For example‚ the influence over the railroad systems to set up discounts and rebates helped Standard Oil to have economic and legal power. The company was using the same railroads as other companies in the industry but paying far less. John D. Rockefeller had political power due to the large amount of donations he made to the church‚ poor and other organizations. Standard Oil had technological power and refined the oil refining process and standardized the product. Environmental power was through
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Andrew Carnegie‚ a Scottish immigrant‚ rose from a job cleaning bobbins in a textile factory to become one of the richest men in America. While Carnegie was a teenager‚ his skill as a telegraph operator caught the attention of Tom Scott. Scott hired Carnegie and lent him money for his first foray into Wall Street investment. In 1872‚ Andrew Carnegie built the world’s largest‚ most up-to-date steel mill in Braddock‚ Pennsylvania. At the time‚ steelmakers produced about 70 tons a week and in 20 years
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Carnegie‚ Andrew ‚ 18351919‚ American industrialist and philanthropist‚ b. Dunfermline‚ Scotland. His father‚ a weaver‚ found it increasingly difficult to get work in Scottish factories and in 1848 brought his family to Allegheny (now Pittsburgh)‚ Pa. Andrew first worked in a cotton mill as a bobbin boy‚ then advanced himself as a telegrapher‚ and became (1859) a superintendent for the Pennsylvania RR. He resigned (1865) his railroad position to give personal attention to the investments he had
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Andrew Carnegie had liberal thoughts‚ as expressed in his Gospel of Wealth. I agree with the issues addressed in the Gospel of Wealth‚ such as giving your money away before you die‚ to further society. The purpose was to give the money away before you die‚ so you can regulate where the money goes‚ and that you can assure yourself that it will go to a worthy cause. As said in the gospel of wealth‚ everyone should be able to make as much money as they can‚ but they should give back to the society-
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Many have debated that the industrial leaders following the 19th Century were "Robber Barron’s". However‚ in this very competitive time period‚ many new businesses were being formed. It took talented businessmen such as Vanderbilt‚ Carnegie‚ and Rockefeller to get ahead and keep the companies running‚ building America into what it is today‚ the most powerful nation in the world. Cornelius Vanderbilt (1794-1877) was a classic Market Entrepreneur‚ succeeding by creating and marketing a superior product
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Andrew Carnegie and the Rise of Big BusinessHarold C. Livesay said in his book‚ Andrew Carnegie and the Rise of Big Business‚ that Carnegie "was a collection of paradoxes‚ this man of American steel-violent and peace-loving‚ ruthless and loyal‚ greedy and generous‚ boastful and diffident‚ vain and doubting‚ brash and shy". Andrew Carnegie was a quite normal in his younger years. He was born on November 25‚ 1835‚ and grew up in the rural town of Dunfermline‚ which was located in Scotland. His family
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Carnegie Mellon is a remarkable school and the amount that the university invests in the students at the school is unbelievable. I visited the school on April 1 and I just loved the campus. It felt like home as I arrived and my whole fear of not liking the school was lifted from my shoulders. I feel like the trip with my family driving to Pittsburgh put me in a better place‚ especially being over five hours from home. That I wouldn’t have any family around just concerned me. When I arrived on campus
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DBQ Andrew Carnegie If you were the richest person in the world what would you do with your money‚ save the economy from going under or simply just walk away. Well Andrew Carnegie was a man of wealth though he didn’t start out like that; he came from a poor family born in November‚ 1835‚ in the attic of the cottage his family lived in‚ in Dunfermline Scotland. He and his family left that cottage in Scotland to come to America in 1848 where at twelve years old he started to work almost
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How did Carnegie justify the accumulation of wealth? Carnegie believed that people were born with certain attributes that would lead them to be successful in their lifetime. He also mentioned the idea that we as human beings should accept the conditions that are placed in front of us and work around them to achieve the impossible. Also he believed that it is up to one’s ability and energy that will allow them to produce the wealth that they seek for themselves. 2. What are three ways Carnegie suggest
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Andrew Carnegie and Bill Gates: both incredibly rich‚ incredibly generous (or so it appears) men from two differing time periods.Both men were self-made and owed their wealth to much hard work‚ and both were distinguished figures during their times. Furthermore‚ both utilized their wealth to perpetuate meaningful social change rather than reforming society altogether. Despite the similarities they share‚ the two men originated from relatively different backgrounds and did their benefacting through
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