How Was Andrew Carnegie A Captain Of Industry
Questions:
Take detailed notes from the reading about the ways in which Carnegie was a Captain of Industry (Bullet-points are fine).
Andrew Carnegie was a successful businessman and industrialist who made significant fortune in the steel industry known for his innovative techniques and methods for producing steel, which allowed him to significantly reduce costs and increase efficiency in his factories believed in the principle of "vertical integration," meaning he owned and controlled every aspect of the steel production process, from the raw materials to the finished product
$4 million dollar relief fund to assist injured employees and pensions to families dependent on those killed
He made much philanthropic efforts by donating millions of
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Explain its meaning.
“The man who dies leaving behind many millions of available wealth, which was his to administer during life, will pass unwept, unhonored and unsung.’... The public verdict will then be: ‘The man [who] dies thus rich dies disgraced.’ ”
This quote suggests that Carnegie believed that individuals who had achieved greatness were to use their resources to make a positive impact on society and help the opportunities of others. In his view, hoarding wealth and failing to use it for the greater good was shameful. Carnegie, following his philosophy, donated millions of dollars to fund libraries, cultural institutions and education all around the world. By building and funding such institutions, Carnegie left behind a semblance of his positive contributions as a Captain of industry by setting an example for others in his position. Take detailed notes from the reading about why Carnegie was a Robber Baron (bullets are fine).
Some viewed Carnegie as the “Robber Baron” which was used to describe the wealthy and ruthless business leaders who used their affluence and power to manipulate others for their own
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Explain its meaning.
“strictest economies, among which the rates paid to labor figure prominently, and often there is friction between the employer and the employed, between capital and labor, between rich and poor. While the law is sometimes hard for the individual, it is best for the race, because it ensures the survival of the fittest in every department. We accept and welcome therefore... great inequality of environment, the concentration of business, industrial and commercial in the hands of the
Was Andrew Carnegie A Robber Baron
346 Words | 2 PagesThe 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.
Andrew Carnegie's Impact On The Industrial Era
750 Words | 3 PagesOften, he made harsh business decisions that negatively impacted his employees; however, he always felt it was justified. One reason he felt it was justified was that he was serving “America by building their enterprises.” (44). He saw the creation of wealth as a noble endeavor. When Carnegie built his company, he ended up creating one of the biggest companies in the world.
What Extent Was Andrew Carnegie A Robber Baron Or A Captain Of Industry
455 Words | 2 PagesThe Industrial Revolution was a period of time with major Industrialization in the 1800s. During the period of time when Andrew Carnegie, and John D. Rockefeller who were both Philanthropist, and 2 of the top 5 businessmen that America has ever known. It was probably very hard to work during that time. Some people feel as if Andrew Carnegie and John D. Rockefeller are Robber Barons, and some people feel as if he is a Captain of Industry. I feel as if Andrew Carnegie and John D. Rockefeller both didn’t treat their workers well for multiple reasons.
Why Is Andrew Carnegie A Significant Person In History
244 Words | 1 PagesAndrew Carnegie was a significant person in history because he was a wealthy businessman living the American dream, a dream everyone hoped to experience but never did. Coming from humble beginnings, Carnegie came from Scotland to America as a poor immigrant working from job to job before becoming a secretary on the Pennsylvania railroad. He was a diligent worker and was paid in forms of stock which Carnegie eventually sold, allowing him to begin the Carnegie Steel company. By 1900, Carnegie had around 20,000 employees producing more steel than England because he constantly found cheaper production methods for making steel. However, unlike the other monopoly holders, Carnegie donated nearly $350,000 out of the $400,000 to charitable organizations
Compare And Contrast Ida B Wells And Jane Addams
505 Words | 3 PagesCarnegie was “One of the richest men in Gilded Age America, he promoted what he called the Gospel of Wealth, the idea that those who accumulated money had an obligation to use it to promote the advancement of society. ”(Foner pg.32) This is exactly how he used his wealth to help the less fortunate. Although the Gilded age was good, there were a lot of negatives. There was a tremendous amount of “economic inequality because the state did not regulate the growth of business.
Who Is To Blame For The Downfall Of Andrew Carnegie
530 Words | 3 PagesRenowned owner of the first mass production company of steel wasn’t always a millionaire, Andrew Carnegie grew from small telegram messenger to large investor in mass production in steel. Carnegie assisted in the railroad business throughout the war, even helping colleagues to invent and patent some of the first sleeping cars for the railroad. After the war he began in the business of the ironworks trade that replaces, in large numbers, bridges with iron, while doing so he used his social skills to benefit the company. Throughout the years he travels and soon learns of a way to mass produce steel from Henry
Gilded Age Barons
648 Words | 3 PagesHe was already elderly and had a contempt for the law. He was used to getting his way and the addition of more wealth only made his self important attitude worse. He was universally an unemphatic individual placing the acquisition of wealth far above any other individual. Andrew Carnegie, the steel baron, was a Scottish immigrant who worked his way to the top. He was the master of Vertical Integration, owning all aspects of his industry from mining to selling the product.
