How Did Andrew Carnegie Have Great Wealth
Andrew Carnegie was born on November 25, 1835 in Scotland and died August 11, 1919 in Massachusetts. He was an American industrialist who led the expansion of the steel industry. During Carnegie’s childhood, an economic downturn resulted in his family moving to Pennsylvania. At age 14, Carnegie became a messenger in a telegraph office, where he eventually became the secretary and telegrapher of Thomas Scott, a superintendent of the Pennsylvania Railroad Company. In 1859, he rose above Scott as superintendent of the railroad’s Pittsburgh division.
During this time he began making industrial investments in businesses such as the Keystone Bridge Company. Foreseeing the future demand for iron and steel, Carnegie left the Pennsylvania Railroad in 1865 and started managing the Keystone Bridge Company. From about 1872–73, he began
concentrating on steel, investing in the J. Edgar Thomson Steel Works, which would eventually become the Carnegie Steel Company. In the 1870s, Carnegie’s company built the first steel plants in the United States to use the Bessemer steelmaking process. Carnegie obtained greater profit by buying out the suppliers of the raw materials for steelmaking.
Carnegie also recruited very capable employees to work for him, including Henry Clay Frick. By 1889, the Carnegie Steel Company dominated the American steel
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His most famous article, “Wealth,” appearing in the North American Review. This held that a man who has great wealth has a duty to use his surplus wealth for “the improvement of mankind”. A “man who dies rich dies disgraced.” Carnegie’s own donations came to total about $350,000,000. His main charitable foundations, were the Carnegie Trust for the Universities of Scotland, the Carnegie Dunfermline Trust, the Carnegie United Kingdom Trust, the Carnegie Institute of Pittsburgh, the Carnegie Institution of Washington, the Carnegie Endowment for International Peace, and the Carnegie Corporation of New
Andrew Carnegie Dbq
463 Words | 2 PagesAndrew Carnegie was born November 1835, in Dunfermline, Scotland. He grew up poor and lived in a small cottage attic with his family. In 1848 the carnegie family made the hard decision to immigrate to the United States. Carnegie was locally famous for decoding messages when he was a telegraph operator. He later worked himself up to being one of the most famous men in business during the late 1800’s.
Who Is Andrew Carnegie A Robber And A Baron
1099 Words | 5 PagesIn 1870 he founded the Carnegie steel company a step which cemented his name as one of the “ captains of industry.” By the 1890’s the company was the largest and most profitable industry enterprise in the world. In 1892 the homestead strike in Homestead Pennsylvania pitted in one of the most powerful new corporation. Carnegie steel company against the nation's strongest trade union. Henry Clay Frick stepped up production demands and when
How Did Andrew Carnegie Impact The Making Of America
446 Words | 2 PagesAndrew Carnegie had a very large impact on the making of America. He was born on November 25, 1835, and died on August 11, 1919. Carnegie had a wife, Louise Whitfield Carnegie, and a daughter, Margaret Carnegie Miller. In the early stages of Carnegie’s life, he wasn’t very wealthy, in fact, he was the complete opposite. By age 54, he had turned his life around with the help of his invention of steel.
How Did Andrew Carnegie's View On Wealth
319 Words | 2 PagesAndrew Carnegie's views on wealth is almost the same as how billionaires think and use their money today . Carnegie's thought that people with money they would be able to help the poor by building libraries and other type of building that would help the middle class to get an education. He taught by helping the middle class rise from poverty and give them an education they would be able to do great things in life. Based on what I have read in both article Andrew Carnegie's views were considered ethical because he wanted what was best for the poor and he wanted to help the coal miners and give everyone an education.
Andrew Carnegie's Contribution To The United States
231 Words | 1 PagesAndrew Carnegie, born in Dunfermline, Fife, Scotland on November 25, 1835, and passed away on August 11, 1919. He grew up with very little education but came from a family who believed very much in books and learning. His father was a handloom weaver, and his mother was the basic backbone of their family who was the most influential to Carnegie. At the age of thirteen, Carnegie came to the United States with his family, and Settled in Pennsylvania. He worked in a factory earning $1.20 per week.
