Close to his retirement in 1901, Carnegie sold the Carnegie Steel Company to John Pierpont Morgan (banker and a strong financial dealer) and Charles M. Schwab for nearly $500 million wherein Carnegie’s share was $225 million.
Louise Carnegie's sister in law-by-marriage was, Louise Carnegie's husband Andrew Carnegie's uncle in law was, Louise Carnegie's husband Andrew Carnegie's aunt in law was, Louise Carnegie's husband Andrew Carnegie's uncle-by-marriage was. Carnegie also recruited extremely capable subordinates to work for him, including the administrator Henry Clay Frick, the steelmaster and inventor Captain Bill Jones, and his own brother Thomas M. Carnegie. Thus was born Clara Kelley, a young Irish woman who becomes indispensable to Carnegie’s mother and the object of Andrew Carnegie’s affection. In1892 he founded the Carnegie Steel Company by utilizing the various assets that he had accumulated over the years. 1,689 were built in the United States, 660 in Britain and Ireland, 125 in Canada; others in Australia, New Zealand, Serbia, the Caribbean, and Fiji. He got married to Louise Whitfield at the age of 51, after his mother’s death.

Andrew Carnegie was an industrialist best known for leading the expansion of the American steel industry in the late 19th century. Louise advised Andrew as they jointly helped the creation of more than 2,500 libraries between 1883 and 1929. During her last public appearance in Pittsburgh, years ago, Mrs. Carnegie looked at the institutions of learning and culture her husband had given the city, and declared: “Here is the best conception of the idea of the brotherhood of man. Corrections? [1] At the time of the marriage, Louise was 30; Carnegie was 51. Ms Louise Whitfield was about to say “I do” to one of the richest men in the world in a quiet private wedding ceremony in her family’s home in New York City. It was 8 o’clock on the evening of April 22, 1887. Every year, Carnegie and his family stayed in Scotland for six months in order to closely monitor the business activities. Foreseeing the future demand for iron and steel, Carnegie left the Pennsylvania Railroad in 1865 and started managing the Keystone Bridge Company. When is a Night Watch not a Night Watch? Courtesy of Carnegie Library of Pittsburgh.

The Carnegie Steel Company continued to prosper even during the depression of 1892, which was marked by the bloody Homestead strike. MR. CARNEGIE'S WEDDING. The Railroad business being the top rated business in America in those days, helped Carnegie in honing his managerial skills. This was a proverb Carnegie’s mother had repeated often and one that would stand him in good stead to become one of the richest men in the world. He had meanwhile begun making shrewd investments in such industrial concerns as the Keystone Bridge Company, the Superior Rail Mill and Blast Furnaces, the Union Iron Mills, and the Pittsburgh Locomotive Works. I have so many recollections of the lovely, affectionate friends whom I knew there.”, Her last public appearance with Andrew had been in Pittsburgh. Carnegie also rendered services to the military telegraph during the Civil War and finally took the job the superintendent of Pennsylvania Railroad at the age of eighteen.

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