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Carnegie Gave Away His Fortune To Benefit Others

August 11, 2010 by  

On Aug. 11, 1919, a remarkable philanthropist and industrialist went to his reward. Andrew Carnegie, the king of steel and architect of the second Industrial Revolution, made the equivalent of many billions of dollars… and then gave it all away.

Born in Scotland, Carnegie immigrated to America at the age of 13 and went to work as a “bobbin boy” in a cotton factory. A frugal Scotsman, he saved every penny he could, invested heavily in railroads, then used the dividends from his railroad stocks to build a steel mill. By the 1890s, his Carnegie Steel Co. was the largest and most profitable industrial enterprise in the world.

By the time he was 40 Carnegie was worth some $400 million—the equivalent of nearly $20 billion today.

He vowed to spend the second half of his life giving it all away. He sold his interests to J.P. Morgan and used his wealth to fund schools and universities and to construct 2,509 public libraries. Carnegie later heeded his lifelong urge to return to Scotland, where he died of bronchial pneumonia at the age of 83.

—Chip Wood

Chip Wood

is the geopolitical editor of He is the founder of Soundview Publications, in Atlanta, where he was also the host of an award-winning radio talk show for many years. He was the publisher of several bestselling books, including Crisis Investing by Doug Casey, None Dare Call It Conspiracy by Gary Allen and Larry Abraham and The War on Gold by Anthony Sutton. Chip is well known on the investment conference circuit where he has served as Master of Ceremonies for FreedomFest, The New Orleans Investment Conference, Sovereign Society, and The Atlanta Investment Conference.

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  • Diane

    Mr. Wood,

    Andrew Carnegie was hardly the selfless philanthropist. His “generosity” could be attributed to his desire for a one-world government. His influence haunts us today.

    As Dr. Stanley Monteith related in his Radio Liberty newsletter from November, 2003, which can be found on the Internet (by the way, Dr. Monteith expands on this in his outstanding book, “Brotherhood of Darkness”):

    ” … Andrew Carnegie and Cecil John Rhodes were friends: both men dedicated their lives to the establishment of a world government. Andrew Carnegie funded the Carnegie Endowment for International Peace; Cecil Rhodes funded the secret society that created the Council on Foreign Relations …”

    Also, please read the excellent report, “The Chasm,” by G. Edward Griffin, which can be found on the Internet as well, where he describes the motivation (discovered by the 1950′s-era-Reece Committee) behind Mr. Carnegie’s and his foundation’s “largesse;” here is a small excerpt:

    “… From the very beginning, the members of the board discussed how to alter life in the United States; how to change the attitudes of
    Americans to give up their traditional principles and concepts of government and be more receptive to what they call the collectivist model of society. I will talk more about what the word collectivist means in a moment, but those who wrote the documents we will be quoting use that word often and they have a clear understanding of what it means.

    At the Carnegie Foundation board meetings, they discussed this question in a scholarly fashion. After months of deliberation, they came to the conclusion that, out of all of the options available for altering political and social attitudes, there was only one that was
    historically dependable. That option was war. In times of war, they reasoned, only then would people be willing to give up things they cherish in return for the desperate need and desire for security against a deadly enemy. And so the Carnegie Endowment Fund for
    International Peace declared in its minutes that it must do whatever it can to bring the United States into war.

    They also said there were other actions needed, and these were their exact words: ‘We must control education in the United States.’ They realized that was a pretty big order, so they teamed up with the Rockefeller Foundation and the Guggenheim Foundation to pool their financial resources to control education in America – in particular, to control the teaching of history. They assigned those areas of responsibility that involved issues relating to domestic affairs to the Rockefeller Foundation, and those issues relating to international
    affairs were taken on as the responsibility of the Carnegie Endowment.
    Their first goal was to rewrite the history books, and they discussed at great length how to do that. They approached some of the more prominent historians of the time and presented to them the proposal that they rewrite history to favor the concept of collectivism, but they were turned down flat. Then they decided – and, again, these are their own words, ‘We must create our own stable of historians.’

    They selected twenty candidates at the university level who were seeking doctorates in American History. Then they went to the Guggenheim Foundation and said, ‘Would you grant fellowships to candidates selected by us, who are of the right frame of mind, those
    who see the value of collectivism as we do? Would you help them to obtain their doctorates so we can then propel them into positions of prominence and leadership in the academic world?’ And the answer was ‘Yes.’

    So they gathered a list of young men who were seeking their doctorate degrees. They interviewed them, analyzed their attitudes, and chose the twenty they thought were best suited for their purpose. They sent them to London for a briefing. (In a moment I will explain why London is so significant.) At this meeting, they were told what would be
    expected if and when they win the doctorates they were seeking. They were told they would have to view history, write history, and teach history from the perspective that collectivism was a positive force in the world and was the wave of the future. In other words, in the guise of analyzing history, they would create history by conditioning future generations to accept collectivism as desirable and inevitable.”

    • s c

      Diane, your comments point out that in this world, it’s not enough to be simply “aware” of what’s going on around us. We need to see what we need to see, and filter out that which we’re ‘supposed’ to see. It’s no accident that Carnegie’s ‘gift’ was pre-packaged for the American people.
      It’s entirely possible that Buffet and Gates are modern-era Carnegies. Could it be that Soros hasn’t yet guzzled the contaminated, new-and-improved Kruel Ade that Buffet and Gates champion? I’m betting that Soros has focused plans for his wealth, and that he doesn’t care a whit for doing things that net Uncle Scam’s praise.

  • Diane

    S C, the sad thing is that I know plenty of well-intentioned liberals (and even some conservative-leaning people) who believe people like Bill Gates and Warren Buffett are saint-like, selflessly giving of their wealth to help the downtrodden masses. Nothing could be further from the truth, unless you consider genocide to be “helpful.” These “philanthopists” truly are the 21st-century Carnegies! And looky who else is involved in this 21st-century “largesse:” You got it, the Rockefellers; if there is anything stinky lying about, you know a Rockefeller or two can be found nearby! Check out the article in “Financial Sense:” “BILL GATES TALKS ABOUT ‘VACCINES TO REDUCE POPULATION,’” by F. William Engdahl:

  • s c

    I gave up trying to convince ‘Dems,’ liberals and progressives that a feel-good approach to reality is a symptom of a defective mind. Now, I’m convinced that every card-carrying, useful idiot has a mental disease that is akin to being addicted to crack.
    Some on this website have done enough research to know who’s who and what’s what. We can bounce some ideas off each other, but in the interim we’ll never get Comrade Obama’s hordes to admit or understand that their obsession with destroying America amounts to trying to keep a lid on an exploding teapot.
    Maybe Livingston will present a topic that deals with what a useful idiot is, and readers can compare notes on the many household names of those who would happily sell their arses and their souls to help politicians enslave America to make it an ‘enlightened,’ ‘better’ country.


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