In the 1890s, the Carnegie Veterans Association began as a group of boyhood friends and older Andrew Carnegie steel partners united to share business ideas, but it evolved into a powerful secretive network in American business circles. By 1925, these Carnegie lieutenants controlled more than 60 percent of the country's industrial assets. Haunted by their past with Carnegie Steel, they demanded a new ethical relationship with labor and adopted a philanthropic philosophy of paternal capitalism, building libraries, churches, schools, and hospitals. Ultimately, their experiments in industrial democracy and "progressive industrialism" failed, but their efforts formed the root of future cooperative management and employee participation. This chronicle of the evolution and legacy of this influential association offers a new, more complex perspective on Carnegie and demonstrates how he and his lieutenants helped to shape America's view of capitalism.

Charts the life of Andrew Carnegie, from Dunfermline bobbin boy to Steel King of America. Carnegie was born in Dunfermline in 1835, but poverty forced the Carnegies to immigrate to Pittsburgh. He worked his way up, and by 1900 Carnegie Steel produced more steel than Great Britain. He was one of the first to call for a 'league of nations'.

The 1st ed. includes an index to v. 28-36 of St. Nicholas.

The definitive biography of an industrial genius, philanthropist, and enigma.