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Andrew Carnegie Biography Essay

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Andrew Carnegie was a steel producer in the 19th century. He built himself a business from the ground up that earned him millions of dollars. Carnegie was an immigrant from Dunfermline, Scotland. As soon as he landed in the states he started building his business only at age 12. His hard work and determination helped him out in his later years. Andrew Carnegie was born November 11, 1835 in Dunfermline, Scotland. Soon after Carnegies birth he and his family moved to to the United States. When the Carnegies moved to the states they got up and running very quickly. By 1889 Carnegie owned Carnegie Steel Corporation. This business was the largest of its kind in the world at the time. In 1901 Carnegie sold the company and dedicated all …show more content…

Carnegie began his first steel mill construction in 1872 in the town of Braddock, Pennsylvania. This mill was named the Edgar Thomson Steel Works. These works began steel production (especially railroads) in 1874. Carnegie guessed that he made a profit of $40,000 from a $100,000 investment. Carnegie made enough profit to buy steel mills in surrounding areas. These mills included Homestead Steel Works. He acquired this in 1883. Carnegie's businesses used rivers such as the Allegheny, Monongahela, and Ohio rivers to transport their steel products. Each of Carnegie's steel plants were stationed along side or near rivers. Henry Frick, one of Carnegie's workers suggested that all of the companies consolidate. The consolidation happened on July 1, 1892. This formes what is known as the Carnegie Steel Company. The steel companies headquarter were in downtown Pittsburg in an early skyscraper that was built out of Carnegie Steel. This was built to display their products. The building stood 15 stories high and demolished in 1952. The building was later rebuilt as a memorial to Carnegie in 2012. Carnegie made technological advancements such as the open hearth furnace, the ability to use steel for structural support, and he showed that the navy could use his steel for armor plates. The company grew towards the modern side of things by using overhead cranes, hoist, charging machines, and buggies. These devices all speed up the process of making steel. The mills expanded and the labor forces grew rapidly. More unskilled workers were being hired, and the skilled workers did not appreciate this. The more skilled workers went on strike. These workers wanted reduced work hours and fought big against their pay cuts. Eventually the strike ended and everything was back to normal. The company grew to have a net worth of $21 million in 1889. In 1901 the company sold to the

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At the age of 30 Carnegie started his interest in the steel industry. With his interest in the steel industry Carnegie had amassed business interest in the iron works industry. He had built the largest steel corporation in the world. After this his philanthropic business career had begun around 1870. Even though Carnegie supported myriad projects and causes he is best known for his gifts of free public libraries buildings.

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Without the wealthy, industrial tycoons of the late 19th century, how would The United States of America differ today? The oil, steel, mining, shipping, railroad and many other industries have contributed a vital role to how America works today. Andrew Carnegie, John Davison Rockefeller, Cornelius Vanderbilt, and J.P. Morgan were only a few of the money-hungry titans of America’s industrial beginnings, who contributed to the start up of a major industry-based time period. Scottish-American industrialist Andrew Carnegie founded and led the Carnegie Steel Company in the 1870’s, a major breakthrough for the steel industry. Andrew conducted the major expansion of the steel economy in the 19th century and has been identified as one of America’s richest for decades.

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According to document 3, He told Frank Doubleday to quit his business instead of encourage him. From the Production Costs and Selling Prices for One Ton of Steel Rails(document 4), showed that Carnegie’s Edgar Thomson Steel Works always get a profit because of location. According to Map of Selected Carnegie Properties(document 5), showed about his industries location that make him got a lot of profit. According to document 6, he got a lot of profit, have many industries but his workers were unhappy. Because, the workers were overwork and got a very low wages.

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He then worked for the Pennsylvania Railroad and in 7 years worked his way up to make $1,500 a year. He then met Bessemer which showed him the work of steel, which Carnegie adopted. He invested in mills and had the Thomson Steel Works. He then acquired interest in Frick coal fields, coke ovens, ore fields, railroads, and ships. In the end Carnegie sold his business in steel to J. P. Morgan and gave most of his money away in his later years.

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During this time, Carnegie bought stock and made several other investments, but in 1873 Carnegie sold out his other interests and focused primarily on the steel business. Carnegie later created the Carnegie Steel Business. Carnegie’s success can be credited to hard work, qualified help and his attention to small details. Carnegie was able to benefit from the 1890’s great depression. While some were going bankrupt, Carnegie used his wisdom and was able to obtain more steel production corporations by buying coal and iron mines, warehouses, ships and railroads so that he could gain control of all parts of the steel process.

