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Yet, the man who chased fortune with such vigor also became the man who gave it away with equal devotion. Influenced by Herbert Spencer and the philosophy of Social Darwinism, Carnegie believed in the "Gospel of Wealth," a doctrine that posited that the rich had a moral obligation to distribute their fortunes for the betterment of society. He viewed immense personal wealth as a trust, a burden rather than a right. This philosophy led to his most enduring contributions. Carnegie dedicated the latter part of his life to philanthropy, systematically giving away the vast majority of his wealth. His most famous bequest was the funding of over 1,600 public libraries across the English-speaking world, democratizing access to knowledge. He also established the Carnegie Institute of Technology, which became Carnegie Mellon University, and funded the construction of Carnegie Hall in New York City. His commitment to peace led to the creation of the Carnegie Endowment for International Peace. The scale of his giving was enormous, totaling over $350 million, a sum that reshaped education, culture, and international relations.
