Andrew Carnegie: Captain Of The Metal Industry
Andrew Carnegie By some means, Andrew Carnegie journeyed from being penniless to becoming one of the most wealthiest man to exist (McGuire). By getting himself into the metal industry, Andrew Carnegie became a captain of industry who helped to make America strong. In the first place, The metal industry’s most popular iron and and steal, promised Carnegie a future brimful of wealth and success (Kohn). In order for Carnegie to have succeed in being in the metal industry, it was clear that he had to discontinue his career of a railroad executive (Kohn). To commence his business in the metal industry, Carnegie invested in an iron manufacturing factory (Kohn). Carnegie also bought into an iron bridge plant and then bought into a Company making …show more content…
Once Carnegie retired from his job at the age of 66, he decided to become a philanthropist (America’s Library). Carnegie believed that since he was wealthy, it was his responsibility to give money to those who were in need or to others in society (America’s Library). Even before he retired, Carnegie had already made some charitable donations. For instance, in ‘’America’s Story from America’s Library’’ the source states ‘’Carnegie had made some charitable donations before 1901, but after that time, giving his money away became his new occupation. In 1902 he founded the Carnegie Institution to fund scientific research and established a pension fund for teachers with a $10 million donation.’’(America’s Library). What this quotation manifests is that Andrew Carnegie made made charitable donations, even before he decided to retire. The second manifestation made in this quote is that Carnegie was dedicated to giving his money away to the people who actually needed the money. Not only did Carnegie give his money to those in need, but carnegie also contributed to fund organizations and to fund
How Did Andrew Carnegie Contribute To The American Dream
1988 Words | 8 PagesAndrew 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.
What Is Andrew Carnegie's Contribution To The Railroad And Telegraph Industry
598 Words | 3 PagesThe 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.
Why Is Andrew Carnegie A Significant Person In History
244 Words | 1 PagesAndrew Carnegie was a significant person in history because he was a wealthy businessman living the American dream, a dream everyone hoped to experience but never did. Coming from humble beginnings, Carnegie came from Scotland to America as a poor immigrant working from job to job before becoming a secretary on the Pennsylvania railroad. He was a diligent worker and was paid in forms of stock which Carnegie eventually sold, allowing him to begin the Carnegie Steel company. By 1900, Carnegie had around 20,000 employees producing more steel than England because he constantly found cheaper production methods for making steel. However, unlike the other monopoly holders, Carnegie donated nearly $350,000 out of the $400,000 to charitable organizations
How Did Andrew Carnegie Contribute To Wealth
1053 Words | 5 PagesHe was one of the first economists to change the way the economy was run. Born on November 25, 1835, Andrew Carnegie was one of the most wealthiest and famous industrialists of the late 1800s and early 1920s. He is a Scottish-born American industrialist who pushed the economy of the United States into a whole new level. He was the one who expanded America’s economy into what we know it as today. Ever since he was a young boy, he already had ambition burning inside of him.
Andrew Carnegie Persuasive Essay
387 Words | 2 PagesI agree with Andrew Carnegie’s decision to donate and invest his accumulated wealth in the public because it is the most useful and beneficial way to spend his wealth. Moreover, I believe that distributing the money to relatives or keeping the money to oneself does not sufficiently utilize the money. By donating and investing in the public, a majority of the money can be spent on necessities for the general public, rather than spending the money on a single person. In other words, Andrew Carnegie’s decision to donate and invest in the general public benefits significantly more people than it would if he were to give it to relatives or keep it to himself. Furthermore, I believe that withholding the money to oneself is unrightful in the sense
Who Is To Blame For The Downfall Of Andrew Carnegie
530 Words | 3 PagesRenowned owner of the first mass production company of steel wasn’t always a millionaire, Andrew Carnegie grew from small telegram messenger to large investor in mass production in steel. Carnegie assisted in the railroad business throughout the war, even helping colleagues to invent and patent some of the first sleeping cars for the railroad. After the war he began in the business of the ironworks trade that replaces, in large numbers, bridges with iron, while doing so he used his social skills to benefit the company. Throughout the years he travels and soon learns of a way to mass produce steel from Henry
Andrew Carnegie Dbq
511 Words | 3 Pages“What if the proper mode of administering wealth after the laws (of survival of the fittest) upon which civilization have thrown it into the hands of the few?” (Doc. B - Andrew Carnegie) Andrew Carnegie was a Scottish-American, self-made entrepreneur who from the age of 24 was motivated and well to do. He was, from the start, always trying to find ways to make money. Finally, he found out a way to make steel that was stronger, more durable, and cheaper.
