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”.
A Maturing Experience When talents are discovered, it is easy for us to place all our worth and purpose in that one thing, despite the warning “Don’t put all your eggs in one basket”. However, this is exactly what Johnny did in the book Johnny Tremain. As a naturally talented silversmith, Johnny became prideful and foolish, placing all his value in his workmanship. But one day, all of his aspirations disappeared when he burnt his hand, leaving it crippled and useless.
Carnegie immigrated at age thirteen from Scotland and worked his way up by developing the telegram system during the civil, there collecting his first million then dominated the steel industry; thereafter prospering his enterprise, which leads him to be the second richest man after Rockefeller. “The American Dream”, envisioned by our Founding Fathers, is a revolutionary idea that any citizen has an equal opportunity to prosper by challenging themselves and through an initiative, and determination. This gives” Wealth” much more of an impact thus, many Americans consider ‘The American Dream” as a standard and praise this idealism. Even if his views seem a bit outdated; it stills heavily impacted lots of Americans from the Gilded Age to modern day. However, for all that prosperity, the gap between rich and poor has always been a huge complication, for over a century, people have tried to fix this inequality.
In the economic rise of the steel industry, brand new entrepreneurs worked even harder to achieve the American dream. The dream was to get rich. Many people tried, and many people failed trying to become the next American hero. This journey did not come without consequences though. Andrew Carnegie was the main man in the steel industry, the top dog.
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.
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.
One piece of evidence that supports this reason is that Carnegie gave fifteen million dollars to the Teachers’ pension fund. He also endowed a few universities in Scotland. Carnegie gave close to ten million dollars to the schools in Scotland. He also donated 400 thousand dollars to Princeton University so they could create a lake to help the rowing team (document C). This evidence helps explain why Carnegie was a hero because he showed courage and intelligence by donating that money to education.
I categorized Andrew Carnegie a Captain of Industry after learning of his philanthropic views and actions. Carnegie not only obtained a wealth from working hard and wisely investing but used most of his fortune to make a difference on the world. Carnegie own words categorize the essence of generosity and kind hearth. I cannot disagree with him when he stated that “The man who dies thus rich dies disgraced”
He proceeded to unite a divided people, towards his own goal. Hitler decreased Germany’s unemployment rate from a massive 6 million to a mere 300,000 in a matter of years. Adolf Hitler was the greatest leader of all time; because, he created a superpower, he united a people, and he achieved financial stability in Germany. After World War I, Germany was in ruins, Hitler restored Germany and created a superpower. Due to the
It also had fourteen percent of the U.S. crude petroleum supply. The court decided that the trust started in unlawful imposing business model practices and requested it to be separated into thirty-four new organizations. Rockefeller, who had seldom sold shares, held in excess of twenty-five percent of Standard's stock at the time of the separation. He, and in addition all stockholders, got proportionate experience each of the 34 organizations. In the repercussions, Rockefeller's control over the oil business was lessened, however, throughout the following 10 years the separation additionally was beneficial for him.
During the latter half of the nineteenth century, the American Industrial Revolution sprung up. The steel industry began America’s climb to a global leader in industry. More people were drawn to the booming economy rather than to politics. The American industrial revolution was in full gear, and most men had a hunger for wealth rather than for Congress or presidency. During this time, the railroad became a massive industry, not just for transportation, but also for production building of the railroads.
The institution received a decent $150,000 with an additional similar figure pledged for submission in future. The payment is aimed at supporting tuition payment to the less fortunate students in the school. Alternatively, the GREAAT Schools, Inc., became the prime agent of $5,000 from the DeVos Family Foundation. • The University of Maryland College Park Foundation grabbed the headlines when it was awarded with a $500,000 donation courtesy of its immense contribution to the development of art and science.
How I chose my topic I chose my topic on Andrew Carnegie and the steel empire. I chose this topic because i thought that the steel industry was very interesting and all of the engineering and how andrew carnegie was the richest man in the late eighteen hundreds. It was very intriguing how he donated a lot of his money towards other companies to help them strive. Something that caught my attention was the engineering that goes into all of the stuff he did because i love engineering and all about it and the math that you have to do on top of the problem solving. How I conducted my research I conducted my research by searching up “Andrew Carnegie” on the internet and finding some reliable resources.
In not just the steel industry, the factory workers of the age were working to the exclusive benefit of the prime benefactor for the company. Painter writes “Thanks to efficient management and the scope of operations, Carnegie’s industrial empire made more than $40,000,000 in profits per year in the early 1890’s.” and that “When the contract between the amalgamated Association and the Homestead mill expired in June 1892, Carnegie was at his castle in Scotland and offered Frick a free hand.” (111-112) This passage suggests both that the industry was supremely profitable, but that a large part of the profits were going towards the industry’s prime benefactor, Andrew Carnegie.
Andrew Carnegie was a Scottish native that emigrated to Allegheny, Pennsylvania when he was a young boy. Through rigorous work, reading, and dedication Andrew Carnegie became one of the wealthiest men in history. In this autobiography Andrew Carnegie explains the story of being an immigrant who goes through numerous obstacles and struggles, however, rises to the top. Carnegie’s autobiography was moving and extremely powerful for being one of the first of its kind in the 1900s. He starts as a telegrapher and with hard work and complete devotion to being the best, becomes the captain of industry and steel magnate.