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Elijah Renner Mrs. Stacy Barton US History Honors 15 April 2024 The Pronounced Influence of Carnegie Steel in 19th-Century America In the turbulent landscape of late 19th-century America, Andrew Carnegie’s steel empire stood as a titan. The 19th-century lively American economy was characterized by rapid industrialization, with the emergence of dominant forces in various young industries. Following the Civil War, the hunger for steel surged, and Carnegie Steel met this demand head-on through cutting-edge methods like the Bessemer process. In relentless mass production of steel, Carnegie Steel ignited railroad expansion, while also catalyzing urban development.

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Andrew Carnegie's company Carnegie Steel Company spread across Pittsburgh Pennsylvania to transport goods from city to city (Doc 5). In 1900 Andrew Carnegie made the large amount of $23,000,000, therefore, his daily wage would be about $92,000 (Doc 7). This evidence helps explain why Andrew Carnegie was a hero because when he started the steel mill he gained integrity and trust among the American

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Three years later, he was promoted to superintendent and made way more money than before, and he was only twenty-three years old (Biography.com)! Carnegie invested in the oil industry and made substantial returns (Biography.com). In 1865, he left the railroad industry to tend to his other business interests, including The Keystone Bridge Company (Biography.com). In the next decade, his primary focus was the steel industry, and he called his company Carnegie Steel

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He had complete control; vertical integration, Vertical integration is control of the production process from raw material to manufacture and sale of finishes product .He owned Oliver Iron mining Co. that controlled almost all of the mesabi iron fields, owed six ore boats from Pittsburgh steamship company that transferred iron directly to the mills in pittsburgh, an entire port facility and machinery needed for transforming the ore onto trains. He owned everything he needed to manufacture steel for his company, Carnegie was said to be “a pioneer of this business

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Then, he left and moved to New York. In 1872 he took a trip to England and cooperated with Henry Bessemer to build a steel mill. He became famous Homestead steel. The philanthropy of Andrew Carnegie made him a hero which set the foundation for three reasons. This was done through Carnegie’s gifts because he gave money to help many causes like education, religion, and other charities, ”The Gospel of Wealth” he believed that rich people are superior to all classes so they should use their money to help lessen or poor people and Carnegie helped his hometown.

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During the late 1800’s, early 1900’s America began the famous industrial race to success. At the head of the race, yearning for success, was Andrew Carnegie. Scotland born in 1835, Carnegie moved to the United States with nothing but soon grew with prosperous steps, speeding his way to the top as a profitable business man through the steel industry. His path to success may be filled with some hardship of distrust and mishaps with money hungry co-workers, but in the end he created, with his infinite wealth, enormous amounts of buildings and educational centers to benefit mankind in the long run. This is a deed of a kind man.

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In document C, we see a partial list of his transactions with charities, including; the Teachers’ Pension Fund, the Homestead Relief Fund, the Carnegie Institution, and public libraries. The things these donations did were very helpful to many, helping professors get old age help, funding steel workers and their families, promoting scientific research, and helping to create over 2,811 public libraries. He also created the Carnegie Corporation, which was a supertrust made to continue giving out Carnegie’s fortune after his death, primarily to education. This shows that he used his finances to give back to communities, which he could only do because of his financial

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In order for Carnegie to have succeed in being in the metal industry, it was clear that he had to discontinue his career of a railroad executive (Kohn). To commence his business in the metal industry, Carnegie invested in an iron manufacturing factory (Kohn). Carnegie also bought into an iron bridge plant and then bought into a Company making

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He grew up in poverty. His father's name was William Carnegie, William worked as a weaver and was the only source of income for the family. Carnegie’s mother's name was Margaret Morrison. Carnegie’s father died in 1855, after his death Carnegie realized that he would have to take care of the family. Carnegie gotta education and by the age 18 Carnegie was a secretary for Thomas A. Scott, the superintendent of the western division for the Pennsylvania Railroad.

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By building bridges across water ways people wouldn’t have to wait for so long just to get on a boat. In the 1870s Carnegie new company built the first steel plant in the united states. Andrew Carnegie used the Bessemer steelmaking process When carnegie started coming out with steel. He impacted a lot of Americans through the country.

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