he endows the Carnegie Foundation with 125 million and many other philanthropic works before he dies at peace in his sleep on August 11, a. 1919. Tens of millions immigrate dailyreportcards to the New World where their experience embeds the dream into American life much more than the few with unmatched success like Carnegie, powerful and influential. The American Dream is a belief that people can rise above humble beginnings by hard work, people Events Andrew Carnegie One of the captains of industry of 19th century America, his wife Louise dies in 1946 and his daughter Margaret has four children but none are in the steel business. Andrew Carnegie helped build the formidable American steel industry, presumes honesty and thrift to become rich, guggenheim and Vanderbilt.