ipl-logo

Andrew Carnegie: A Man Who Revolutionized The Steel Industry

658 Words3 Pages

“All is well because all grows better.” A quote one of America’s best entrepreneurs, Andrew Carnegie. A man who revolutionized the steel industry through perseverance and hard work. Although he had a bad time with the Homestead, he was not to blame, and it did not represent his character or how he feels. An entrepreneur is someone who ho organizes or operates a business and makes great risks in order to do so. Mr. Carnegie did much more than this. For this reason, I am writing this letter on account of Andrew Carnegie; a historical figure who's skills revolutionized our great country. I am writing this letter to discuss his childhood, philanthropy, investments, and the characteristics that make up such a great business man to support that he should be in the Entrepreneur’s Hall of Fame. Because of poverty, a father that failed to succeed, and that he was not …show more content…

He loved education, so he has given back by providing over 3000 libraries. He also funded Sesame Street, which provides kids with education that is fun. He has been named the second richest man to ever live, and spending all of his fortune except for the fraction of it he gave to his wife is an amazing. Not only did he give during his lifetime, but he still has foundations and institutions that donate today. His giving nature is yet another reason that Mr. Carnegie should be in the Entrepreneurs Hall of Fame. Andrew Carnegie was also intelligent in the way he invested. Because he could better benefit from them, he invested in businesses he knew. One example would be the Sleeping Car, which he invested in because he thought it was a great idea. Also, when it came to his steel industry, he invested in everything he could to make production faster and cheaper. For all of these reasons, he should be inducted because of his ability to choose good investments and maximize profits and production

Show More
Related

  • Andrew Carnegie's Impact On The Industrial Era

    750 Words  | 3 Pages

    Carnegie was a firm believer in Social Darwinism. He saw himself as the most fit, and his financial success was attributed to this fitness. This idea of Social Darwinism made him believe that he was better than everyone else, because he was the most successful and elevated of all mankind. “America needed steel,” (45) and Andrew Carnegie provided. Although Carnegie felt he had more worth than most other people, he still felt he should give back to help others.

    Read More

  • Andrew Carnegie: Robber Baron Or Captain Of Industry

    368 Words  | 2 Pages

    He was devoted to education. He spent a large sum of his money opening libraries, and institute. Carnegie was an innovator. In 1902, he established the Carnegie Institute to aid scientific research. He also established $10 million worth funds for

    Read More

  • Brief Biography Of Andrew Carnegie: Captain Of Industry

    870 Words  | 4 Pages

    His companies allowed for the heating of millions of homes and the construction of thousands of skyscrapers in America. He gave immigrants and American citizens working opportunities in the booming cities. While being the head of great businesses, Andrew generously donated millions of dollars to the sciences, the building of libraries and even gave over $10 million worth of pension money to teachers throughout America. Was Andrew Carnegie a generous benefactor or, perhaps, a money hungry robber baron? Andrew donated millions from his fortune to help the lives of the growing American population.

    Read More

  • Andrew Carnegie Robber Baron Or Captain Of Industry

    873 Words  | 4 Pages

    As industry began to grow in America, a select group of pioneers such as Andrew Carnegie became controversial. The controversy was that they were simply rich and took from the poor. People who participated in such acts were referred to as “Robber Barons”. It is often said that Andrew Carnegie was a “Robber Baron” but he was not because in his case, he was one of the first people to bring industry to such a large scale. Without people before him, he had no guidance and therefore it was much harder to conduct business because he was essentially creating his own path.

    Read More

  • How Did Andrew Carnegie's View Of Wealth

    217 Words  | 1 Pages

    Andrew Carnegie created the worlds largest and most profitable steel company making him one of the wealthiest men in the world. Carnegie believed that certain people had the ability do certain things and you must overcome obstacles to do the impossible. Meaning if you have the money and means you are more fit than others. He justified his wealth as benefiting society and promoting civilization.