Was Andrew Carnegie A Hero Or A Villain
577 Words | 3 PagesDuring the late 1800s, there were some very bad, powerful people. One of them was Andrew Carnegie, captain of the steel industry. Andrew Carnegie was a Scottish immigrant who came to America to seek a better life. He made his money in the steel industry after figuring out a way to manufacture it faster. Andrew Carnegie was a villain because he didn’t care about his workers, preached about world peace and then turned around and gave the U.S. Navy steel, and because his club tampered with a dam, killing thousands.
Andrew Carnegie A Hero Essay
676 Words | 3 PagesCarnegie believed in laissez-faire capitalism, but if the law ensured the survival of the fittest, then let the government's laws interfere (Doc 2). In addition, Carnegie argued that it was shameful for the wealthy to utilize their wealth to advance society while they were still alive, as opposed to the widespread practice of leaving all of one's wealth to one's successors. He believed that the duty of wealth should be used to set examples of modest living and produce beneficial results for the community. (Doc
Andrew Carnegie's Accomplishments
878 Words | 4 PagesHis philanthropies went towards things like libraries and donating instruments to help with education for the public. Giving away his wealth to help others better themselves, was a high priority for him. He contributed to the development of churches, libraries, and universities to help those who were working towards something. This may have been a result of the difficult childhood he had and the struggle he faced when trying to improve his life. Both this and Social Darwinism had a part in changing Carnegie’s view of himself from the son in a poverty-stricken family, into someone who took advantage when opportunities were presented and created an exceptional life for himself.
What Extent Was Andrew Carnegie A Robber Baron Or A Captain Of Industry
362 Words | 2 PagesHis workers worked twelve hours a day, seven days a week for barely anything, and then he tried to implement a 30% pay reduction. While he sat and did nothing, earning millions, his workers worked tirelessly for hours upon hours and barely earned enough to survive. He was a Robber Baron in the sense that he took advantage of his workers. Andrew Carnegie was a Captain of Industry. He donated $9.5 billion dollars to charities, libraries
Analysis Of Andrew Carnegie's The Gospel Of Wealth
835 Words | 4 PagesIn this text, he makes a valid argument as to why the rich should administer their own wealth unto those with less fortune. He begins his argument by explaining how wealth has revolutionized the United States. Carnegie mentions how the Sioux chief's wigwam was similar in appearance when compared to the huts of those inferior to him, and then compares this to the differences in economic classes of the 1800s. Carnegie later states how the very definition of wealth has changed throughout the years, where the poorest farmer of the 1860s owns more luxuries than the landlord of just a few years prior. Carnegie includes these two facts because he wants to show how much society has progressed throughout the last few hundred years.
Gospel Of Wealth Essay
1509 Words | 7 PagesA monopoly man that was previously referenced, by the name of Andrew Carnegie, was seen in the economic aspect of the United States during 1877 to 1896 as an extremely wealthy man who dominated the steel industry. But more than that, he was a man who believed in giving back to the less fortunate, and he was known for his philanthropy throughout his life. His book, The Gospel of Wealth, emphasized the importance of wealthy people, like himself, to give back their money diligently to the community and reinvest in the society around them. This was not only a viewpoint he preached, but also one that he followed, which could be seen by his numerous contributions to American society, more specifically education. Carnegie helped in creating new schools, colleges, and other institutions primarily focused around education and making it easily accessible for all people, no matter their socioeconomic status.
Pros And Cons Of Robber Barons
1093 Words | 5 PagesThe captains of industry believed that the poor people were inferior to the rich people. The rich were superior because they had “wisdom, experience, and the ability to administer”. The duty of a rich person was to help out a poor person which was what was said in the Gospel of Wealth. The Gospel of Wealth is about how the rich person's responsibility is philanthropy. Carnegie believes in charity work so he would donate to libraries, and universities and schools and etc.
Who Was Andrew Carnegie A Captain Of Industry Essay
460 Words | 2 PagesA Captain of Industry is used to describe a successful businessman. Carnegie created an efficient steel industry. He did this by, converting iron into steel and built a new steel plant for his company called, Carnegie Steel Company. In the excerpt, “Who was Andrew Carnegie,” the author says, “Carnegie changed huge batches of iron into steel, which was much more flexible than brittle iron. Carnegie threw his own money into the process and even borrowed heavily to build a new steel plant near Pittsburgh.”
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