A captain of industry can be defined as ¨a business leader whose means of amassing a personal fortune contributed positively to the country in some way.” Andrew Carnegie was an ideal representation of a captain of industry, he was born poor, yet he rose the ranks and became a successful businessman who dedicated his fortune to good causes. Due to his success and innovation in the steel industry and his benevolent donations, Andrew Carnegie was a prosperous businessman who benefited lives across America. Andrew Carnegie furthered the steel industry and brought forward new innovations that advanced technology and market shares for generations. Not only did Carnegie develop technologies, he helped forge new business models. The concept of vertical integration received an immense …show more content…
Technology wise, Carnegie was a true innovator. In a photo taken in 1899 of a Carnegie plant, one can see utilization of the Bessemer process. The Bessemer process is a cheap and efficient way to manufacture steel by using a furnace to remove impurities from iron by oxidation. Carnegie was one of the first US tycoons to invest in the process and by 1899, Carnegie had manufactured more steel than all the factories in Great Britain. With this fast production, Carnegie was able to ship more steel for bridges, railroads and other steel uses. (Document C). Andrew Carnegie was such a name in the steel industry, by the 20th century he had an immense impact on the steel industry. As his company grew, his overall steel output grew. Between the years of 1892 and 1900, Carnegie
What made you categorize your choice as a Robber Baron or Captain of Industry? There are several reasons of categorizing Carnegie as Captain of Industry. First, he was a steel tycoon and a wise businessman. He did smart investments to start his own company.
The context of Andrew Carnegie becoming a Caption of Industry is the industrial revolution. Industrialism is the expansion of factories and the mass production of manufactured goods. The Industrial Revolution of the early 1900s set the foundation for the rise of Andrew Carnegies steel. While some people think Carnegie is a Caption of Industry because he got to the top by going from rags to riches, his monopoly act, and being a good businessman, evidence suggests he is a Robber Barron because he would pay his workers such little amounts and would make them work many hours, he would also make it hard to compete against him. Andrew Carnegie is a questionable man; he went from living a very poor life as a child to being a billionaire.
In 1870 he founded the Carnegie steel company a step which cemented his name as one of the “ captains of industry.” By the 1890’s the company was the largest and most profitable industry enterprise in the world. In 1892 the homestead strike in Homestead Pennsylvania pitted in one of the most powerful new corporation. Carnegie steel company against the nation's strongest trade union. Henry Clay Frick stepped up production demands and when
The opposite of a robber baron is a captain of industry and Andrew Carnegie fits more appropriately into that category. Andrew Carnegie is the father of the steel industry.
With the money he earned from his previous investments, he built many steel mills all over the country and these milles hosted a new type of technology. The way he made steel was with the bessemer process. This was the fist inexpensive way to mass manufacture steel. It used the open hearth furnace but the key part of the process was the way it blew the impurities out of the molten metal with air, This new technological advance made it possible to mass produce steel and to make buildings and other large structures out of it. But what made him so successful was he owned everything he would need along the way.
During the late 1800s, there were some very bad, powerful people. One of them was Andrew Carnegie, captain of the steel industry. Andrew Carnegie was a Scottish immigrant who came to America to seek a better life. He made his money in the steel industry after figuring out a way to manufacture it faster. Andrew Carnegie was a villain because he didn’t care about his workers, preached about world peace and then turned around and gave the U.S. Navy steel, and because his club tampered with a dam, killing thousands.
He started dedicating most of his time to the steel industry during the next decade. His business changed the way steel was produced and manufactured in the U.S. Carnegie built plants around the country, using different methods and new technology that made producing and manufacturing steel easier and faster. He was the owner of Carnegie Steel Corporation by 1889. It was the largest in the
Industrialization and Industrialists had many important impacts on America. The era of industrialization known as the " Gilded Age" opened up many new doors for the American people. The industrialist Andrew Carnegie had one of the biggest impacts on America by far. Carnegie was responsible for the production of steel.
The question of whether John D. Rockefeller and Andrew Carnegie were "captains of industry" or "robber barons" is a complex one. Both John D. Rockefeller and Andrew Carnegie played significant roles in the growth and development of American industry during the late 19th and early 26th centuries. On one hand, they are often referred to as "captains of industry" because of their entrepreneurial spirit and their ability to innovate and transform entire industries.
The United States began to enter a prosperous and increasing period after the civil war known as industrialization. Despite the fact that industrialization led the United States to wealth, it also led it to many social and economic problems during the late 19th and early 20th centuries. During this time, Upton Sinclair and Andrew Carnegie were the people who responded to the economic and social problems generated by industrialization. Andrew Carnegie was one of the wealthy men in America and was very charitable, he impacted the United States with his steel to transform cities. During these economic and social problems generated by industrialization, he responded by providing money to fund charities.
Andrew Carnegie was a “robber baron” as shown in the way he acted towards the people who helped him reach the top and the terrible working environment that he subjected his workers to. He did various things in an attempt at overshadowing the awful things he did and positively alter his public image. His mentor, Thomas Scott, taught him the skills he would use to become the undisputed king of steel. Costs were the most important aspect of any business and reducing those required cutting wages, demanding 13 hour days and utilizing spies as a way to thwart possible strikes. Many years after Carnegie had gone out on his own, Scott met with him thinking that the years they spent together and all he had taught him would unquestionably result in help in his time of trouble.
A Captain of Industry is used to describe a successful businessman. Carnegie created an efficient steel industry. He did this by, converting iron into steel and built a new steel plant for his company called, Carnegie Steel Company. In the excerpt, “Who was Andrew Carnegie,” the author says, “Carnegie changed huge batches of iron into steel, which was much more flexible than brittle iron. Carnegie threw his own money into the process and even borrowed heavily to build a new steel plant near Pittsburgh.”
Rockefeller: The Captain of Industry that has helped our country thrive “The best philanthropy” he wrote, is constantly in search of finalities- a search for a cause an attempt to cure evils at their source” - John D. Rockefeller John D. Rockefeller was the richest man of his time but, used his wealth to improve our country. Rockefeller entered the fledgling Oil industry in 1863, by investing in a factory in Cleveland, Ohio. In 1870 Rockefeller established the Standard Oil Company. With the establishment of the oil company Rockefeller controlled 90% of the oil business in America by 1880.
Andrew Carnegie was one of the most famous and wealthiest American industrialist during the Industrial Age. He was a robber baron who made a fortune in the steel industry and applied vertical integration to his business. Carnegie contradicted his views as a robber baron because he supported, but destroyed many unions. This made many of his views unethical.
Carnegie began to invest his money into steel, and as he is well known for Carnegie Steel. Carnegie got together with Sir Henry Bessemer, to create a more efficient way to produce and refine steel. This process sped up, and made it cheaper to produce steel. This helped reap huge profits for Andrew Carnegie, and his stock holders. Carnegie was able to mass produce steel in large quantities, and maintain great margins.