Andrew Carnegie: A Titan of Industry Andrew Carnegie was a Scottish immigrant, who became one of the greatest business men in American history. He was born in Dunfermline, Scotland to a poor household. His family immigrated to the United States when he was a young boy. Once Carnegie arrived in the US one of his first jobs was working in a cotton mill for one-dollar and twenty cents a week.
With this job he began receiving large amounts of cash for his “illegal services” from corporations. With that money, he bought lots of Manhattan real estate. It was known that at his peak, Tweed was the 3rd largest landowner in Manhattan. In 1851, Tweed was elected as alderman on his second try.
He decided to hit the rails after his girlfriend had left him at age 18. Ozie Powell was another boy to hop on the train in Georgia. Powell only had one year of schooling. His IQ measured at “64-plus”, meaning he could only write his name. Powell had spent about three years working in lumber camps prior to his arrest.
The period from 1865 to 1900 was characterized by an astronomical boom in industry and manufacturing, economic growth for the rich, financial turmoil for the poor, and political corruption. As a result, the era has been named “The Gilded Age.” Just as something gilded is gold on the outside but worthless metal on the inside, these years seemed prosperous from an outside perspective, when in reality, the wealth gap was increasing at an alarming rate and big business had power over government officials. As a result of this, a lot of federal legislation was influenced by monopolies and often catered to the desires of businessmen. Since regulation of certain business practices would cause these trusts to lose money, Congress shied away from regulating
The saying that history repeats itself has been proven to be true time and time again. History seems to be doomed to repeat itself as if lessons were never learned from past mistakes. The Gilded Age is a unique period in American history that is undoubtedly repeating itself in the modern day. Corruption, unprecedented immigration, and the massing of wealth by the top 1% of the population are just a few of the things that characterize this period of American history. The same issues that plagued America over 100 years ago are re-emerging in todays’ society leading scholars to say that America has arrived in “The Second Gilded Age”.
People of this time saw these business owners as either villain or hero, witch side of the scale do Andrew Carnegie falls on? Andrew Carnegie robber baron due to his obsession with wealth and money. Document 2 shows that he always watched the cost of how much money he put into making the product.
The family then moved to West Virginia, first living on a farm and eventually relocating to the "city" of Huntington. It was there that Elmer began the first anesthesiologist group in the state, the very same group that my father is now apart of. In 1937, Jimmie Roger Williamson was born in the town of Hamlin, West Virginia, the heart of coal country. Jimmie was one of ten children and never attended high school because he needed to work in the mines to help support the family.
The period from 1865 to 1900 is called the Gilded Age, not only for the monopolist Robber Barons who got very rich by developing major industries -- steel, roads, railroads, electricity, banking, etc -- but because of a fundamental change in American life. Before the Civil War, America was largely agricultural. People lived on farms or small villages & towns. In the 1870s & 1880s cities like Chicago were all the rage. .
Andrew Carnegie was an entrepreneur during the late 1800s. He was best known for his success in his own steel company. Over the years Carnegie became very wealthy once his steel business took off. Carnegie was known as the richest man in the world in that era. Being the richest man in the world wasn't always easy, it came with long hours of work and constant decision making.
In 1859, he and a business partner established a commission firm that worked with meat, grains, hay, etc (biography.com). The firm shut down after just 1 year in business but Rockefeller and his partner had made about $450,000 (biography.com). After that, he found a fantastic opportunity in the newly created oil business
On April 11,1962, President John F. Kennedy, made a speech about the nation’s largest steel companies raising the steel price by 3.5%. People in America got mad at this and Kennedy understood why the were getting mad. So, his conference agreed with the American people and said that the steel companies price was too high. Kennedy used different strategies to get his message through.
The Robber Barons’ Climb to Success The Robber Barons came out of the 1850’s when the people of America were torn on what values their country ought to entertain. With the Civil War on the brink of erupting the country became divided over what their future should be. A few select men took advantage of this time of ambiguity and confusion to make a profit.
Growing up on Long Island, one of the most exciting things to do was to go to New York City. To see the New York City skyline was amazing and still is today. When you look at these crazy monstrous buildings you can learn to appreciate them but how much do we appreciate all the hard work that went into creating those buildings? Without a company like the Bethlehem Steel Corporation, who knows what New York and its skyline would look like. Many decisions and factors contributed to Bethlehem Steels demise including the labor movement and class compromise, class struggle and most of all the improper funding for employee benefits.
Immigrants face a great deal of hardship on coming to America. Many of these immigrants were on uneducated and fell into the trap of Robber Barons. During the Great Migration (1880-1921) about 56% of the immigrants migrated to the United States not knowing what to expect. Therefore, when coming to America many of the defenseless immigrants had to pay a price. “The shipping industry guarantee good profit, but they had to send their children which caused their family to be separated, this was because these immigrants did not have enough money to have them and their children going together” ( Morgan Prezi).
J.P. Morgan, John D. Rockefeller, and Andrew Carnegie were great inventors of their time but they did things that made them Robber Barons. One large reason why they are a robber baron is that they wanted to get more money without caring for anybody working for him or working with their companies. J.P. Morgan was criticized for manipulating the financial system in order to make more money for himself. J.P. Morgan made a successful bank that is one of the leading banks today, CHASE. John D. Rockefeller made his money by creating an oil business.