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
Open Document