How Did Andrew Carnegie Contribute To The Steel Industry
Andrew Carnegie Andrew Carnegie’s was one of the most successful businessmen during America’s Age of Industrialization in the 1880’s. After the Civil War, he saw a future in having a career in the iron industry, and later on, decided to invest in the steel industry (PBS). Though Carnegie is most known for his contribution in the steel industry, he took part in a few other businesses as well. However, the Gilded Age is an era full of poverty and corruption hidden underneath the prosperous, wealthy nation, and the working conditions within Carnegie Steel Company were not much better than those in other factories (Resetar). Starting out his business career in the iron industry, Carnegie bought an iron mill and named it the Cyclops Iron Company.
Essay On Why Andrew Carnegie Is Not A Hero
1329 Words | 6 PagesDuring the late 1800s, workers often worked long hours for little payment. Andrew Carnegie’s workers suffered no different, as according to historical statistics of the United States, in 1892 the average steel or iron worker made approximately $1.81 a day. While in correlation to this, they would work for an approximate 10.67 hours a day. These numbers in comparison to other types of industry are not extremely terrible, as according to this document, steel and iron workers had the second best wages of six opposing industries. However, in an additional note below the statistics, it is noted that Andrew Carnegie made an approximate $92,000 daily (Document I).
Andrew Carnegie Dbq
219 Words | 1 PagesJust like the treatment his workers endured Carnegie wasn't any nicer to his competitors. Andrew Carnegie was a phenomenal businessman. Much of his success is due to how he operated his business. He watched the costs of his business intently (Document C), always making sure that the steel was being produced at a lower price than what it was being sold for (Document D), and he watched his competitors even closer. In March 1889, when Allegheny Bessemer Steel built a mill directly across from Carnegie's mill it intimidated Carnegie.
Exploitation Of Industry Dbq
740 Words | 3 PagesThe context of Andrew Carnegie becoming a Caption of Industry is the industrial revolution. Industrialism is the expansion of factories and the mass production of manufactured goods. The Industrial Revolution of the early 1900s set the foundation for the rise of Andrew Carnegies steel. While some people think Carnegie is a Caption of Industry because he got to the top by going from rags to riches, his monopoly act, and being a good businessman, evidence suggests he is a Robber Barron because he would pay his workers such little amounts and would make them work many hours, he would also make it hard to compete against him. Andrew Carnegie is a questionable man; he went from living a very poor life as a child to being a billionaire.
Similarities Between Carnegie And Morgan
1796 Words | 8 PagesCarnegie was super competitive, and he would acquire a competitor's plant in order to gain greater control over the market and increase his production capabilities. Once successful he would take his, “new plant to erect a more modern one” (Blessed Barons), this ultimately led him to put his idea of “forced-air steel” into these plants. Steel became a booming product of the industry thanks to Carnegie. It eventually led him to make the cost of steel go down. In 1875, a cost for a ton of steel was $160; however by 1900 a steel ton was worth $17.
Was Andrew Carnegie A Robber Baron Or A Captain Of Industry
971 Words | 4 PagesAndrew Carnegie was born November 25 of 1835 in the small town of Dunfermline in the United Kingdom. Raised in an impoverished family his parents worked hard and finally decided to find a new start in Pittsburgh, Pennsylvania, an up and coming factory city. Working his way up from a meager factory worker to the superintendent of the superintendent of the Pennsylvania Railroad company in just 8 years, and then creating Carnegie Steel, which he would sell for $480 million was no easy feat. At least it was no easy feat, according to Carnegie’s personal testimony at his trial last week, where he was charged with reckless endangerment, hypocrisy, and greed; all of which make him a robber baron, rather then a captain of industry. Despite Carnegie’s
Andrew Carnegie Robber Barons Essay
676 Words | 3 PagesAndrew Carnegie: Road to Wealth and Success Seen as a robber baron, Andrew Carnegie may have toll advantage of his loyal employees and his relentless competition, his personal intentions and innovations within the steel industry and his philanthropic distribution undeniably changed America’s society and views of education. In the early nineteenth century, American industrialist were gathering good ideas through Carnegie’s innovations and initiative. When Carnegie started out onto the road to success and wealth, from rags to riches and earned his big reputation that he brought among himself. For the successful people who misused their employees and competition were inevitably labeled as “robber barons,” i.e. John D. Rockefeller.
