The context of Andrew Carnegie is the robber baron. Industrialisation the expansion of factories and the mass production of manufactured goods like steel. The Industrial Revolution of the early 1900s set the foundation for the rise of Carnegie steel. While some say Andrew Carnegie is a caption of industry because he wanted to help others who were poor evidence suggests he is a robber baron because he made the vertical monopoly which makes it harder to compete with him and he had very poor working conditions and even killed some people with those horrible conditions. Andrew Carnegie made it hard for anyone else to produce steel and other various items so he could eliminate his competition which he pretty much did.
One of the most successful captains of industry was Andrew Carnegie, who entered the steel business and created the Carnegie Steel Company shortly after. By 1899, the steel company manufactured more steel than all of the factories in Great Britain combined. His success was due to the management practices that he initiated. He continually searched for ways to make better products at a lower cost and incorporated new machinery and techniques that helped with tracking precise costs. In addition, he attracted talented people by offering them stock in the company.
Zack Spira 10/16/14 Study Skills Mr.Allison In the late 1800s not too many business owners became wealthy and took control of industries. Andrew Carnegie's parents were poor immigrants from Scotland and began to work their way up to be business leaders. Carnegie built the largest steel company and created a monopoly.
Once he left, he dedicated most of his time to the steel industry, later resulting in his business called the Carnegie Steel Company which revolutionized steel production in the U.S. From this he started to build plants around the country, using technology and methods that made it faster and more efficient to manufacture steel. This made him a very wealthy man and he continued this for a few more years. Carnegie used a system of vertical integration to maintain his market dominance. Vertical integration is essentially the merging together of two businesses that are at different stages of production. This is when a company expands its business operations into different steps yet on the same production path; an example would be when a manufacturer owns its supplier and/or distributer.
Andrew Carnegie was born in 1835 in Dunfermline, Scotland, but immigrated to the United States in 1848 with his parents. Carnegie became wealthy through his venture in steel with his company Carnegie Steel Corporation. He sold the company in 1901 for $480 million to JP Morgan and decided to focus on his philanthropic work. Carnegie developed an ideology called the “Gospel of Wealth”, in which he stated that “those who accumulated money had an obligation to use it to promote the advancement of society”. Carnegie became famous for practicing what he preached, as he would fund public libraries and gave money to charities.
ANDREW CARNEGIE—THE ROBBER BARON Andrew Carnegie was one of the greatest of the tycoons of industry in the late nineteenth century, also being one of the greatest of the robber barons of the late nineteenth century. A Robber Baron is an owner of business who puts others down to gain fame and fortune. During a time of laissez faire, which is French for let alone, meaning government stays out of the business of others, any business owner could do whatever they wanted with their industry and workers—Carnegie took advantage of this by paying workers little salary and poor treatment. Some say that his past dictated what his future would be like—growing up poor meant others should grow up poor. With all of his money and power, he considered himself
In this essay, I’ll be telling you my opinion on whether Andrew Carnegie was a hero or not. Andrew Carnegie, known as the king of steel, grew up poor, but became one of the richest and most successful business owner during the 1800s and 1900s. Much of the world regarded Carnegie as the most famous living American during his time. Andrew Carnegie was not a hero because he showed off his money, treated his workers poorly, and was selfish. First of all, Andrew Carnegie flashes his wealth.
If you were the richest person in the world what would you accomplish with all the money you had? Andrew Carnegie, an American Captain of Industry By far off the greatest profitable businessman during his age, Carnegie left his mark on industry, and ordinarily greatly impacted the expansion of business enterprise in America. Essentially, Carnegie rose from poverty to become one of the most influential, industrial men in history by single-handedly building the American steel industry. Andrew Carnegie was famously known for being a hero because he would provide plenty to the poor.
During 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.
Andrew 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.
Andrew Carnegie, captain of industry or a robber baron? The answer is surprisingly basic. Carnegie was a captain of industry and this is obvious, between his come up to his passing it creates a clear picture of a man who wanted to advance society. Now I won't discredit the fact that some may see him as a robber baron due to his ruthlessness in the field of business or how he didn't give enough pay to his workers, but if you think about it just a little bit he was a businessman meaning he had to make decisions that at the end of the day benefitted him and his business. I have 3 main points as to why he was a captain of industry.
He is a man worthy of being respected. Andrew Carnegie was a Scottish-American industrialist who led the enormous expansion of the American steel industry in the late 19th century. He built a leadership role as a philanthropist for
“Who is the richest American ever?”When asked this question, the name that most often come to mind is Bill Gates but the actual American to become the richest, most famous, influential and the most two-sided businessman at the time: Andrew Carnegie, hero or villain?. In order to answer that question we have to know what the words "hero” and "villain” actually mean. According to Webster Dictionary, a hero is a “person, especially a man admired for courage, nobility, or exploits, especially in war,” and "the central figure in any important event or period, honored for outstanding qualities.” or basically a role model who does good for a cause and has good morals while a villain is described as "someone or something regarded as the cause of
A free enterprise system allowed Milton Hershey to create one of the worlds most popular chocolate companies and worldwide brand. His success would not have been possible without this kind of government system. Starting at age fifteen he built one of the great American fortunes from the ground up and brought joy to millions. This type of government allowed him to switch and choose what he sold and how to make it. It also gave him the freedom to decide what to spend his money on which led to the Hershey town and the Milton Hershey School.
A free enterprise system has helped many people, but the system has helped Elon Musk throughout his life to make amazing products like the Tesla and he has founded SpaceX. Elon musk has helped found some amazing companies in his lifetime and is now considered one of the richest people in the world all thanks to the free enterprise system. If Elon Musk did not have the free enterprise system then none of his dreams would have come true because of all of the economic and financial decisions that he has had to make to get where he is today. The free enterprise system has helped Elon Musk reach his goals by letting him make all of the financial and economic decisions that he needs to. The system has helped him over come many struggles with trying
