With a net worth of sixty million dollars today, Christopher Gardner is an American businessman, author, stockbroker, motivational speaker, and philanthropist who struggled to raise his four year old son while being homeless and unemployed. The story of Gardner is similar to that of Andrew Carnegie’s. When Andrew Carnegie was only twelve years old, he started to work as a bobbin boy in a cotton factory and then as a telegrapher and personal assistant with Tom Scott in order to support his family. Just like Christopher Gardner, Andrew Carnegie worked his way to the top through hard work and he stayed there by giving back to the people and modernizing America. Due to that, Andrew Carnegie is considered a captain of industry because he was a hardworking …show more content…
When Carnegie was young, his family was in poverty, so in order to provide for them, he started to work at a cotton mill at the age of twelve for only $1.20 a week. After five years of hard work, he eventually earned a higher paying position when he worked for Tom Scott. Then, by the year of 1853 he was promoted to working on the railroad for $8.75 dollars a week. From one of his own writings, Document D, Andrew explained, “Do not make riches, but usefulness, your first aim...Concentrate, perform more than your prescribed duties; be strictly honest in word and deed. And may all who read these words be as happy and prosperous and long lived as I wish them all to be.” He wrote this in hopes that others would learn from his ways and succeed in life with riches as well. Carnegie had a can-do attitude; he preached that any honest man who worked hard, was capable to gain wealth. Mr. Carnegie built a great business with outstanding profits. Document P, a dot graph that shows the net profits of Carnegie’s associates, shows that his net profit for his associates’s wages were already $20,000 by the year 1900. These profits showed how much excess money the company was making in order to continuously raise the wages of his workers. With all this, one can conclude that Andrew Carnegie worked hard to get to where he …show more content…
From the beginning, he wanted to make a better life for himself. Through hard work he slowly moved up the ladder and earned a higher paying job. By the age of 17 he worked for Tom Scott and was made $35 dollars a month, which was $30.20 dollars more than he made five years before that. He made such a surplus of money, by 1856 he took Scott’s advice and invested in a stock. Scott also told Carnegie to build a bridge, that no one thought was impossible at the time, but he knowed how to negotiate, so the bridge was built. Carnegie is still the second richest man in history. An expert from the book, Outliers about the seventy-five richest people in human history, in document E, Carnegie is second. How did he do it? By knowing how to run his business and beat out the competition. Not many successful businessman today got to where they were without knowing the game of life and this is how you be successful. Andrew Carnegie was a wise man who gave motivational speeches of how he got to where he was. In document A, Carnegie, at an opening ceremony of a library, stated, “Man does not live by bread alone. I have known millionaires starving for lack of the nutriment...it is the mind that makes the body rich... My aspirations take a higher flight.” Andrew Carnegie spoke out to the people saying why just being rich doesn’t get you anywhere you have to be smart
Andrew Carnegie once said, “No man can become rich without himself enriching others” (Crazy Billionaires Speak: Motivational Quotes by Billionaires on Success, Business and Life 9). Many people associate Andrew Carnegie with his contributions to the economic world during his lifetime and future generations. However, he was also an inspiration to all, because he proved that a person living in tough times could ultimately strive and attain his/her utmost success. Additionally, Carnegie is the embodiment of the American Dream, because he is known as one of the greatest industrialists of his time who grew economically from rags to riches. He strived to achieve world peace and inspired others to follow his footsteps.
The first major fortune that Mr. Carnegie reaped from his investment was in the sleeping car. However, after Carnegie came back from the Civil War he realized that the business was no longer in the railroad and telegraph industry, but in the iron industry. This influenced his transition from the railroad and telegraph industry to the steel industry. This would be the best decision he ever made for his career. He ended up becoming a steel giant.
“I began to stop accumulating and begin the infinitely more serious and difficult task of wise distribution,” as said by Andrew Carnegie. The industrialist and hard-working Andrew Carnegie was a very successful businessman and philanthropist. Andrew Carnegie provided the United States economy to rise due to his steel production in the 1800’s and 1900’s. Although some may think Carnegie was a brutal businessman, Andrew Carnegie enhanced the United States due to his business investments, his philanthropy, and his educational institutions. One way Andrew Carnegie enhanced The United States is his business investments.
The context given over Andrew Carnegie led me to believe many things going towards him as a human. Andrew Carnegie had many things accomplished in his life there is much evidence backing up him as a businessman, boss, and one of the richest men in the world. Andrew Carnegie was a classic rag to riches tail, from him coming to the US as an immigrant to being one of the richest and most eager men in the world. He immigrated to the US due to the swinging door policy the states had, allowing new races cultures, etc, to come over to the US and began a new life. During the time he immigrated to the US, there was a large-scale boom in the economy due to the industrial revolution allowing there to be more potential for success.
The context of Andrew Carnegie becoming a captain of industry is from the Industrial Revolution. Industrialism is the expansion of factories and the mass production of manufactured goods like steel. The Industrial Revolution of the early 19th century set the foundation for the rise of Carnegie steel. He is a Captain of Industry because he used his money to build libraries and paid thousands of churches. His wealth helped out schools and non profit organizations.
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.
Carnegie was not a hero, because a hero does a deed selflessly, but he thought a lot about himself. 184,400,000 dollars was spent on big-name corporations and associations that would honor him by naming a meaningful belonging after him (Doc C). Carnegie was a man who wanted to feed his ego but should have donated money to help the community, not make himself known. Andrew Carnegie was not a true hero. Many may say, going from rags to riches makes Carnegie a hero.
In this text, he makes a valid argument as to why the rich should administer their own wealth unto those with less fortune. He begins his argument by explaining how wealth has revolutionized the United States. Carnegie mentions how the Sioux chief's wigwam was similar in appearance when compared to the huts of those inferior to him, and then compares this to the differences in economic classes of the 1800s. Carnegie later states how the very definition of wealth has changed throughout the years, where the poorest farmer of the 1860s owns more luxuries than the landlord of just a few years prior. Carnegie includes these two facts because he wants to show how much society has progressed throughout the last few hundred years.
Andrew Carnegie was born in Dunfermline, Scotland on November 1835. Growing up poor, Carnegie started working 12 hour shifts at the age of 12 for a $1.20. As he started getting older he taught himself new things which would eventually lead him to making $1,500 a year at the age of 17. In the early 1870s Carnegie was so successful in the steel industry that he sold his Carnegie Steel Company to J.P. Morgan for $480 million making him the richest man in the world. Before dying Andrew Carnegie dedicated himself to helping charities and donating approximately $350 million to education.
Part of a captain of industries duty were to make sure that whatever he does whether it is “trust funds in which he administered”, it would have to benefit the community (DOC 2). Andrew Carnegie believed in Social Darwinism. Social Darwinism is the belief of the “survival of the fittest.” You are rich because God is rewarding and you are poor because you aren’t working hard
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.
During the late 19th century, there was a growth in industrialization. This brought new opportunities for the poor and the rich. For example, Carnegie helped build the steel industry in Pittsburgh Pennsylvania, which made him one of the richest man in the world. As Carnegie gained more wealth, he questioned who money should be given to. Carnegie was both a Robber Baron and a Captain of Industry.
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.
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.
I categorized Andrew Carnegie a Captain of Industry after learning of his philanthropic views and actions. Carnegie not only obtained a wealth from working hard and wisely investing but used most of his fortune to make a difference on the world. Carnegie own words categorize the essence of generosity and kind hearth. I cannot disagree with him when he stated that “The man who dies thus rich dies disgraced”