Andrew Carnegie was an immigrant from Scotland who rose from rags to riches through his hard work in the steel industry. He was an industrious leader who helped in transforming the American economy with his business strategies, which was shown later by his success, and then also demonstrated his philanthropy by donating millions of dollars for the betterment of society. Although it can be argued that he was a robber baron who unjustly pushed himself to the top, Andrew Carnegie was truly a captain of industry, as he positively contributed to the country in many ways. One piece of evidence representing Carnegie as a captain of industry is the various business tactics he used. Immigrating to America penniless, Carnegie knew how important it was
Carnegie was both a Robber Baron and a Captain of Industry. A Captain of Industry is used to describe a successful businessman. Carnegie created an efficient steel industry. He did this by, converting iron into steel and built a new steel plant for his company called, Carnegie Steel Company. In the excerpt, “Who was Andrew Carnegie,” the author says, “Carnegie changed huge batches of iron into steel, which was much more flexible than brittle iron.
In the final result, it was a major defeat for the AA and was a setback for efforts to unionize steelworkers. Carnegie learned in order to become a millionaire in the steel industry he had to own the steps of manufacturing a product. Somehow, he found himself in charge of four. Shipping raw materials and minerals such as limestone, coal, coke, and manganese over the railroad was already one. Andrew Carnegie also had the production going well through many factories, ore ships, and steam shovels.
First of all, he was a major pioneer in the steel industry and created one of the most successful steel companies of all time. Carnegie also played a lead role in recognizing the workers’ right to strike, as long as peaceful action is conducted. In addition to this, Carnegie disapproved of pools made by companies solely in order to raise prices and make more money. Second of all, Carnegie impacted the lives of so many with his work in philanthropy. He funded numerous libraries all across the U.S. and even in Europe, meriting him the title “Patron Saint of Libraries”.
During Andrew Carnegie's life, life he was blamed for many things. Like treating his workers like pieces of machinery instead of people. Andrew Carnegie was born in Scotland in 1835 to a poor scottish family and forged his way to the top using the steel industry. He was taught the ways of business by Thomas Scott who told him to invest in certain companies to make money. He then used that money to build his first steel mill the Homestead steel mill.
Some differences is that Carnegie’s company was towards the steel industry. What he did to help the country was that he provided a new way of building more durable structures, such as buildings, bridges, etc. With a new material called steel. How he started his company was when he was tasked by his mentor Tom Scott to build a bridge over the Mississippi river. Carnegie knew this would be a challenge, because no bridge with the materials at the moment would be stable enough to transport people.
A captain of industry can be defined as ¨a business leader whose means of amassing a personal fortune contributed positively to the country in some way.” Andrew Carnegie was an ideal representation of a captain of industry, he was born poor, yet he rose the ranks and became a successful businessman who dedicated his fortune to good causes. Due to his success and innovation in the steel industry and his benevolent donations, Andrew Carnegie was a prosperous businessman who benefited lives across America. Andrew Carnegie furthered the steel industry and brought forward new innovations that advanced technology and market shares for generations. Not only did Carnegie develop technologies, he helped forge new business models. The concept of vertical integration received an immense
What was Carnegie’s influence to America even after his death? First, to analyze his influence on steel industry, I will use an article called “Andrew Carnegie First Man of Steel”. The article discusses the life and work of Andrew Carnegie. Furthermore, the primary material will be used in this paper is an essay written by Andrew Carnegie in 1889 called “Gospel of Wealth” in which he discussed his thoughts on the responsibilities that come with wealth. In terms of Carnegie’s philanthropic contributions, after his retirement, he distributed all his fortune to universities, libraries, museum, theaters and music halls.
Another reason that they were robber barons was they took down smaller companies so that they could have all of the money in the industry. Rockefeller also manipulated the country's financial system so that he could make more money. Carnegie was also ruthless to his workers. His employees were broke in freezing temperatures and had no food
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. Carnegie’s views on the treatment of his workers are one of the things that he did that are considered unethical.