integration. John D. Rockefeller perfected horizontal integration and was very successful with his involvement with oil. J. Pierpont Morgan was considered the Bankers’ Banker and his interlocking directorates with the United States Steel. All three circumvent competition and come from lower middle class. What is impressive about them is that they had little to no education and did not indulge in extravagances. With the combination of innovations and businessmen‚ America evolved into a more modern
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Andrew Carnegie was born on November 25‚ 1835 in Dunfermline‚ Scotland. Andrews father was a handloom weaver (which is someone who threads yarn with interlacing yarn with another creating cloth) but that sadly came to an end as the steam powered looms came into play. Andrew learned what poverty meant as when his mother had to go to work to support their family. So this set his plan in action to become a great man. His mother moved their family out to pittsburgh in 1848 which in those times it was
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the wealth that was created in the United States. Among these individuals were Andrew Carnegie‚ Eugene V. Debs‚ and Horatio Alger. One of the best-known philanthropists was the American industrialist Andrew Carnegie‚ who devoted the latter part of his life to giving away most of the huge fortune he had amassed in the steel industry. Following the principles laid down in his essay "Gospel of Wealth" ‚ Carnegie returned over $300 million to society‚ primarily through foundations and trusts. Debs
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Andrew Carnegie was a very successful businessman. He was an idealist and one of the most important philanthropists of his time. He started Pittsburg’s Carnegie Steel Company‚ which he later joined with Elhert H. Gary’s federal steel company and several smaller companies to create U.S. Steel. The wealth from his success abled him to build foundations and institutions like Carnegie Hall. After his huge role in the steel business he spent most of the rest of his life as a philanthropist. In today’s
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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. Andrew Carnegie was born on November 25th‚ 1835‚ in Dunfermline‚ Scotland. He was born into an average class family of four. His father worked in the weaving industry‚ and was also part of
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rapid industrialization and extreme economical expansion and wealth for America. Many businessmen such as J.P. Morgan‚ John D. Rockefeller and Cornelius Vanderbilt among others reached the pinnacle of wealth and amassed huge amounts of money. Many individuals developed contrasting attitudes and views on this newly created wealth. Among these individuals were Andrew Carnegie‚ Eugene V. Debs‚ and Booker T. Washington. Seemingly similar people‚ and yet they were almost completely different. One was a
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Mosqueda Mr. Webb US History 16 September 2013 Andrew Carnegie: Robber Baron or Captain of industry? Andrew Carnegie was both a Robber Baron and a Captain of Industry. Growing up as an immigrant‚ who started with nothing at all‚ he became greedy with his money. He was a big business leader who builds up the community but treated his workers poorly. Carnegie created thousands of jobs for people but did not provide his workers with safety equipment and had
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My Ma English 1A Prof. James Click 2-19-2014 The Problem of Rich and Poor For centuries‚ many philosophers have discussed the issue of class struggle. Karl Marx and Andrew Carnegie both developed theories of the unequal distribution of wealth a long time ago; however the only Carnegie’s ideology could apply to American society today. In “The Communist Manifesto”‚ Marx first introduces the two main social classes: bourgeois (the upper class) and proletarians (the lower class or working
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or dying for his country? Andrew Carnegie was no Ulysses Grant but he was also not Vanderbilt‚ Carnegie gave back to his country with the riches he earned. We cannot look upon Carnegie as being the child with the silver spoon in his mouth growing up. He was poor growing up and was business savvy which is how he became rich. We should not punish him for using his knowledge to become successful but we should look at what he did with the money. Andrew Carnegie was a hero‚ he not only brought the
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John D. Rockefeller John D Rockefeller‚ an American Industrialist and Philanthropist‚ was known for many things. At the young age of 19 he started his own company and later he founded the Standard Oil Company and the Rockefeller foundation. John Davison Rockefeller was the world’s first millionaire. In 1859‚ at the age of 19‚ he started his first company with a young Englishman. The company name was Clark and Rockefeller. The first year alone‚ the company grossed four hundred fifty thousand dollars
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