By far the most profitable businessman during his age, Andrew Carnegie left his mark on industry, and profoundly impacted the expansion of business enterprise in America. Essentially, Carnegie rose from poverty to become one of the most influential, industrial tycoon’s in history by single-handedly building the American steel industry. During his time, Carnegie was known as being a prolific writer, but is most remembered for the entrepreneurial, and philanthropic career he created himself. By initiating numerous opportunities, consistently working hard, and being a fast learner, Carnegie was able to successfully build an empire of wealth not only for himself, but to greatly benefit America’s leading business industry we recognize today.…
The industrialists were captains of industry because they Put in time and effort into making the economy stronger and bigger. Captains of industry are considered people who are very high on the social chain. Carnegie & Rockefeller were both considered captains of industry rather than robber barons because they did more good rather than bad. These people benefited society and helped created better or stronger ideas that helped businesses or helped save lives. These industrialists weren’t considered robber barons because they weren’t harming the environment, society and they weren’t robbing people of their innocence and freedom, they were helping people live better lives.…
Throughout the 1800’s in the United States, the steel business was revolutionized by an American business icon, Andrew Carnegie. After growing up in a poor family, he used his self-taught knowledge to build wealth using investments to build a foundation of wealth. After coming from a humble background, Carnegie established himself as one of the wealthiest businessmen of his time period, and one of the most generous philanthropists of history.…
Andrew Carnegie and John D. Rockefeller, were both at one point in there life’s the richest men in the world. However they both had very different trails getting to their fortunes. Rockefeller was more or less handed money being part of the prestige aristocracy, however he was a very shred and organized man. He stressed the idea of planning ahead and never procrastinating, in most cases he was a penny-pinching millionaire. Even as a child he was always very organized and always planned ahead. This helped contribute to his success in his life with is Oil Company. Andrew Carnegie was not as fortunate as Rockefeller; he was an Irish Immigrant and at one point in his life was making a $1.70 a week. He was the epitome of the American dream; he rose…
Andrew Carnegie was an ambitious millionaire, who earned his way from rags to riches. How did he do it though? Did he cheat and deceive people, (Robber Baron), or did he earn his riches fairly (Captain of Industry). These are all frequently asked questions, and I hope this summary will give you some answers.…
He created a stronger type of steel that was not only the most effective, but the most efficient as well. Andrew Carnegie also had a strategy of his own. He believed that the only way to become a great businessman was to control monopolies and control the step of the process in materials. Carnegie definitely had a different side to him. He was a cruel businessman to his workers and a very kind philanthropist. He would poorly pay his workers, as well as leave them poorly housed. Carnegie was really never close to his workers and the wages that they had were very low compared to other steel industries. Nevertheless, he believed that "the man who dies rich, dies disgraced and a rich man should use his money for the benefit of others" (Youngs 33.) In Carnegies older years, he devoted himself entirely to his philanthropist's beliefs' after he sold his business. Carnegie built libraries around the world, but focused especially on the United States. He opened up galleries, museums, music halls, and technical schools. He also encouraged research and higher learning to others. Carnegie also established a donation to permanently seek an end to war. His donations totaled about 350 million…
The life of Andrew Carnegie is a good example of a real "rags to riches" story. He was born to a poor Scottish family that immigrated to the United States. Later, Carnegie became a powerful businessman and a leading force in the American steel industry. Now, he is remembered as an industrialist, millionaire, and philanthropist. With Carnegie's creed that the wealthy population had an unwritten obligation to give back to society, much of his fortune was donated to causes concerning peace and education.…
Andrew Carnegie was a poor immigrant from Scotland who came to this country with just a dime. He eventually grew his net worth to $293 billion in 2007 dollars. Carnegie began he career as an entrepreneur when he began building businesses such as cars, bridges, and iron to service the Pennsylvania railroad near Pittsburgh. (Gilder Lehrman) Carnegie worked his way up from a telegraph messenger to a railroad director. He began making investments during that time, including some in steel. He built his first steel mill in the area in 1873 to service the railroad. Carnegie is described as having a bright and optimistic personality. He treated his workers well compared to some other titans of the era and believed in giving back to the country. However, he lowered his workers’ wages when his profit fell. He also stood pat while Henry Clay Frick crushed the workers’ rebellion and then blamed Frick for all the violence. Carnegie took a paternalistic approach to managing his workers. He was benevolent, but also expected them to meet him halfway.…
J.P. Morgan: the banker who bought the Carnegie steel empire which became the core of the United States Steel Company.…
Andrew Carnegie was a Scottish native that emigrated to Allegheny, Pennsylvania when he was a young boy. Through rigorous work, reading, and dedication Andrew Carnegie became one of the wealthiest men in history. In this autobiography Andrew Carnegie explains the story of being an immigrant who goes through numerous obstacles and struggles, however, rises to the top. Carnegie’s autobiography is moving and extremely powerful for being one of the first of its kind in the 1900s. He starts as a telegrapher and with hard work and complete devotion to being the best, becomes the captain of industry and steel magnate.…
Who was Andrew Carnegie? Andrew Carnegie was a Scottish man that became an American industrialist. Moving to Pennsylvania at a young age, Carnegie started working in a textile factory. Carnegie started up a steel company that had multiple stages of production. The different stages of production that his company ran were transportation, manufacturing, and distribution. In the 1890’s Andrew Carnegie became a millionaire by having a lot of control over the steel industry. His steel factories were the most developed worldwide. Carnegie donated a lot of his money to different philanthropies such as giving to different towns to build libraries all over the United States. Andrew acted as a tyrant when running his companies. He had his companies working…
A self-made millionaire that started from rock bottom, Andrew Carnegie altered and helped to construct how America is today. He was able to achieve this through his ownership of the Carnegie Steel Company, and his generosity that is described within his book, The Gospel Of Wealth, that discussed his views on how the wealthy had an obligation to give back to society. Carnegie’s philanthropy work was able to highlight his love for education by giving money for establishments of Libraries and foundations.…
Andrew Carnegie was not a hero because of his treatment of workers. He gave them below minimum wage for dangerous work. As if that wasn’t enough, he cut their wages even shorter to fill his pockets even more. He did not give his…
Rising from rags to riches gaining a lot of power and making immense amounts of money was the successful story and life of Andrew Carnegie. Born on November 25th, 1835 in Dunfermline, Scotland , Andrew Carnegie was born into poor family of a mother who was a shoe maker and tanner and a father who was a handloom weaver . Immigrating to the United States in the May of 1848 , Andrew Carnegie started a whole new life there. “The Carnegies’ passage was relatively uneventful and mercifully short—there seems to have been no ship fever, cholera, or typhus… on board.” When reaching to the United States growing up in near Pittsburgh, and later on working in the Pennsylvania Railroad company in his later years is where the great rise of money and power…
“You cannot push anyone up a ladder unless he is willing to climb a little”. Andrew Carnegie was believed to be a captain of industries. Carnegie grew up to be the wealthiest business men in America. Andrew Carnegie is and always will be a captain of industry.…