Indianapolis in Marion County, Indiana — The American Midwest (Great Lakes)
(November 23, 1835 - August 11, 1919)
Scottish-born Carnegie and his family immigrated to the United States. Just 13 years old, he worked six days a week in a cotton mill, changing spools of thread 12 hours a day.
As a messenger boy for the Ohio Telegraph Company, Carnegie delivered telegrams to theaters and often talked his way into the audience.
Carnegie became a
Without even $50 to his name, Carnegie made his first investment when his mother mortgaged $500 out of their $700 home so he could buy ten shares of the Adams Express Company.
During the Civil War, Carnegie excelled as superintendent of the Military Railways and the Union's eastern telegraph lines, managing the successful military transportation and communication networks. After the war, he focused on the iron industry.
Carnegie married Louise Whitfield. During the late 1880s, Carnegie Steel was the world's largest manufacturer of pig iron and iron products.
Andrew Carnegie amassed a fortune in the steel industry through vertical integration, a method in which he controlled the manufacturing process from raw materials through distribution. At the height of his business career, he was the second richest man in the United States. He sold his steel interests in 1901 to J.P. Morgan for a sum of $480 million, making him the richest man in the world. $480 million in 1901 is equal to $120 billion by early 21st century standards. This acquired wealth funded his philanthropic interests in building and supporting libraries and educational and cultural institutions across the nation.
Erected by Cultural Trail Indianapolis.
Topics and series. This historical marker is listed in these topic lists: Charity & Public Work • Communications • Industry & Commerce • Railroads & Streetcars. In addition, it is included in the Indiana, Cultural Trail Indianapolis series list. A significant historical year for this entry is 1848.
Location. 39° 46.61′ N, 86° 9.592′ W. Marker is in Indianapolis, Indiana, in Marion County. Marker is on West Walnut Street west of North Illinois Street, in the median. Touch for map. Marker is at or near this postal address: 702 North Illinois Street, Indianapolis IN 46204, United States of America. Touch for directions.
Other nearby markers. At least 8 other markers are within walking distance of this marker. Wilbur and Orville Wright (a few steps from this marker); Albert Einstein (within shouting distance of this marker); Booker T. Washington (within shouting distance of this marker); Thomas Edison (within shouting distance of this marker); Franklin & Eleanor Roosevelt (within shouting distance of this marker); Mark Twain (about 300 feet away, measured in a direct line); Jonas Salk (about 300 feet away); Susan B. Anthony (about 400 feet away). Touch for a list and map of all markers in Indianapolis.
Credits. This page was last revised on April 27, 2019. It was originally submitted on April 27, 2019, by Devry Becker Jones of Washington, District of Columbia. This page has been viewed 66 times since then and 2 times this year. Photos: 1, 2. submitted on April 27, 2019, by Devry Becker Jones of Washington, District of Columbia.