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Second annual picnic, Carnegie Steel Co., 1908.
Carnegie Steel Company at a company picnic, 1908

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Carnegie Gives Money to Build Libraries
March 12, 1901

Born in 1835, Carnegie immigrated to the United States with his parents in 1848. Working in American industry and making smart investments, he had already made a fortune before the age of 30. In the 1870s, he saw the potential of the steel industry and founded his own steel mill. The company boomed. Here, the employees of the Carnegie Steel Company pose for a picture at a company picnic. In 1901, Carnegie sold the company for $250 million. It was time for Carnegie to retire. To what did he devote the rest of his life?
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