Why Is Andrew Carnegie Considered A Captain Of Industry
Andrew Carnegie was considered a captain of industry and a robber baron in my opinion. Carnegie was born on November 25, 1835 in Scotland. He was born in an attic of the family’s business in a weavers cottage. He was born in a very poor family. His family couldn’t afford for him to go to school, so he taught himself all the things he had to know with a little help of his family. Him and his family moved to the United States and settled close to some family members in Pittsburgh because there were lack of the business in Scotland. His family ended $7.50 extra for bills so he got his first job in a tactile industry as a worker, and earned $1.20 a week. At the age of 16 he was famous for being able to decode a dot-dot-dash, not that many people in the world are able to do that. At …show more content…
He was hired to manage the railroad up to a supervisor to the age of 24 making $8.00 a week, and he made $1,500 a year. Andrew Carnegie was a very wealthy man for a lot of different reasons. He was making more than an average 24 year old. What made Carnegie wealthy was in his steel industry. Carnegie was selling his steel in his own company. In 1872, when he was trying to get out of business he made a trip to England. He met Henry Bessemer. 20 years before Henry Bessemer developed a technique from converting iron into piers, stronger material. Carnegie stole that process and started his own steel business, he raised $700,000 in the investment capital. In twelve months while meeting with Bessemer his steel mill was under construction. And he acquired his 107 acres of land outside of Pittsburgh for his steel company. There were several step carnegie had to know about the steelmaking process. The first step to making steel is to get his worked to collect iron ore from his giant open-pit mines. The second way to transport the ore by rail and ore boat to a large blast furnace. The third thing you
Andrew Carnegie: Robber Baron Or Captain Of Industry
368 Words | 2 PagesWhat 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.
How Did Andrew Carnegie Contribute To The Gospel Of Wealth
639 Words | 3 PagesAndrew Carnegie was born in 1835 in Dunfermline, Scotland, but immigrated to the United States in 1848 with his parents. Carnegie became wealthy through his venture in steel with his company Carnegie Steel Corporation. He sold the company in 1901 for $480 million to JP Morgan and decided to focus on his philanthropic work. Carnegie developed an ideology called the “Gospel of Wealth”, in which he stated that “those who accumulated money had an obligation to use it to promote the advancement of society”. Carnegie became famous for practicing what he preached, as he would fund public libraries and gave money to charities.
How Did Andrew Carnegie Win
277 Words | 2 PagesThe free enterprise system offered Andrew Carnegie unrestricted industrial power, used by profit focused individuals like himself. Andrew Carnegie went on to become one of the wealthiest men of the 19th century. He came into the nicknames of "the steel magnate" and the "oil baron". Early on Carnegie had the strong characteristics of a successful entrepreneur. Carnegie had a ruthless financial and organizational skill and a great appetite for cost efficient production, and a keen eye for innovation.
How Did Andrew Carnegie Impact America
735 Words | 3 PagesAndrew Carnegie was born on November 25, 1835 to William Carnegie and Margaret Morrison Carnegie in Dunfermline, Scotland. Carnegie’s father was a linen weaver, but in 1847, steam- powered looms became popular in Dunfermline leaving many of the hand loom weavers unneeded. Margaret Carnegie stepped up to the plate to provide for the family by repairing shoes and opening a small grocery store. In 1848, Carnegie and his parents made the passage to America where they joined his mother’s sisters in Pittsburgh. Carnegie later wrote that he would learn what it was like to live in poverty and to watch his father beg for money.
Andrew Carnegie Summary
371 Words | 2 PagesAndrew Carnegie was born November 25, 1835, in Dunfermline, Fife, Scotland. He had little formal education and grew up in a family that believed in the importance of books and learning. Carnegie grew up to be one of the wealthiest businessmen in America. http://www.biography.com/people/andrew-carnegie-9238756#synopsis Carnegie started work as a telegrapher and by the 1860s had investments in railroads, railroad sleeping cars, bridges and oil derricks. He accumulated further wealth as a bond salesman raising money for American enterprise in Europe.
Andrew Carnegie Greed Quotes
355 Words | 2 PagesGreed – the extreme, selfish desire to acquire what is beyond average necessities. Whether greed applies to wealth or power, mankind is prone to exemplify the cupidity. Humans may never become truly content with what they are given, allowing them to desire superfluous objects. The development of greed, as shown in repeated history, eventually leads to the ruination of characters, one particular character being Andrew Carnegie. Andrew Carnegie, the leader of the steel industry in the 19th century, epitomized the concept of greed by yearning for supplementary profits within his company; this greed greatly affected the lives of many, including Carnegie himself.
