Andrew Carnegie Research Papers
Andrew Carnegie was a rich wealthy businessman that had a steel industry provided the materials for Bridges that gave Americans the ability to travel to many different places. Carnegie steel company was a company that was created by Andrew Carnegie in the 1870s. Andrew Carnegie was not the first person to create a steel mill, What he did is find ways to make the production of steel faster and easier. His steel production speeded up the Economy by having bridges to get to one place to another place. By building bridges, People could travel faster over the water and areas where you couldn’t walk through. By building bridges across water ways people wouldn’t have to wait for so long just to get on a boat.
In the 1870s Carnegie new company built the first steel plant in the united states. Andrew Carnegie used the Bessemer steelmaking process When carnegie started coming out with steel. He impacted a lot of Americans through the country. Carnegie started managing Keystone Bridge company. He started that company in 1865. Carnegie managed Keystone Bridge company through 1872-1873. Carnegie was 38 at that time. Andrew built a bridge that could hold a lot of weight. It was one of the new improved bridges. People no longer had to get on a boat and get across. At one time many people could go across the bridge without it collapsing into the water. The big bridge speeded up transportation. They could get goods across from one place to another place in a short
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He started to get steel for the railroads. Carnegie fast methods lead a faster production on railroad steel. Carnegie did not invent the process of making railroads. In 1873, Andrew Carnegie organized a company a “Bessemer Steel railway company”. There was a depression up through 1879. By cutting his prices and getting help form the local banks. He was able to stay in business and keep producing steel for the
How Did Andrew Carnegie Contribute To Capitalism
711 Words | 3 PagesIn 1873 he began to build The Edgar Thomson Steel Works factory. When the factory opened Andrew traveled to all railroad owners convincing them to buy his steel. On September 1st 1875 The Edgar Thomson Steel Works factory produced two thousand rails for the Pennsylvania Railroad alone (DE Capua 2). Andrews Employs hated him because of harsh conditions and low pay, he supported the eighteen hour work day and didn't pay his employs a lot because he did not want them to waste the money on drugs and alcohol (McGill 3).
Flame Spewing In Andrew Carnegie's Hostile Industry
798 Words | 4 Pages(History.com) One man from Scotland would take these huge monsters and create a huge industry that would eventually take control of over one quarter of the steel created in the United States. He would eventually become the wealthiest man in the country. His ingenuity
Andrew Carnegie Dbq
219 Words | 1 PagesJust like the treatment his workers endured Carnegie wasn't any nicer to his competitors. Andrew Carnegie was a phenomenal businessman. Much of his success is due to how he operated his business. He watched the costs of his business intently (Document C), always making sure that the steel was being produced at a lower price than what it was being sold for (Document D), and he watched his competitors even closer. In March 1889, when Allegheny Bessemer Steel built a mill directly across from Carnegie's mill it intimidated Carnegie.
Andrew Carnegie Dbq Essay
1277 Words | 6 PagesHe then worked for the Pennsylvania Railroad and in 7 years worked his way up to make $1,500 a year. He then met Bessemer which showed him the work of steel, which Carnegie adopted. He invested in mills and had the Thomson Steel Works. He then acquired interest in Frick coal fields, coke ovens, ore fields, railroads, and ships. In the end Carnegie sold his business in steel to J. P. Morgan and gave most of his money away in his later years.
How Did Andrew Carnegie Impact The Making Of America
446 Words | 2 PagesHe went to Henry Bessemer, a German scientist, who had invented a way of introducing iron to carbon more efficiently. Carnegie could produce a steel railroad tie in 15 minutes, rather than the average 2 weeks. Taking this invention back to the United States, Carnegie built a bridge spanning the Mississippi River and thus creating structural steel. After having a very successful life with Carnegie Steel, he then sold his company to JP Morgan for $480 million.
How Did Andrew Carnegie Contribute To Wealth
1053 Words | 5 PagesCarnegie worked at a cotton factory before becoming a division superintendent. Throughout the years, he began to invest in companies such as iron and oil. This led Carnegie into the steel business which made him into a powerhouse. Opportunity Andrew Carnegie’s childhood life played a huge role that lead to his success in his later years.
