Andrew Carnegie Summary

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Andrew Carnegie was born November 25, 1835, in Dunfermline, Fife, Scotland. He had little formal education and grew up in a family that believed in the importance of books and learning. Carnegie grew up to be one of the wealthiest businessmen in America. Carnegie started work as a telegrapher and by the 1860s had investments in railroads, railroad sleeping cars, bridges and oil derricks. He accumulated further wealth as a bond salesman raising money for American enterprise in Europe. Andrew Carnegie’s family decided to settle in Allegheny, Pennsylvania, a suburb of Pittsburgh where they had friends and relatives. Their ship landed in New York City, which he found bewildering: “New York was the first great hive of human industry among the inhabitants of which I had mingled, and the bustle and excitement of it overwhelmed me,” Carnegie wrote in his autobiography.!/ Carnegie…show more content…
After acquiring Homestead, Carnegie had invested in new plants and equipment, increased production, and automated many of the mill 's operations, cutting down the number of workers that were needed. These workers belonged to a union, the Amalgamated Association of Iron and Steel Workers, with which the Carnegie Company had established wage and work agreements on a three-year basis. Carnegie believed that workers had a right to bargain with management through their unions. He also recognized the right to strike, as long as the action was conducted peacefully. He viewed strikes as trials of strength, with peaceful discussion resolving the
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