How Did Andrew Carnegie Impact The Making Of America
446 Words | 2 PagesHe went to Henry Bessemer, a German scientist, who had invented a way of introducing iron to carbon more efficiently. Carnegie could produce a steel railroad tie in 15 minutes, rather than the average 2 weeks. Taking this invention back to the United States, Carnegie built a bridge spanning the Mississippi River and thus creating structural steel. After having a very successful life with Carnegie Steel, he then sold his company to JP Morgan for $480 million.
Andrew Carnegie's Impact On Factory Workers
203 Words | 1 PagesThe steel tycoon Andrew Carnegie started out from a humbling beginning as poor immigrate working his way up the corporate ladder (). Until the day came when Andrew Carnegie decided he would strike out on his own, and Carnegie Steel was born. Now, Carnegie new that his steel mills most valuable assets was the workers. Consequently, Carnegie encouraged the workers to participate in collective bargaining for wages (). As a result, the factory workers were able to bargain their way to a truly livable wage.
What Is Andrew Carnegie's Ability To Industrialize
139 Words | 1 PagesAndrew Carnegies decisions with his company, US Steel, helped him become one of the mos famous industrialists of his day. Andrew Carnegie had the ability to foresee how things could industrialize, which he used to his advantage to invest enormously in things that he saw with great potential. Carnegie also pushed for rights to help laborers unionize to help protect his laborers and to establish loyal workers that would help him succeed. Andrew Carnegie dedicated his time to the steel industry, starting a business from scratch helping him become a dominant force in the steel industry. Andrew Carnegies ability to foresee how things could be industrialized, his willingness to push for labor unions to protect his worker, and his dedication to
Why Is Andrew Carnegie Important
153 Words | 1 PagesAccording to History.com, Andrew Carnegie’s investments and primary holdings consolidated into forming Carnegie Steel Company, which he co-founded. Carnegie’s next few decades were important because the company brought benefits to both the company and the people. He became one of the most powerful people in the world which lead him to become a steel magnate. History.com said, “The steel magnate considered himself a champion of the working man.” According to Learningtogive.org, Andrew Carnegie was the pioneering tycoon of the Age of Steel (Let’s Talk Business Network 2002).
Andrew Carnegie Dbq
408 Words | 2 PagesWas Andrew Carnegie a Hero During the late 19th century, Andrew Carnegie made an investment in the steel industry that profited into a fortune, but Carnegie’s earlier life didn’t include wealth. In fact, his family immigrated from Scotland to America in the mid 1800s in search for opportunities. After working tirelessly for many years, Andrew Carnegie became one of the most successful businessmen and philanthropists of all time. Although he accomplished many achievements in the Industry there are underlying reasons indicating that Carnegie was not a hero, such as, his wealth management, inconsiderate work conditions, and hypocrisy.
Rise Of Andrew Carnegie Essay
536 Words | 3 PagesThe Rise of Andrew Carnegie If you know anything about the history of the Unites States and the industrialization period, then you will recognize the name Andrew Carnegie. He was not only the inventor of the well-known steel industry we have today, but is also one of the greatest industrialists that has ever existed. Carnegie, however, didn’t grow up wealthy as a child like you would think from all his wealth from the steel industry. Born into his family in Scotland, his parents struggled to make enough money to support Andrew and his other siblings. Growing up poor vastly helped Carnegie when he got older and dealt with the success of the steel mill.
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.
What Is Andrew Carnegie Ethical Or Unethical
338 Words | 2 PagesAndrew Carnegie was one of the most famous and wealthiest American industrialist during the Industrial Age. He was a robber baron who made a fortune in the steel industry and applied vertical integration to his business. Carnegie contradicted his views as a robber baron because he supported, but destroyed many unions. This made many of his views unethical.
Why Was Andrew Carnegie Called The Age Of Robber Barons
134 Words | 1 PagesThe Scottish-born American industrialist and philanthropist Andrew Carnegie was one of the first captains of industry Leader of the American steel industry from 1873 to 1901, he disposed of his great fortune by endowing educational, cultural, scientific, and technological institutions. Andrew Carnegie made those characteristics of business enterprise and innovation that changed the United States from an agricultural and commercial nation to the greatest industrial nation in the world in a single generation between 1865 and 1901. The era has sometimes been called the age of robber barons. The entrepreneurs of the period not only built and modernized industry, but because they were technologically minded, they increased the productivity of
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