Andrew Carnegie's Impact On Factory Workers
203 Words | 1 PagesThe steel tycoon Andrew Carnegie started out from a humbling beginning as poor immigrate working his way up the corporate ladder (). Until the day came when Andrew Carnegie decided he would strike out on his own, and Carnegie Steel was born. Now, Carnegie new that his steel mills most valuable assets was the workers. Consequently, Carnegie encouraged the workers to participate in collective bargaining for wages (). As a result, the factory workers were able to bargain their way to a truly livable wage.
Industrialization Dbq
424 Words | 2 PagesSteel was a great invention created by Andrew Carnegie. He created
Andrew Carnegie Dbq
648 Words | 3 PagesThen, he left and moved to New York. In 1872 he took a trip to England and cooperated with Henry Bessemer to build a steel mill. He became famous Homestead steel. The philanthropy of Andrew Carnegie made him a hero which set the foundation for three reasons. This was done through Carnegie’s gifts because he gave money to help many causes like education, religion, and other charities, ”The Gospel of Wealth” he believed that rich people are superior to all classes so they should use their money to help lessen or poor people and Carnegie helped his hometown.
Technological Advancements During The Gilded Age
200 Words | 1 PagesThe Gilded Age brought America many different technological advancements such as the railroad system, kerosene, steel, and light bulbs. These advancements impacted the lives of people in America. The railroad system impacted the lives of American people by making travel much faster. Instead of the trip taking 6-7 months it can now take up to 10 days.
How Did Andrew Carnegie's Use Of Vertical Integration
735 Words | 3 PagesIndustries developed new methods to increase efficiency levels—as well as profits. Andrew Carnegie, owner of the Carnegie Steel Company, pioneered the use of vertical integration. Under this system, Carnegie bought out companies that provided raw materials and services that he needed. Iron, for example, is a main component of steel.
How Did Andrew Carnegie Contribute To The Industrial Revolution
447 Words | 2 PagesWorking as a personal telegrapher he came up with two ideas to help make the railroads more efficient and these two ideas were the most successful ideas. In 1859, he was promoted to Pennsylvania railroad superintendent. In 1861, Carnegie started the freedom iron company. Since the railroads were getting destroyed in war and deteriorating over time the iron business allowed him to bring in a lot of money since he was the biggest iron maker. In 1865, Andrew changed paths and sold the freedom iron company to make the keystone bridge company, this was revolutionary because this is when bridges started being built with iron instead of wood.
Inventions Of The Second Industrial Revolution
644 Words | 3 PagesThe founder of this company – a young man named Andrew Carnegie who came to New York City in 1848 – would eventually create the very successful business, Carnegie Steel, by capitalizing on the advancements of the second industrial revolution. Carnegie’s company invested in iron mail, and their primary focus was turning cheap iron into steel through the process of oxidation in which impurities were removed from the metals. Carnegie Steel began to mass produce affordable steel products by using machinery to replace most laborers, which was another advancement of the second industrial revolution. Carnegie Steel became one of the most successful steel manufacturers of all time and led to Carnegie becoming a self-made millionaire. The innovations introduced by Andrew Carnegie and his steel company played a large role in America’s economic success during the second industrial
Andrew Carnegie Research Papers
677 Words | 3 PagesThe strikers eventually won causing the company to stay closed. Then five days later the governor in Pennsylvania sent soldiers to restore order and re-open the the plant. Two months later the strike was called off, Carnegie was criticized for Fricks actions. Carnegie did a lot to achieve his large empire, he fought competitors and made good business
Standard Oil Monopolies
1400 Words | 6 PagesWe support the statement ‘Monopolies have led to the success of many economies in the world, and therefore, they should be maintained by government if they want their economies to continue enjoying economic growth and prosperity’. This is because monopolies are large in size, they benefit from economies of scale and are able to generate a huge amount of profit- larger than other market structures. With this money, they can invest in research & development, improving their existing products and creating new ones. Moreover, monopolies have a great impact on a country’s economy. Two very large monopolies that positively impacted the United States economy is Standard oil and Steel Company.
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