What Are Andrew Carnegie's Technological Innovations

732 Words3 Pages
You may have heard of the famous Carnegie Hall in New York City, where people like accomplished musicians get praised and watched for their work. Or maybe you’ve even heard of the Pittsburgh Steelers, a famous football team. Well, my friend, reader, whoever you are, these modern organizations were inspired by no other than the steel tycoon, Andrew Carnegie. Andrew Carnegie made major technological innovations in the 1880s, especially the installation of the open hearth furnace system at Homestead in 1886. Carnegie made his fortune in the steel industry, controlling the most extensive integrated iron and steel operations ever owned by an individual in the United States. One of his two great innovations was in the cheap and efficient mass production…show more content…
Frick resolved to break the union at Homestead. "The mills have never been able to turn out the product they should, owing to being held back by the Amalgamated men," he complained in a letter to Andrew Carnegie.
The AA's membership was concentrated in ironworks west of the Allegheny Mountains. The union tried to organize better pay and working conditions on an annual basis. The AA made the independently-owned Pittsburgh Bessemer Steel Works in 1881. Several years later, the union engaged in a harsh strike in 1892. This became known to be the Homestead Strike. The Homestead strike was organized and purposeful, a harbinger of the type of strike which would mark the modern age of labor relations in the United States. In the final result, it was a major defeat for the AA and was a setback for efforts to unionize steelworkers.
Carnegie learned in order to become a millionaire in the steel industry he had to own the steps of manufacturing a product. Somehow, he found himself in charge of four. Shipping raw materials and minerals such as limestone, coal, coke, and manganese over the railroad was already one. Andrew Carnegie also had the production going well through many factories, ore ships, and steam shovels. It seemed like the steel industry was controlled by “the three rivers”; one of them being Lake
…show more content…
Rockefeller sold the Mountain Iron Mine from Minnesota to Carnegie. It was nearby the Mesabi Range and the Vermillion Range, which both had tons of iron ore deposits and led Carnegie to have the nation’s largest producer of iron ore and the United States to lead the world in steel production, and it was right under his fingertips. Also, Carnegie returned some of his fortune from it to the communities by funding 2,500 public Carnegie Libraries across the country, including 64 in rural Minnesota.
I found it in a way, that this steel business was utterly tiring for Carnegie. At just sixty-six years old, he found himself considering in retirement. His steel enterprises were bought out at a figure equivalent to 12 times their annual earnings—$480 million which at the time was the largest ever personal commercial transaction. Carnegie's share of this amounted to $225,639,000 (in 2014, $6.4 billion), which was paid to Carnegie in the form of 5%, 50-year gold bonds. “It was as if he feared that if he looked upon them they might vanish like the gossamer gold of the

More about What Are Andrew Carnegie's Technological Innovations

Open Document