Andrew Carnegie Dbq
408 Words | 2 PagesWas Andrew Carnegie a Hero During the late 19th century, Andrew Carnegie made an investment in the steel industry that profited into a fortune, but Carnegie’s earlier life didn’t include wealth. In fact, his family immigrated from Scotland to America in the mid 1800s in search for opportunities. After working tirelessly for many years, Andrew Carnegie became one of the most successful businessmen and philanthropists of all time. Although he accomplished many achievements in the Industry there are underlying reasons indicating that Carnegie was not a hero, such as, his wealth management, inconsiderate work conditions, and hypocrisy.
Andrew Carnegie Dbq
430 Words | 2 PagesTo consider surplus as trust funds to produce the most beneficial results from the community. ’’ He wanted to donate all his money for the greater good of the community. Andrew Carnegie also opened many Carnegie libraries where people can use books without a fee because he believed that if a man wanted work and gained knowledge he should be able to. In (document 9) it shows how much he donated not in total but in that list alone he donated 271,013,000 dollars and in total he gave 350,695,653.
Galbraith's The Gospel Of Wealth
652 Words | 3 PagesRather, he thought that wealthy men had a responsibility to determine how the money they made was spent. Carnegie himself became a huge philanthropist and his essay, “The Gospel of Wealth” started a large wave of philanthropy. His essay states that the “surplus wealth of the few will become, in the best sense, the property of the many, because administered for the common good, and this wealth, passing through the hands of the few, can be made a much more potent force for the elevation of our race than if it had been distributed in small sums to the people themselves.”
Andrew Carnegie A Hero Essay
602 Words | 3 PagesIn the article “Wealth” Carnegie states “The duty of the man of wealth (is to) set an example of modest living; and to consider all surplus revenues… as trust funds to produce the most beneficial results for the community.” This shows the reader that he thought everyone should help people out. He also said that you shouldn’t show affection with money. Overall the message he sent was that it is what you do with your money that matters not just the fact that you have lots of it. Andrew Carnegie carried the trait of concern for others and that made him heroic.
Andrew Carnegie A Hero Analysis
862 Words | 4 PagesThere are two faces of industry and two sides of Carnegie. One in which he is an employer and the other in which he was a man who gave his money to the better good, in which he was a philanthropist and a hero (Doc. 10). Yes, Carnegie benefited off of the people who worked for him, but being the head of the industry, he worked hard to get there and in the same conditions as his workers do now, to reach those benefits, and to gain his wealth (background). The Oxford Press, in 1970, published Carnegie's philanthropy, his total givings overall was listed at $350,695,653, most of it went to universities and educational purposes (Doc. 9). The Carnegie Corporation's net assets in 2005 were listed at $2,167,000,000, the foundation is currently giving out one-hundred million dollars a year, most of it to education (Doc. 9).
Analysis Of Andrew Carnegie's The Gospel Of Wealth
835 Words | 4 PagesThe 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.
Who Was Andrew Carnegie A Captain Of Industry Essay
460 Words | 2 PagesDuring 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.
How Did Andrew Carnegie Contribute To The Steel Industry
591 Words | 3 PagesAndrew Carnegie Andrew Carnegie’s was one of the most successful businessmen during America’s Age of Industrialization in the 1880’s. After the Civil War, he saw a future in having a career in the iron industry, and later on, decided to invest in the steel industry (PBS). Though Carnegie is most known for his contribution in the steel industry, he took part in a few other businesses as well. However, the Gilded Age is an era full of poverty and corruption hidden underneath the prosperous, wealthy nation, and the working conditions within Carnegie Steel Company were not much better than those in other factories (Resetar).
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