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The reader gets a real sense of Carnegie's personality from this book. Carnegie was extremely sociable, intelligent, funny, unassuming, and, in a less flattering light, repetitive and stubborn. Nasaw plumbs countless letters, diaries, newspaper articles, and business papers to come up with this complete and extensive picture of one of the most important personalities of the nineteenth century, and I'm glad he did.
Unfortunately the book is simply too long and too suffused with personal details. In fact, Carnegie's character seems so set in stone from an early age that by his 70s it seems unnecessary to quote numberless letters confirming his personal exuberance and optimism. Also, the extensive focus on his personal life (he and his wife's housekeeping, their travels, hobbies, etc.) detracts from a discussion of his more substantial contributions, to business and philanthropy.
Nasaw does show that the 5 foot tall Carnegie bestrode his era like a colossus. His Carnegie Steel Company dominated its industry, as well as railroad and skyscraper construction, for decades. This despite the fact that even though he worked his way up from a poor Scottish childhood, he never believed in excessive work and celebrated the life of leisure even as the leader of one of the world's largest corporations. He basically retired by age forty.
Still, he left numerous other fortunes in his wake, including that of his irascible and unsociable partner Henry Clay Frick, who Carnegie tried to treat like a son and friend but who turned away all of Carnegie's love. When JP Morgan bought out Carnegie Steel in 1901, absorbing it into US Steel, Carnegie found himself the owner of hundreds of millions of dollars in gold bonds that he then used to finance every philanthropic pursuit imaginable. Today there is still Carnegie Hall, the Carnegie Endowment for International Peace, Carnegie-Mellon University, the Carnegie Libraries, the Carnegie Foundation for the Advancement of Teaching, and the Carnegie Corporation. There are few areas of modern life that his wealth did not touch. Yet Carnegie earned so much money from interest he barely managed to spend it as quickly as he earned it. Despite his best hopes, he still died a rich man. Today, his wealth and foundations live on.
His extensive influence means his life certainly deserves an expansive treatment, but I'm not sure this is one I would recommend.
Unfortunately the book is simply too long and too suffused with personal details. In fact, Carnegie's character seems so set in stone from an early age that by his 70s it seems unnecessary to quote numberless letters confirming his personal exuberance and optimism. Also, the extensive focus on his personal life (he and his wife's housekeeping, their travels, hobbies, etc.) detracts from a discussion of his more substantial contributions, to business and philanthropy.
Nasaw does show that the 5 foot tall Carnegie bestrode his era like a colossus. His Carnegie Steel Company dominated its industry, as well as railroad and skyscraper construction, for decades. This despite the fact that even though he worked his way up from a poor Scottish childhood, he never believed in excessive work and celebrated the life of leisure even as the leader of one of the world's largest corporations. He basically retired by age forty.
Still, he left numerous other fortunes in his wake, including that of his irascible and unsociable partner Henry Clay Frick, who Carnegie tried to treat like a son and friend but who turned away all of Carnegie's love. When JP Morgan bought out Carnegie Steel in 1901, absorbing it into US Steel, Carnegie found himself the owner of hundreds of millions of dollars in gold bonds that he then used to finance every philanthropic pursuit imaginable. Today there is still Carnegie Hall, the Carnegie Endowment for International Peace, Carnegie-Mellon University, the Carnegie Libraries, the Carnegie Foundation for the Advancement of Teaching, and the Carnegie Corporation. There are few areas of modern life that his wealth did not touch. Yet Carnegie earned so much money from interest he barely managed to spend it as quickly as he earned it. Despite his best hopes, he still died a rich man. Today, his wealth and foundations live on.
His extensive influence means his life certainly deserves an expansive treatment, but I'm not sure this is one I would recommend.