Topic: Should Andrew Carnegie be described as a “captain of industry” or a “robber baron”? Abstract: Nowadays, there still exists lots of controversial comments towards Andrew Carnegie. Some of them hold the view that Andrew Carnegie should be described as a captain of industry while others contend that he was only a robber baron. As far as I am concerned, Andrew Carnegie, known as the King of Steel, built the steel industry in the United States, and in the process, became one of the wealthiest men in America. He is a man worthy of being respected.
Carnegie is one of the most heroic entrepreneurs for his generous effect on the communities he helped out. Andrew Carnegie was a hero in three areas of his life: unselfishness, concern for others, and his grittiness. The first area in which Andrew Carnegie was a hero was his unselfishness in a chart created by Joseph Frazier Wall one can clearly notice how much Carnegie gave out ($350,696,653). Also in Wall’s chart it demonstrates that “The Carnegie Corporation’s net assets in
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.
One man who worked vigorously to acquire his dream was Martin Luther King Jr. His dream was for equality to every citizen and with all of his hard work, it paid off (Meacham). The beliefs of the American Dream vary from group to group; person to person (Rodriguez). For instance, whites are less likely to believe in the American Dream than non-whites. New people coming into the country see their life here as the American Dream. However for the people who have been here longer, think of the dream more related to wealth than the traditional values (Rosenfeild).
That is what Carnegie was stressing in his Gospel of Wealth. Many upper class people would “earn” their money by traditional bequeath towards their heirs. In this reality, Carnegie wanted to create philanthropy to help the individuals and families living through poverty. This includes the breaker boys that were literally killing themselves
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.
A captain of industry can be defined as ¨a business leader whose means of amassing a personal fortune contributed positively to the country in some way.” Andrew Carnegie was an ideal representation of a captain of industry, he was born poor, yet he rose the ranks and became a successful businessman who dedicated his fortune to good causes. Due to his success and innovation in the steel industry and his benevolent donations, Andrew Carnegie was a prosperous businessman who benefited lives across America. Andrew Carnegie furthered the steel industry and brought forward new innovations that advanced technology and market shares for generations. Not only did Carnegie develop technologies, he helped forge new business models. The concept of vertical integration received an immense
Those steels were used in machines and they also helped build railways and bridges. At age 65, he sold his company and consequently became the world’s richest person. After his retirement, he started to live up to his philosophy of philanthropy. His efforts influenced not only America’s post-war reconstruction,
The United States began to enter a prosperous and increasing period after the civil war known as industrialization. Despite the fact that industrialization led the United States to wealth, it also led it to many social and economic problems during the late 19th and early 20th centuries. During this time, Upton Sinclair and Andrew Carnegie were the people who responded to the economic and social problems generated by industrialization. Andrew Carnegie was one of the wealthy men in America and was very charitable, he impacted the United States with his steel to transform cities. During these economic and social problems generated by industrialization, he responded by providing money to fund charities.
This solidified Andrew Carnegie as a titan of the steel industry. In 1901, Andrew Carnegie was in his sixties, and was considering retiring from business. He consolidated his businesses, and eventually sold them to the famous financier John Pierpont Morgan. The deal was worth four hundred and eighty- million dollars, in today’s money, thirteen point seven billion dollars. This was the largest deal America had ever seen.
Having a share in government affairs and underpaying his employees. All just help him get ahead of the other competition. He worked his way to the top then had lower people do the work for him. The rag to riches story is an inspiring story, but once you make it to the riches; why let others