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.
Andrew Carnegie was the main man in the steel industry, the top dog. He revolutionized the production of steel to make it more efficient, as well as a much stronger product than previously. He created his empire on the backs of the American people. All of this new steel means more workers. Carnegie had the steel workers working long hours, almost every day of the week, in awful working conditions that were not fit for humans.
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 Even if his views seem a bit outdated; it stills heavily impacted lots of Americans from the Gilded Age to modern day.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.
As he grew older, he was very helpful to Tom Scott’s business in the railroads, which is why Tom Scott was helpful towards Carnegie’s business as it first began. One day, because of John D. Rockefeller, Tom Scott’s business ended; this happened after the St.Louis Bridge was built. Carnegie had started his steel business from the idea he had when he built the
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”.
Rockefeller: The Captain of Industry that has helped our country thrive “The best philanthropy” he wrote, is constantly in search of finalities- a search for a cause an attempt to cure evils at their source” - John D. Rockefeller John D. Rockefeller was the richest man of his time but, used his wealth to improve our country. Rockefeller entered the fledgling Oil industry in 1863, by investing in a factory in Cleveland, Ohio. In 1870 Rockefeller established the Standard Oil Company. With the establishment of the oil company Rockefeller controlled 90% of the oil business in America by 1880. Coming with a successful business is people trying to find faults in your greatness.
The Philanthropy of Andrew Carnegie Made Him a Hero “Surplus wealth is a sacred trust which its possessor is bound to administer in his lifetime for the good of the community.” Andrew Carnegie believes that if you are fortunate enough to make a lot of money you should also be smart enough to give it back to your community and peers. Carnegie was a self-made man who was born in an attic of a little cottage in Scotland. When Carnegie was twelve he and his family packed up and moved to Pittsburgh. That is when he got his first job as a bobbin boy in a textile mill. He made about 1.20 per week so he later quit that job and found a new one decoding the dot-dot dash-dash messages in a railroad station.
John Davison Rockefeller: From Rags to Riches “Don’t be afraid to give up the good to go for the great”, John D. Rockefeller. John D. Rockefeller accomplished more than anyone of his era could. Rockefeller began his life at the bottom, but rose to the top of the social and economic later later in his life. He pioneered the idea of the now illegal monopoly, and the American business model. Although Rockefeller is particularly remembered for his ruthless tactics in his oil monopoly, he contributed an immense fortune to various charity foundations.
Book Title: Road to Purpose Author: Kenneth E. Behring Publishing Year: Blackhawk Press-2004 General Description: The book Road To Purpose is all about the story of Kenneth E. Behring on achieving his goals. It has been told here the things that he did to be one of the Forbes 400 richest man in US. Chapter Summary: Chapter One: My First Wheels Kenneth E. Behring or Ken was born June 13, 1928. He woke up in a family of poverty. His dad Elmer working on the lumberyard of his uncle with 25 cents per hour.
Formally, when working for Mr. Lapham with two other young apprentices, Johnny was far more talented than the others, and subsequently acquired the large majority of the revenue. Accustomed to being the center of attention, the favorite, and the experienced silversmith, adjusting to the circumstances at the Observer printing shop would be a hurdle, however not impossible. Johnny is not the only useful person working there. No! Rab, the two apprentice boys, and Mr. Lorne all greatly contribute to the success of the printing shop.