Cudgel 1 Carnegie Generosity to Society Was Andrew Carnegie’s amazing rags to riches story and unheard-of devotion to charity made him the perfect poster boy for the Industrial Revolution and today’s Society. Andrew Carnegie was an American industrialist who amassed a fortune in the steel industry then became a major philanthropist. Carnegie “was often noted as saying the man who dies rich dies disgraced”‚ (Carnegie) the” Gospel of Wealth” 1900 influence him to give to different mode
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pace. With recent advancements in technology to spur industrial growth‚ the government had no rulings on how far in big business is too far. The four main business leaders of the time: Cornelius Vanderbilt‚ John D. Rockefeller‚ J. P. Morgan‚ and Andrew Carnegie. These men were at the forefront of the Industrial Revolution in America and the ways that they reached their levels of wealth were sometimes questionable and other times outright unethical. In the early days of business in America‚ there was
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proactive. One of the earliest examples of the obstructionist approach in the United States was the handling of the Homestead Strike of 1892. Management placed an emphasis on opposing any business activity that threatened profits. 3000 workers from Andrew Carnegie’s Homestead Steel Mill went on strike for better wages and working conditions. Instead of trying to come to a mutually beneficial agreement‚ management choose to hire a private army to quell the strike. The following confrontation led to
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How would you feel if you went shopping and your only options are the awful red Nike shirt or the really bright green Nike shirt‚ and that both cost 55 dollars? In the early twentieth century‚ the United States went through one of the most influential changes which impacted economic growth. This change was known as the second economic revolution. This economic growth came with the benefits of abundant resources‚ an increase in labor‚ a growing market‚ and available capital investment. However‚ with
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striker? These angry workers showed no mercy during this riot at Haymarket‚ and the author expresses the true horror of the events that happened. At Homestead‚ when owner Andrew Carnegie went on vacation to his homeland‚ problems arose. Henry Frick who was set in charge‚ was soon to be hated by the workforce at the Carnegie Steel Plant. This was because Frick reduced the wages‚ and built a fence 3 miles long and 12 feet high in order to keep the workers out to break the union. Problems heated
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refinery. His Standard Oil knocked Vanderbilt off his title as the richest man. This ruthless corporation supplied tons of homes with kerosene lighting‚ built 40‚000 miles of oil pipelines‚ and stunned top competitors. One of whom was Andrew Carnegie. Carnegie‚ investing everything‚ gains millions by producing steel. This introduced a new way to build homes and now sky-high business buildings in the city. Another industrial titan was J.P. Morgan. Trying to make a household name for himself
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people who lacked concern for others and took advantage of the worker; but to my way of thinking‚ they were smart people who worked hard to make it to where they were and without some of them we would not have some of the things we have today. Andrew Carnegie‚ the richest man in the world‚ was born in Scotland on November 25‚ 1835. Starting off with only helping start an American steel company at such a young age‚ soon became one of the richest young men at his time. This is only the beginning of his
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American society. While a large group of individuals amassed incredible wealth during the Gilded Age‚ there existed an even more elite group consisting of individuals that rank among the richest men in history. It included John D. Rockefeller‚ Andrew Carnegie‚ Jay Gould‚ James Fisk‚ and J.P. Morgan. To understand their later deeds‚ one must understand the strikingly similar environments in which these men came of age. For example‚ all of the aforementioned men were born in the Northeast during the
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America: Heilbroner‚ “The Master of Steel: Andrew Carnegie” McCullough‚ “The Brooklyn Bridge: A Monument to American Ingenuity and Daring” “Gilded Age” – Key Terms Transcontinental Railroads Union Pacific & Central Pacific Land Grants Power – natural monopolies: Vanderbilt Industrial stimulation Corruption: stock watering‚ rebates‚ pools Regulation – Wabash case? Interstate Commerce Act (1887) Captains of Industry (Robber Barons) Carnegie – steel (Bessemer process) – “vertical
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Many important factors helped to promote America’s huge industrial growth during the period from 1860 to 1900. Before the blossom of this industrialization‚ the United States consisted of mostly farms and small towns. The development of factories and urban cities soon changed all of this. The railroad system expanded and eventually turned into a goldmine for commerce in the United States. Machinery started to decrease the amount of animal labor used‚ which allowed the consistency and production of
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