ipl-logo

Andrew Carnegie: Robber Baron Or Captain Of Industry

368 Words2 Pages

Name of Industrialist: Andrew Carnegie (Steel Company) 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. How he (or his related industries) treated workers. He treated them badly. They were worked excessive hours, but given little wages for their work. They were beaten, forced to work at a dangerous workplace, and faced threatening conditions. How he spent his money? Carnegie spent 90% of his money in charitable donation. In 1902, he established an institute named Carnegie institute, where he funded scientific research. He also released pension fund for teachers with a $10 million …show more content…

At the ag of 65, his life was changed dramatically. He decided to spend the rest of his life to comfort others. Carnegie was a major Philanthropy, donated almost $5 million to the New York Public Library, so the library could manage to open some branches in 1901. Other than that, more than 2,800 libraries were also opened with his fund. Dedicated to learning, he founded the Carnegie Institute of Technology in Pittsburgh. He donated his money to education, and charities. At his death, His remaining $30 million was granted to some foundations and to prisoners. Do you believe he is a Robber Baron or Captain of Industry? Carnegie made a large sum of money, and he gave his money away in many ways to many organizations such as schools, universities, and many other places. So, I believe he is a Captain of industry. What made you categorize your choice as a Robber Baron or Captain of Industry? There are several reasons of categorizing Carnegie as Captain of Industry. 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. In 1902, he established the Carnegie Institute to aid scientific research. He also established $10 million worth funds for

Show More
Related

Captains Of Industry In The Tycoons By Charles R. Morris

1721 Words | 7 Pages

Once he left, he dedicated most of his time to the steel industry, later resulting in his business called the Carnegie Steel Company which revolutionized steel production in the U.S. From this he started to build plants around the country, using technology and methods that made it faster and more efficient to manufacture steel. This made him a very wealthy man and he continued this for a few more years. Carnegie used a system of vertical integration to maintain his market dominance. Vertical integration is essentially the merging together of two businesses that are at different stages of production. This is when a company expands its business operations into different steps yet on the same production path; an example would be when a manufacturer owns its supplier and/or distributer.

Read More

Compare And Contrast Carnegie Vs Rockefeller

250 Words | 1 Pages

Carnegie gives away more than $350,000,000. Most of the money went towards education and his favorite libraries more than 2,500 Carnegie libraries are built in

Read More

How Did Andrew Carnegie Contribute To The Gospel Of Wealth

639 Words | 3 Pages

Andrew Carnegie was born in 1835 in Dunfermline, Scotland, but immigrated to the United States in 1848 with his parents. Carnegie became wealthy through his venture in steel with his company Carnegie Steel Corporation. He sold the company in 1901 for $480 million to JP Morgan and decided to focus on his philanthropic work. Carnegie developed an ideology called the “Gospel of Wealth”, in which he stated that “those who accumulated money had an obligation to use it to promote the advancement of society”. Carnegie became famous for practicing what he preached, as he would fund public libraries and gave money to charities.

Read More

Robber Baron Negatives

1617 Words | 7 Pages

He became a philanthropist when he donated much of his money to good causes. He bought shares in the iron mills in factories that made sleeping cars and locomotives. He also was a captain of industry and invested in a company that built railroads and bridges . Carnegie has a university in chicago called university of chicago, as well as Carnegie Hall in New York City. Carnegie also formed a huge monopoly after he took over the steel industry.

Read More

Robber Barons: Andrew Carnegie As A Captain Of Industry

327 Words | 2 Pages

Andrew Carnegie, one of the best businessmen in all of american history. Most consider Carnegie as a robber baron but I disagree. I say that Andrew Carnegie was in the place of a captain of industry. Carnegie was a captain of industry because he was the world's richest business man that came from a poor shoemaker house in scotland and once he sold away his massive company he turned to the people and became a philanthropists.

Read More

Gospel Of Wealth By Andrew Carnegie: Captain Of Industry

323 Words | 2 Pages

In his early life, he didn’t have a lot of money. He was a story of rags to riches. Carnegie learned the value of hard work from his mother. He stopped going to school at the age of 13 because his mother made him and his brother move to America.

Read More

How Did Andrew Carnegie Impact The Making Of America

446 Words | 2 Pages

With this deal, it made Andrew Carnegie the richest on Earth at that time. With his new wealth, Carnegie devoted himself full-time to philanthropy. After Carnegie took on philanthropy, he eventually gave away more than $350 million, most of this money was put towards building 2,509 Andrew Carnegie libraries within various locations among the United

Read More

Andrew Carnegie Is Not A Hero Essay

454 Words | 2 Pages

Carnegie was not a hero, because a hero does a deed selflessly, but he thought a lot about himself. 184,400,000 dollars was spent on big-name corporations and associations that would honor him by naming a meaningful belonging after him (Doc C). Carnegie was a man who wanted to feed his ego but should have donated money to help the community, not make himself known.     Andrew Carnegie was not a true hero. Many may say, going from rags to riches makes Carnegie a hero.

Read More

Analysis Of Andrew Carnegie's The Gospel Of Wealth

835 Words | 4 Pages

The 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.

Read More

Cornelius Vanderbilt A Robber Baron

964 Words | 4 Pages

Towards the end of his life, unlike Carnegie & Rockefeller, he did not live in glamorous mansions. Even though he did was not exactly known for his philanthropic contributions, he did give one million dollars to build and endow the Vanderbilt University in Nashville,

Read More

Who Was Andrew Carnegie A Captain Of Industry Essay

460 Words | 2 Pages

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.

Read More

What Is Andrew Carnegie Ethical Or Unethical

338 Words | 2 Pages

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.

Read More

Who Is Andrew Carnegie The Ultimate Robber Baron

183 Words | 1 Pages

Andrew Carnegie: The Ultimate Robber Baron Four hundred and seventy-five million dollars. This is the overwhelmingly large amount of money Andrew Carnegie acquired during his lifetime. Though not privileged as a boy, he worked his way up the ladder, achieving more than anyone could have ever imagined. Unfortunately, many people were exploited on his way to the top.

Read More

The Rise Of Robber Barons Or Captains Of Industry

812 Words | 4 Pages

Vanderbilt didn’t give much money away to charities but he did donate $1 million to build Vanderbilt University in Nashville, Tn. Rockefeller donated over half a billion dollars to various educational, religious, and scientific causes including The Rockefeller Institute for Medical Research which is now Rockefeller University. Carnegie gave away about $350 million to various charities including the $1.1 million needed to for the costs of Carnegie Hall. As “Captains of Industry” they contributed vastly to the growth and advancement of American economy even if the way they went about it was

Read More

Andrew Carnegie Research Papers

677 Words | 3 Pages

He grew up in poverty. His father's name was William Carnegie, William worked as a weaver and was the only source of income for the family. Carnegie’s mother's name was Margaret Morrison. Carnegie’s father died in 1855, after his death Carnegie realized that he would have to take care of the family. Carnegie gotta education and by the age 18 Carnegie was a secretary for Thomas A. Scott, the superintendent of the western division for the Pennsylvania Railroad.

Read More

More about Andrew Carnegie: Robber Baron Or Captain Of Industry

Related Topics

Open Document