Andrew Carnegie Dbq
511 Words | 3 Pages“What if the proper mode of administering wealth after the laws (of survival of the fittest) upon which civilization have thrown it into the hands of the few?” (Doc. B - Andrew Carnegie) Andrew Carnegie was a Scottish-American, self-made entrepreneur who from the age of 24 was motivated and well to do. He was, from the start, always trying to find ways to make money. Finally, he found out a way to make steel that was stronger, more durable, and cheaper.
What Impact Did Andrew Carnegie Have On The Community
500 Words | 2 PagesAndrew Carnegie was born in Scotland in 1835, and he immigrated to the United States in 1848 settling in Alleghany, Pennsylvania. Carnegie is known for building a steel empire and becoming the richest man in the world. Additionally, Carnegie is renowned for the impact that his philanthropy had on the late 19th century, the 20Th century, and the present day. Through the various foundations affiliated with his name, his impact is felt in the medical field, political arena, and in education (Andrew Carnegie: Pioneer. Visionary.
How Did Andrew Carnegie Have Great Wealth
1551 Words | 7 PagesAndrew Carnegie was born on November 25, 1835 in Scotland and died August 11, 1919 in Massachusetts. He was an American industrialist who led the expansion of the steel industry. During Carnegie’s childhood, an economic downturn resulted in his family moving to Pennsylvania. At age 14, Carnegie became a messenger in a telegraph office, where he eventually became the secretary and telegrapher of Thomas Scott, a superintendent of the Pennsylvania Railroad Company. In 1859, he rose above Scott as superintendent of the railroad’s Pittsburgh division.
Why Is Andrew Carnegie Important
714 Words | 3 PagesAndrew Carnegie, A man of many talents, that never gave up, and always strived for perfection. When you think of the economy and how far along it has came since 50 years ago one name should come to mind, Andrew Carnegie . He was the top person when it came to steel and made a lot of money doing it. Andrew Carnegie, played an important role in United States history, which brought about an exponential change in the United States “Carnegie was born on November 25, 1835, in the small Scottish town of Dunfermline, near Edinburgh. His father, William, had been a successful weaver and moved to Dunfermline from a tiny settlement in order to be closer to the center of trade.”
Andrew Carnegie And The Gospel Of Wealth
502 Words | 3 PagesAndrew Carnegie helped in the expansion of the steel industry. He built Pittsburgh’s Carnegie Steel Company, and then sold it to J.P. Morgan for $480 million. As a result of selling the company, the U.S. Steel Corporation was created. Being that he was very affluent, he donated a great deal of his money to charities. Carnegie also dedicated his time to study philanthropy.
Why Is Cornelius Vanderbilt A Captain Of Industry
185 Words | 1 PagesOverall, I thought that the term Robber Barron to describe Cornelius Vanderbilt was justified. For example, in the article Robber Barons or Captains of Industry, we learned that Vanderbilt was “one who either destroyed his enemies or extracted a ransom in return for leaving a market”. Basically, he was so competitive that he ran other business out of the market in order gain more wealth. Even though he helped the economy with building steamships and providing transportation of goods though the railroad systems he still was looked at in a negative way because of how competitive and ruthless he was. I thought that Andrew Carnegie was more like a captain of industry because he was more focused on bettering society as a whole rather than just
Andrew Carnegie: A Brief Biography
298 Words | 2 PagesAndrew Carnegie was born on November 25, 1835 in Dunfermline, United Kingdom. Growing up, Carnegie’s family believed in the importance of learning and books. However, Carnegie had very little proper schooling. At the age of thirteen, Carnegie and his family moved to the United States of America and settled in Pennsylvania. He soon got a job working in a factory earning only $1.20 a week.
What Extent Was Andrew Carnegie A Robber Baron Or A Captain Of Industry
362 Words | 2 PagesHis workers worked twelve hours a day, seven days a week for barely anything, and then he tried to implement a 30% pay reduction. While he sat and did nothing, earning millions, his workers worked tirelessly for hours upon hours and barely earned enough to survive. He was a Robber Baron in the sense that he took advantage of his workers. Andrew Carnegie was a Captain of Industry. He donated $9.5 billion dollars to charities, libraries
Andrew Carnegie And The Gospel Of Wealth
1173 Words | 5 PagesCarnegie believed in the value of books and learning, and eventually he would display the traits of the modern entrepreneur. In 1848 Carnegie came to the United States with his family, and started working from job to job while learning about business and about the railroad from a mentor, and one of the railroads top officials at the time, Thomas Scott (biography.com). Carnegie left the railroad in 1865 to focus on other interests, mostly on his business and investments. Carnegie created the Carnegie Steel Company which revolutionized steel production and eventually made him the richest man in the world at that time, and by 1889 Carnegie Steel Corporation was one of the largest corporations in the world. Carnegie was able to control the aspects of steel production like the raw materials, ships and railroads for transportation, and the coal fields to fuel his machines (biography.com).
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