Andrew Carnegie's steel empire started in eighteen seventy and ended in nine teen o seven because He sold it for millions of dollars, and it made him one of the most successful men then. when he entered the steel business he became a dominate force to other companies and people, and later sold it for four hundred eighty million dollars, making him one of the most successful men then had the most successful philanthropist too. Andrew Carnegie expanded railroad investments and found the steel empire. He was a very successful man in the industry.
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.
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.
In the past, there have been many influential economic figures in the industrial business industry. Andrew Carnegie is one of the most famous of these figures but not just in a business scheme, but also in an economic and national scheme. Andrew Carnegie is a business man that caused a major controversial issue to arise; the topic of being labeled a Robber Baron or a Captain of Industry by the public. A Robber Baron is someone who has become wealthy through heartless and unethical business actions that will only benefit the individual. On the other hand, a Captain of Industry is a business leader who has become rich by accomplishing activities that will, overall, benefit the people of the community such as expanding a market or providing more jobs. There have been many debates on which one
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.
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 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. All of this makes Andrew Carnegie look like a hero, but he was not. Carnegie was no hero because he didn’t treat his workers fair enough, he was selfish, and he
He is a fanatical about costs in that when he asked his friend Frank how much money did he make last month and he said he does not know, Carnegie said that he would get out of it if it happened to him. Also, when a new steel competitor called Allegheny Bessemer Steel. Carnegie was worried about his competitor’s production method which is the direct rolling process which would undercut his prices so he sent a notice warning railroads that their methods created defective rails that could cause fatal accidents to raise alarm and after he buried the company, he modified it to use the direct rolling process. According to “Homestead and Its Perilous Trades,” the workers worked 12 hours for $2.25 with cuts of 85 cents with pay ranging from $1.40 to $10 with ⅔ of the workers getting the pay and how the crude molten iron kills workers often. Carnegie wrote to Frick: “My idea….is always to shut down and suffer. Let them decide to go back to work.” Last but not least, the St. Louis Post-Dispatch said how Carnegie confessed he was a coward and lied and ran off to Scotland out of harm’s way to await the issue of the battle he was too weak to share and also did not say anything to stop the bloodshed but only said he had confidence in the managers of the
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.
During the 19th century, industrialization impacted the United States in many way. Industrialists, like John D. Rockefeller, owned or were involved in management of an industry. At the time, these agents were considered a “Robber Baron,” while others were considered a “Captain of Industry.” However, many were considered good because they were philanthropists.
Andrew Carnegie was a major capitalist of the 19th century. He became a major capitalist in the steel industry. He attained much of his wealth because he practically created the steel industry. Starting from the bottom and working is way to the top Andrew Carnegie became one of the richest men during his time. Starting at earning a dollar and twenty cents a week. Over time he will gain experience as a telegraph messenger and work at a Pennsylvania railroad this will help him to get a job in the railroad industry and three years later he is the superintendent. The next decade Andrew now owns his own steel business called Carnegie Steel Company. Andrew Carnegie revolutionized steel as we knew it using technology and procedures that made making steel much faster. For this he is a “Captain of the Industry”. Carnegie was a smart business man unlike most industry’s during his time instead of buying the other companies out he would make his prices lower than another producer which would send them out of business. He helped out many by making colleges for individuals to attend and he gave back to his community by donating 56 million dollars to build libraries.
Eastman, Rockefeller, and Carnegie are Captains of Industry. They are Captains of Industry because they donated their money to help children. George Eastman supported dental clinics for children who couldn 't afford treatment so their teeth are more white and they will take more pictures and use his camera. Andrew Carnegie donated more than $350 million to help build over 2,500 libraries and used his steel to make them. Also, John D. Rockefeller Founded the General Education Board in 1903 and established high South by providing free professional advice. These three people helped others so they would use their inventions and make more money.
The industrialist Andrew Carnegie had one of the biggest impacts on America by far. Carnegie was responsible for the production of steel. Steel was a much needed resource during the Gilded Age, as railroads were the most popular mean of transportation. Steel was needed for the production of these trains and railroads. Steel was produced using the Bessemer Process, which sped up the production of steel and made the process much easier. The increasing demand for steel also created many jobs, impacted the job industry. Many workers were employed by Mr. Carnegie,