to pay for massive pipe organs found in many churches of the area, many living there, particularly if they are natives, refer to all his giving as Carnegie's attempt to buy a "Get out of Hell" card, especially in light of events such as the strike. Indeed, in spite of all this giving, many natives are at best not so positive in their views, when being bluntly honest. (Not sure how openly they would admit this to outsiders, however. I was considered a native even by those who had been born there and who had spent 50+ years living there, so...)
2) For such humble beginnings, CMU is far from that today. When I worked there, I really could not afford to take classes, even with the discounts given to employees. And today, an academic year will set you back almost $70K if you are commuting, and almost $85K if you are living on campus. This is in line with schools like Harvard and others That is for a year! Part of the reason why they are considered a "New Ivy" school, along with being ranked as one of the top, if not the top computer science school not just in the nation, but in the world, according to numerous reports. Compare this to it costing under $10K/yr for me to go to Ohio State in the early 80s, which looks to be about $27K/yr today (living/eating on campus).
Can’t believe you came out to Pittsburgh for the video! I’m a student in the political science program over at Carnegie Mellon and a huge fan of your content. It was an awesome watch!
We have a Carnegie Library still here in Jackson, Michigan.
That's awesome
I see that you had great weather on your visit here in Pittsburgh. For a city of this size, we are very fortunate to have so much old money that still supports local institutions.
Great video
He was both a hard worker and a hard boss to his employees. It didn't have to be and still have billions of dollars. It is really great that he gave most of it away. Yeah, that's still unheard of.
you should totally run for that open house seat...
I don't think I'd want to put my family through all that
@@iammrbeat fair enough 🙄
The SBF opening is awesome
Oh man, I had no idea you were coming to my home town! I hope you had some Primantis while you were here.
My dad grew up in a town where one of Carnegie's libraries still stands a small town by the name of Streator, Illinois
What a legend 💯
Well its nice to see people were generous even then
Definitely
I don't remember spending 30 minutes in any US history class all thru school. Nice work sir!
Andrew Carnegie was truly the Mr Beast of a generation
This would've been a great video to wear your "Mr Breast give me money" shirt. Could've walked around Pittsburg with it.
Another missed opportunity. Although at least two people recognized me and took a pic with me as I walked around the city.
I just checked and I am honestly shocked how close this channel is to 1 million subscribers. Too bad it won't make UA-cam care about history content.
Making all those Shorts is what's helping me gain subscribers these days.
Heck yeah, wish I’d have seen you in Pittsburgh!
Incredible deep dive
Thank you!
Yep, we have a Carnegie Building at Oklahoma University and it too used to be the Carnegie Library.
The history of pittsburgh cannot be told without discussing Carnegie (its pronounced car nay gee!). Great video
Great video.
Can you do a video on a billionaire who simply paid his taxes…?
There's loads of Carnagie libraries in my city (Dublin)! I spent so long spotting them that my friend had to do a local history presentation and he had me pretend to be an expert 😂
We had a Carnegie free library till
The late 90s when the city took it over and it became the city’s public library. Now it’s something idk what it’s used for now.
Raaaaahhhh lfk mention! I don't mean to dox myself but hello also from Lawrence! I'm oddly really interested in the cities history with it being the home of Langston Hughes, to bleeding Kansas and Quantrails raid, and also the riots at the Kansas University in the 60s. Kansas has some really cool history to me, even if it's a flyover state for most. Although I'm sure every state's history is unique even if I didn't live there lol!
Ok, I'm gonna watch the rest if the video now 👍
I really didnt know this much about Carnagie. Wow what an amazing individual and ahead of his time. I wish more billionaires were like him.
He wasn’t that nice of a guy. Look up the Homestead Strike. That was at his plant
Me too
@coldwar45 Thanks, I will take a look at that. I just finished - The Man Who Broke Captalism. So....hopefully he wasn't as bad a Jack Welch.
“he was the greatest philanthropist of all time,” give MrBeast 50 more years and in 2124 someone will be making a documentary like this about him.
Wow this is gold
If only this was normal
I am from the UK so when I used think of Carnegie I thought about the Hall in New York baring his name. Years later I found out that he owned several local newspapers across the pond, including my own paper, The Express and Star! Carnegie laid the foundations for the paper to become the institution that it is today. Had the good fortune of spending some time at the Star over the past year and it has certainly seen better days, but that is just the reality of print media in the modern world. Regardless, Carnegie's legacy clearly remains relevant
Mr. Beat, once your current contract with BetterHelp expires, please don't take another one
i was searching for mrbeast but this video was amazing , this is like a hidden treasure lol
He never truely forgot his humble old days
Also mr.beat could you do another worst senators video?