be characterized as captains of industry. Amongst them was Andrew Carnegie the owner of steel works company and J. Pierpont Morgan a seminal financiers. Andrew Carnegie was born on November 25‚ 1835. He began his career around 1870. During 1872 Carnegie traveled to London and was introduced to the new Bessemer methods of producing steel. he soon returned to the United States to create a million dollar steel plant. by 1800 Carnegie started to produce 10‚000 tons of steel a month. He accumulated
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Adams‚ I’m your host Margaret Mary. Today I will be talking to three men who invented and innovated during the 1800s. Our first guest is the man who leads the steel industry. Ladies and Gentlemen‚ please welcome‚ the entrepreneur and philanthropist‚ Andrew Carnegie! Jack comes out Crowd applauds JACK How do you do ma’am? KATE Very well thank you. Andrew‚ tell us a little bit about yourself. JACK Well‚ there isn’t a lot to say. At age twelve my family immigrated from Scotland to America. My
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by paying a substitute. Morgan was very important in dealing with many financial crises. After gaining so much money‚ Morgan would use it on buying expensive art collections (History). This was not the ideal figure of an “American Hero”. Andrew Carnegie was born in Scotland to a modest family. He then moved to the United States and became a “bobbin boy” and
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companies. Two of the most famous entrepreneurs‚ Andrew Carnegie and John D. Rockefeller‚ were the most renown of these people. Their success is seen through all the things that are named after them - the Carnegie Library‚ Carnegie Hall‚ Carnegie Mellon University‚ Rockefeller Foundation‚ Rockefeller Center‚ and many more. Though they may seem very much alike‚ these two businessmen share differences as well. Despite the fact that Andrew Carnegie and John D. Rockefeller gained their position in two diverse
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industrialists of this time that I researched were Andrew Carnegie‚ Jay Gould‚ Cornelius Vanderbilt‚ and John D. Rockefeller. Out these four industrialists the only one that is a Captain of Industry in my opinion is Andrew Carnegie. Carnegie proved that he was a Captain of Industry in many ways by building the largest steel industry of his time‚ donating his fortune to fund libraries‚ and by founding and constructing many buildings; including the Carnegie hall in New York City. He also created a pension fund
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positive way. This includes increasing the availability of goods‚ creating more and new jobs‚ and donating money to benefit the well being of the people. Some of them men that were considered to be Captains of Industry" were men like J.P. Morgan‚ Andrew Carnegie‚ John D. Rockefeller. J.P. Morgan was a banker and a American Financier‚ who at the turn of the century‚ was one of the wealthiest men in America. J. P. Morgan backed the Edison Electric Illuminating Company in 1822 which began the great electric
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This episode in the men who built america spoke mainly of some of the richest people in the world’s history Carnegie‚ Rockefeller‚ Morgan‚ and Ford all americans and all in the same relative time period. It covers what each of these remarkable individuals did that affected america from ford’s assembly line to the buying of the presidency. But it did not just cover what effects their actions had on america it covered their motivations and what may have inspired them to be so successful. All of them
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These four men‚ George Eastman‚ J.P. Morgan‚ John Rockefeller‚ and Andrew Carnegie were all Captains of Industry. They are all considered Captains of Industry because they all donated huge portions of their wealth to society. George Eastman treated his workers with respect and dignity‚ giving them fair pay‚ reasonable hours‚ and the best benefits he could manage‚ as the writer states. Both the reading and the website show examples of the places he donated to‚ such as large sums of his money to children’s
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The Gospel of Wealth Andrew Carnegie‚ author of “The Gospel of Wealth”‚ was a philanthropist who argued that “Individualism‚ Private Property‚ the Law of Accumulation of Wealth‚ and the Law of Competition;”(Carnegie‚p.24) was only beneficial and experienced to a small percentage of society’s wealth. Carnegie argued in his excerpt that‚ “there are but three modes in which surplus wealth could be disposed of.” These modes include leaving all the accumulated wealth of that person to the family
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the wealthy class. Three specific viewers who had similar‚ but contrasting opinions of this were Andrew Carnegie‚ Eugene V. Debs‚ and Booker T. Washington who believed that wealth could either enable people to rise in society or that it should be distributed. Booker T. Washington’s stance of the wealth created was that it enabled people to rise in society. Different from Andrew Carnegie and Eugene V. Debs‚ he integrated his view into his plan for racial equality. He encouraged black Americans to create a strong economic base
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