Tom Scott was one of the major railroad manufacturers in the 1800s. Andrew Carnegie was Tom Scott’s assistant when he was young. Scott grew fond of Carnegie and made him his personal assistant. This is how Carnegie’s skyrocketing business started. As he grew older, he was very helpful to Tom Scott’s business in the railroads, which is why Tom Scott was helpful towards Carnegie’s business as it first began.
First, he was a steel tycoon and a wise businessman. He did smart investments to start his own company. He was devoted to education. He spent a large sum of his money opening libraries, and institute. Carnegie was an innovator.
The Industrial Revolution began because England is abundant in natural resources, people left to that area for jobs, and inventions made it easier to perform those jobs. England is abundant in natural resources. “…she has coal and iron lying close together, that her sheep give the best wool, that her harbors are plentiful…she is not ill-off rivers.” (Doc 4). England’s geography helped them to industrialize. Coal, iron, cotton, lead, tin, and wool are the resources
Rockefeller: The Captain of Industry that has helped our country thrive “The best philanthropy” he wrote, is constantly in search of finalities- a search for a cause an attempt to cure evils at their source” - John D. Rockefeller John D. Rockefeller was the richest man of his time but, used his wealth to improve our country. Rockefeller entered the fledgling Oil industry in 1863, by investing in a factory in Cleveland, Ohio. In 1870 Rockefeller established the Standard Oil Company. With the establishment of the oil company Rockefeller controlled 90% of the oil business in America by 1880. Coming with a successful business is people trying to find faults in your greatness.
The industrial revolution was a time period in the early 1900s when many new inventions and innovations came about and changed society forever. industrialization had a positive impact on society because steel, automobiles, and the light bulb were obtained. These were all beneficial inventions and innovations that helped people in their daily lives, and are still used in the modern world. The steel industry grew because of Andrew Carnegie’s new invention, the Bessemer process. It produced steel cheaper and more efficiently than before.
The Gilded saw America 's economy boom. Steel, oil, and railroads played a crucial role in this economic boom. Owners of the biggest companies, Vanderbilt, Rockefeller, and Carnegie, were the ones who industrialized our nation. Their industrial impacts were both positive and negative. Right after the Civil war, America was rebuilding itself.
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.
In the United States today, many believe that everyone has the potential to climb up the corporate ladder to achieve different positions, such as chairman, chief executive officer, chief financial officer, or chief marketing officer. The idea is that if one is skilled enough in their industry, they can gradually achieve whatever goals they desire. In the early stages of Carnegie’s life, it’s evident that he was on a similar path. Carnegie was said to have an “able mind and charm”. Not only does this relate to Jay Gatsby’s charming characteristics, but it also relates to Willy Loman’s interpretation of the American Dream in Arthur Miller’s Death of a Salesman.
Andrew Carnegie would create an empire that would move the steel industry. Under his influence steel plants started to be built all over the nation. This helped the nation be able to get building materials faster. Overall Andrew Carnegie played a major role in the Industrial Revolution by expanding the steel trade. He helped the expansion and the distribution of steel.
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”
This nation rose to power with the help of carnegie. He was building a better economy for the country. E was also making our nation 's defence stronger ass steel was used to build our navy. He created many jobs he changed the way the country worke, ass people were abandoning their farms to come seek a better life in the itty. The fact that he was able to be the richest man on the planet at one point doesn 't make him a hero, he is a hero to the future of this country.
In not just the steel industry, the factory workers of the age were working to the exclusive benefit of the prime benefactor for the company. Painter writes “Thanks to efficient management and the scope of operations, Carnegie’s industrial empire made more than $40,000,000 in profits per year in the early 1890’s.” and that “When the contract between the amalgamated Association and the Homestead mill expired in June 1892, Carnegie was at his castle in Scotland and offered Frick a free hand.” (111-112) This passage suggests both that the industry was supremely profitable, but that a large part of the profits were going towards the industry’s prime benefactor, Andrew Carnegie. Clearly, the industry was a cruel and unforgiving business, one that need change, reform and correction if the nation was to
Men like Carnegie, Rockefeller and Morgan could be viewed as "Captains of Industry" and "Robber Barons." Some people may see these men as "captains of industry" because they helped move the nation forward with innovation. Andrew Carnegie who was a Scottish American industrialist ended up leading the huge expansion of the American steel industry.He purchased and constructed Carnegie Steel Company which was in Pittsburgh, Pennsylvania.He built a huge bridge across the Mississippi River which was the first time ever a bridge had been constructed out of steel.This sparked the usage of steel for building and construction.John D. Rockefeller led in the oil industry.He was one of the co founders of the Standard Oil Company which had a great influence
Due to the growth in jobs and economy, The Second Industrial Revolution was born. For example, Eric Foner, the author of Give me Liberty stated,“the country enjoyed abundant natural resources, a growing supply of labor, an expanding market for manufactured goods, and the availability of capital for investment….”(Foner, 2014, page 593). The new territories that the United States acquired after the Civil War gave Americans motivation to innovate their country through the industrial industry. Jobs such as factory production, mining and railroad construction were all in high demand and gave thousands of unemployed Americans and immigrants employment. During The Second Industrial Revolution, employers
Over the course of this post several points regarding John D. Rockefeller and Andrew Carnegie contributions to the industrialization of society were discussed. For instance, Rockefeller’s business model for growing a small company into a national powerhouse. Additionally, Carnegie’s ideas on steel mill worker’s wages and the effects it has on the community’s wages. Now, when looking at these two great men’s contributions to business, it is easy to say, Rockefeller and Carnegie, shaped not only the 19th-century business but also 20th-century