Fabrizio Moreira, an Ecuadorian politician, defined the American Dream: "The American Dream is that any man or woman, despite of his or her background, can change their circumstances and rise as high as they are willing to work" (BrainyQuote 2018). According to this definition, Andrew Carnegie undoubtedly lived the American Dream. Raised in a poor, Scottish family, Carnegie moved to America in hopes of a better life. Harnessing his determined and optimistic spirit, Carnegie rose through the workforce. Incredibly, in the 15 years since he moved to America, Carnegie created and owned one of the most efficient and prosperous businesses in America. Carnegie began his life as a destitute boy, but amassed a fortune as he grew up, and gave most of his profits away to help those like him when he was a child. …show more content…
His father was a weaver who had fallen on hard times. Unfortunately, Carnegie 's mother also had to work in order for his family to have food and a home. In 1848, hoping for better business, his family moved to the industrial Allegheny, Pennsylvania. When his father didn 't have much luck, Carnegie worked to help support his family. First, he was hired as a bobbin changer, working 12 hours a day, 6 day a week, only making $1.20 a week. Then, in 1849, he became a telegraph messenger in the Ohio Telegraph Company, making $2.50 a week. Carnegie worked hard, and could soon determine morse code by ear, and quickly became an operator (Wikipedia
Carnegie spent 90% of his money in charitable donation. In 1902, he established an institute named Carnegie institute, where he funded scientific research. He also released pension fund for teachers with a $10 million
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 November 25, 1835, in Dunfermline, Scotland. At the age of twelve, he and his family took the long voyage from Scotland to the United States. Young Andrew adapted and thrived in the modern age of America. At the age of thirteen, Andrew began his first job, which was working in a boiler room at a thread factory. However, luck was on his side and he soon became a messenger for O'Reilly Telegraph Company.
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.
He became a philanthropist when he donated much of his money to good causes. He bought shares in the iron mills in factories that made sleeping cars and locomotives. He also was a captain of industry and invested in a company that built railroads and bridges . Carnegie has a university in chicago called university of chicago, as well as Carnegie Hall in New York City. Carnegie also formed a huge monopoly after he took over the steel industry.
He believed that it was the rich man’s responsibility to live somewhat modestly and act as a steward with his excess wealth to help those less fortunate. This in general would benefit all of society. Carnegie had several views about wealth during this time. Carnegie’s view of wealth was that he did not understand why he was in the position to make so much money. He did not feel like he should
Carnegie was not a hero, because a hero does a deed selflessly, but he thought a lot about himself. 184,400,000 dollars was spent on big-name corporations and associations that would honor him by naming a meaningful belonging after him (Doc C). Carnegie was a man who wanted to feed his ego but should have donated money to help the community, not make himself known. Andrew Carnegie was not a true hero. Many may say, going from rags to riches makes Carnegie a hero.
The late nineteenth century was a pivotal moment in American history. During this time, the Industrial Revolution transformed the nation, railroads had dissipated all throughout the country, and economic classes began to form, separating the wealthy from the poor. One of the wealthiest men of this generation was Andrew Carnegie, a Scottish immigrant who fled to America to make millions off the railroad, oil and even steel businesses. Carnegie is considered one of the richest men in history, and even with all that wealth he decided to give back to the community. As a matter of fact, Carnegie donated most of his funds to charities, universities and libraries in his last few years.
His business practices also reflected this level of lack of concern for other people that later transformed into regret and attempts at redressing his wrongs. First-hand observers of his factories, specifically Hamlin Garland, said the noises produced by the machines were as loud and frightening as a lion’s roar and that the entire factory was filled with an awful stench, furthermore, the workers were likened to men going to war for the sake of their wives and children while only receiving a mere 14 cents an hour. Originally when the union rejected Carnegie’s attempt at lowering of wages, Carnegie greeted them sympathetically and amacibly receiving exactly what he wanted, the unions were silenced and he was viewed as a benevolent employer. Making attempts to be remembered as this person, he saw it necessary to use his money for the public good which would later be outlined in his book, the Gospel of Wealth. The preservation of this public image was successful, but behind the scenes, Carnegie was less sympathetic towards his employees and their
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 a major capitalist of the 19th century. He became a major capitalist in the steel industry. He attained much of his wealth because he practically created the steel industry. Starting from the bottom and working is way to the top Andrew Carnegie became one of the richest men during his time. Starting at earning a dollar and twenty cents a week.
There are many ways Andrew Carnegie was a robber baron, yes. Yet, he always did things to help the community grow and helped people. In document 5 Carnegie shows a chart shows his foundation and the amount of money it donates to different things and people. In 2005 his foundation was giving out about $100,000,000 a year to education.
He grew up in poverty. His father's name was William Carnegie, William worked as a weaver and was the only source of income for the family. Carnegie’s mother's name was Margaret Morrison. Carnegie’s father died in 1855, after his death Carnegie realized that he would have to take care of the family. Carnegie gotta education and by the age 18 Carnegie was a secretary for Thomas A. Scott, the superintendent of the western division for the Pennsylvania Railroad.
Underpinnings and Effectiveness of Carnegie’s “Gospel of Wealth” In Andrew Carnegie’s “Gospel of Wealth”, Carnegie proposed a system of which he thought was best to dispose of “surplus wealth” through progress of the nation. Carnegie wanted to create opportunities for people “lift themselves up” rather than directly give money to these people. This was because he considered that giving money to these people would be “improper spending”.
Over the years, a dream that changed the way the world saw the U.S. was created and it is the American Dream. As the years passed and the U.S. was developing the American Dream as well developed or as many say changed. The American Dream is a term that was introduced in 1931 by James Truslow Adams in his book The Epic of America (Kamp 2). The term “American Dream” started with a meaning that was reachable: “a better, richer and happier life for all citizens of every rank”(3). Throughout the years the term`s meaning changed dramatically.