Name of Industrialist: Andrew Carnegie (Steel Company) How did he acquire his wealth? Carnegie frequently recognized as one of the wealthiest person ever. He made big bucks from oil business. He also led the growth of the American steel company in the late 19th century. How he (or his related industries) treated workers.
The Philanthropy of Andrew Carnegie Made Him a Hero “Surplus wealth is a sacred trust which its possessor is bound to administer in his lifetime for the good of the community.” Andrew Carnegie believes that if you are fortunate enough to make a lot of money you should also be smart enough to give it back to your community and peers. Carnegie was a self-made man who was born in an attic of a little cottage in Scotland. When Carnegie was twelve he and his family packed up and moved to Pittsburgh. That is when he got his first job as a bobbin boy in a textile mill. He made about 1.20 per week so he later quit that job and found a new one decoding the dot-dot dash-dash messages in a railroad station.
In 1859, sales reached one million dollars. According to this, about eighty employees worked for Procter & Gamble. During the American Civil War, the company won bonds to supply the
Andrew Carnegie was the main man in the steel industry, the top dog. He revolutionized the production of steel to make it more efficient, as well as a much stronger product than previously. He created his empire on the backs of the American people. All of this new steel means more workers. Carnegie had the steel workers working long hours, almost every day of the week, in awful working conditions that were not fit for humans.
He was the eldest son; second born; of six children. Attending Oswego Academy and then changing to Central High School, he attended only a single business class at Folsom Mercantile College. Rockefeller’s first establishment was a commission business dealing with hay, grain, meats, and a wide variety of other selections. Rockefeller was an American industrialist and philanthropist. He was a founder of the Standard Oil Company.
Carnegie immigrated at age thirteen from Scotland and worked his way up by developing the telegram system during the civil, there collecting his first million then dominated the steel industry; thereafter prospering his enterprise, which leads him to be the second richest man after Rockefeller. “The American Dream”, envisioned by our Founding Fathers, is a revolutionary idea that any citizen has an equal opportunity to prosper by challenging themselves and through an initiative, and determination. This gives” Wealth” much more of an impact thus, many Americans consider ‘The American Dream” as a standard and praise this idealism. Even if his views seem a bit outdated; it stills heavily impacted lots of Americans from the Gilded Age to modern day. However, for all that prosperity, the gap between rich and poor has always been a huge complication, for over a century, people have tried to fix this inequality.
In his town, Hershey built, homes, stores, churches, parks such at Hershey Park, a trolley, fire station, and The Milton School. The school was built in 1909, when Hershey was 52 years old. Him and his wife Catherine started this industrial school for orphaned boys. Hershey believed boys should know things such as farming, carpentry, mechanics, or others things they were interested in. When he built the school the boys worked hard and if they graduated they got $100 in new clothes and help finding a job.
Although Rockefeller is particularly remembered for his ruthless tactics in his oil monopoly, he contributed an immense fortune to various charity foundations. John Davison Rockefeller was born on the eighth of July, 1839 in Richford, New York. Rockefeller was the oldest child of William A. Rockefeller, a snake-oil salesmen, and Eliza Davidson. Rockefeller’s
“To try to make the world in some way better than you found it is to have a noble motive in life.” This quote by Andrew Carnegie is a an accurate summary of the way Carnegie strived to live his life. Carnegie’s story began in Dunfermline, Scotland, in 1835, when he was born to lowly weaver Will Carnegie and his wife Margaret(“Andrew Carnegie: Pioneer.”). When Carnegie was thirteen years old, his family along with five-year-old Tom Carnegie, sold much of their belongings and sailed to America specifically Allegheny, PA. Will obtained ownership of a relative’s weaving shp after moving into the two rooms above it. Sadly, the business soon failed, puting the Carnegies in need of money once again(“Andrew Carnegie: Pioneer.”). Andrew soon joined
To start with, Charles Dickens is a famous 19th century British author, he wrote a total of 15 novels and some of his works are the: Oliver Twist, A Christmas Carol, David Copperfield, A Tale of Two Cities, and Great Expectations. His father named John Dickens was a naval clerk who dreamed of becoming rich, while his mother named Elizabeth Barrow is aiming to be a teacher and a school director. His parents had 8 children and he was the second eldest. Despite all the efforts of his parents did, they still remained poor. He was 12 years old when he was forced to leave school and get to work, to pay his dad’s debts that sent him to
Cornelius Vanderbilt, also famously known as ‘Commodore Vanderbilt’ was one of the richest men in America. He was born on May 27, 1794 on Staten Island, New York. He was brought up in a poor family including a tragic death in his family. At age eleven he dropped out of school and started working on boats which, brought about an interest in the shipping industry. Then at age sixteen he bought his very first ferry with a one hundred dollar loan.
He soon got a job working in a factory earning only $1.20 a week. He then took a job as telegrapher and an assistant to Thomas Scott, one of railroad’s top officials. Three years later, Carnegie was promoted to superintendent. While working on the railroads, Carnegie started to invest his money and he came to the conclusion that his wise investing was bringing in more money that the railroad business ever would. With that
That year Pelham Township began an audit of the farms assessing them in order to properly tax the landowners. Lawrence, with the most mature farm of the Jennings had his property, farm and livestock assessed to be worth £124 (roughly $20,000 today). He had 60 acres under cultivation with 5 milking cows, 2 horses and 2 oxen. For this he was required to pay, at the rate of one penny to the pound, 6 shillings 4 pence (about $25 today). John’s grandfather Thomas was assessed for his 100 acre farm in 1836 £61 and hence owed 3 d 1 p in taxes.
When Lincoln was assassinated in 1865, only 35,000 miles of steam railways were contracted, but by 1900, there were 192,556 miles of railway. This was more than that of all of Europe combined (Chapter 24). This was all due to machinery that could replace the jobs of men and speed up the process. According to the testimony of a machinist, “In that way machinery is produced a great deal chapter than it used to be formerly and in fact, through this system of work,
Ulysses S. Grant was a man of true courage although he faced alcohol addiction and business failure, he skillfully led the North to victory and helped give African Americans several rights and freedoms. Ulysses S. Grant was born on April 27, 1822 in Point Pleasant, Ohio to Jesse Grant, a tanner, and Hannah Grant, a homemaker (Broadwater 4). At seventeen, Grant was accepted into West Point, the college of choice of his father. Grant went to West Point, New York and soon began his residency. He graduated in four years, in the bottom half of his class (Worldbook Online).