How Did Andrew Carnegie's View Of Wealth
309 Words | 2 PagesHe believed that it was the rich man’s responsibility to live somewhat modestly and act as a steward with his excess wealth to help those less fortunate. This in general would benefit all of society. Carnegie had several views about wealth during this time. Carnegie’s view of wealth was that he did not understand why he was in the position to make so much money. He did not feel like he should
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1662 Words | 7 PagesCarnegie was born in Scotland where he started working in a cotton factory at 13 years old to get that 1 dollar and 20 cents an hour to his struggling family. Carnegie became financially stable at 30 years old when he started getting involved in both that iron and oil business. As Carnegie experience grew, he developed a system under which he became both the supplier and manufacture od his steel. His helped minimize expense and maximize profits and efficiency of production. US Steel became Andrew Carnegie’s biggest success which helped him amass a financial net worth almost equivalent of Rockefeller’s.
Andrew Carnegie's Legacy
1009 Words | 5 PagesSummary Andrew Carnegie's steel empire started in eighteen seventy and ended in nine teen o seven because He sold it for millions of dollars, and it made him one of the most successful men then. when he entered the steel business he became a dominate force to other companies and people, and later sold it for four hundred eighty million dollars, making him one of the most successful men then had the most successful philanthropist too. Andrew Carnegie expanded railroad investments and found the steel empire. He was a very successful man in the industry. Exploration Andrew Carnegie was just a little boy when he moved to the USA.
Industrialization And Industrialists During The Gilded Age
338 Words | 2 PagesIndustrialization and Industrialists had many important impacts on America. The era of industrialization known as the " Gilded Age" opened up many new doors for the American people. The industrialist Andrew Carnegie had one of the biggest impacts on America by far. Carnegie was responsible for the production of steel.
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835 Words | 4 PagesThe 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.
Was Andrew Carnegie A Hero
589 Words | 3 PagesIf you were in Carnegies shoes wouldn’t you do the same? Andrew Carnegie was just being a entrepreneur. At last, Andrew Carnegie was a hero to America because he had one of the most influential philanthropy of all philanthropists. “Because he can administer it for the community far better than it could or would have done itself.
Andrew Carnegie Robber Baron Analysis
798 Words | 4 PagesAndrew Carnegie was a “robber baron” as shown in the way he acted towards the people who helped him reach the top and the terrible working environment that he subjected his workers to. He did various things in an attempt at overshadowing the awful things he did and positively alter his public image. His mentor, Thomas Scott, taught him the skills he would use to become the undisputed king of steel. Costs were the most important aspect of any business and reducing those required cutting wages, demanding 13 hour days and utilizing spies as a way to thwart possible strikes. Many years after Carnegie had gone out on his own, Scott met with him thinking that the years they spent together and all he had taught him would unquestionably result in help in his time of trouble.
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799 Words | 4 PagesThrough Carnegie Corporation of New York, the innovative philanthropic foundation he established in 1911, his fortune has since supported everything from the discovery of insulin and the dismantling of nuclear weapons, to the creation of Pell Grants and Sesame Street. Andrew Carnegie’s birthplace, Dunfermline, was Scotland's historic medieval capital. Later famous for producing fine linen, the town fell on hard times when industrialism made home-based weaving obsolete, leaving workers such as Carnegie’s father, Will, hard pressed to support their families. Will and his father-in-law Thomas Morrison, a shoemaker and political reformer, joined the popular Chartist movement, which believed conditions for workers would improve if the masses were to take over the government from the landed gentry. When the movement failed in 1848, Will Carnegie and his wife, Margaret, sold their belongings to book passage to America for themselves and their sons, 13-year-old Thomas A. Scott, superintendent of the western division of the Pennsylvania Railroad and Andrew Carnegie’s boss, initiated the future millionaire’s first investment when he alerted Carnegie to the impending sale of ten shares in the Adams Express Company.
Who Was Andrew Carnegie A Captain Of Industry Essay
460 Words | 2 PagesDuring 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.
How Did Andrew Carnegie Contribute To The Industrial Revolution
447 Words | 2 PagesAndrew Carnegie was born in a small town of dunfermline, Scotland. He grew up in a average family. Andrew was a very hard worker because at the age of 12 he got his first job as a bobbin boy and he made $1.20 a week. After only a couple months after he moved to the country he saw himself moving up in the world. He got a job at the factory shortly after his first job and the factory paid him nearly double what he made before.
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