    Read More

  • Synthesis Essay: Andrew Carnegie And The American-Dream

    1635 Words  | 7 Pages

    It is undoubtedly true that Andrew Carnegie was very generous when it came to donation to charity, revealing how selfless and altruistic Carnegie could be. Having net assets over $2,167,000,000 as of 2005, it would be sad to say that Andrew Carnegie never did any good with his money, however this is not true. In his lifetime, Andrew Carnegie made billions of dollars through his

    Read More

  • Why Is Andrew Carnegie Important?

    621 Words  | 3 Pages

    Carnegie accepted and with this money he established institutions that invested in higher education, teaching, world peace, and

    Read More

  • What Impact Did Andrew Carnegie Have On The Community

    500 Words  | 2 Pages

    Innovator., 2015). In addition, Andrew Carnegie is best known for his charitable impact on public libraries across the United States and the world. Andrew Carnegie decision to fund and to help build libraries across the United States was born from a passion to help others and the impact libraries could have on a community. Andrew Carnegie came from poverty; he later donated sixty million dollars to fund 1,689 public libraries across the United States (Stamberg, 2013). The belief that it was one’s responsibility to give back, and his belief that public libraries can be instrument of change were the reasons that Carnegie funded and built libraries.

    Read More

  • Andrew Carnegie's Response To Industrialization

    666 Words  | 3 Pages

    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.

    Read More

  • Andrew Carnegie Is Not A Hero Essay

    454 Words  | 2 Pages

    Carnegie is not a hero because he took money, only gave to other wealthy recipients, and contributed largely to his own.     Andrew Carnegie took money away from deserving people. Carnegie cut the wages of his workers to donate money elsewhere. In document D, there are two images of Carnegie, one is giving a wage cut notice to the workers and the other is giving a check to Scotland and donating a library to Pittsburg. Carnegie’s employees were working hard and trying to survive in a tough economy, their wages did not deserve a cut.

    Read More

  • Analysis Of Andrew Carnegie's The Gospel Of Wealth

    835 Words  | 4 Pages

    The late nineteenth century was a pivotal moment in American history. During this time, the Industrial Revolution transformed the nation, railroads had dissipated all throughout the country, and economic classes began to form, separating the wealthy from the poor. One of the wealthiest men of this generation was Andrew Carnegie, a Scottish immigrant who fled to America to make millions off the railroad, oil and even steel businesses. Carnegie is considered one of the richest men in history, and even with all that wealth he decided to give back to the community. As a matter of fact, Carnegie donated most of his funds to charities, universities and libraries in his last few years.

    Read More

  • Why Andrew Carnegie Is Not A Hero Essay

    625 Words  | 3 Pages

    Knowing there was competition Andrew Carnegie could be trying to get rid of his “friend” because it would be less competition he would have to worry about. In brief summary Carnegie was not a hero because of how badly he treated his employees who worked nonstop for him. He was selfish for wanting to be recognized for his work only because he did not want to be disgraced when he died. To stay successful and be on top he did what he could do to kick his competition out of business. If Andrew Carnegie was really a hero he would not hurt people, instead he would try to help them.

    Read More

  • Henry Ford: Robber Barons Or Captains Of Industry

    1406 Words  | 6 Pages

    The Gilded Age was an era that transformed from agrarian to industrialized working/businesses and goods. The Gilded Age soon came after Reconstruction and lasted from the late 1860’s to the late 1890’s. During the Gilded Age there were many businessmen that were labeled Robber Barons or Captains of Industry based on their actions of ruthlessness and monopoly or their actions of generosity and kindness. A Robber Baron is a businessman who obtained wealth through cruel manors. A Captain of Industry is a business leader who obtained wealth through positive and generous ways that had a good impact on those around them.

    Read More

  • Andrew Carnegie Robber Baron Analysis

    798 Words  | 4 Pages

    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.

    Read More

  • What Is Andrew Carnegie Ethical Or Unethical

    338 Words  | 2 Pages

    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.

    Read More

More about Andrew Carnegie: A Man Who Revolutionized The Steel Industry

Open Document