Known as one of the men who built America. This self made steel tycoon was one of the richest men in America during the 19th century. Andrew Carnegie is known as the father of the American steel industry. Owning Carnegie Steel Company he was able to produce steel faster, stronger, and cheaper than any other company in the world. In his later years, he dedicated his life to philanthropic endeavors. Born on November 25, 1835 in Dunfermline, Scotland, Andrew Carnegie was born into a poor family. Coming from a poor family he received little formal education. His family believed in the power of books and learning. At the age of thirteen he moved to the US with his family. Once he arrived his family purchased a house in Allegheny, Pennsylvania. At age fourteen he started working in a factory. His weekly pay was $1.20. …show more content…
He got a promotion to telegraph operator. Two years later he quit his job and went to work at the Pennsylvania Railroad. At Pennsylvania Railroad he worked as an assistant and telegrapher to Thomas Scott. Thomas Scott was one of the railroad’s top officials.
Thomas Scott quickly advanced Andrew Carnegie through the ranks in the company.While in this position he made many investments, in many different kinds of companies. One of these being in the oil industry. In 1865 he left the railroad industry to focus on other business. One of these businesses being Keystone Bridge Company. For the next decade most of his time was spent with the steel industry in Pennsylvania. He soon started a very well known company called Carnegie Steel. Carnegie Steel Company revolutionized the steel production in America.
As I already stated he was producing it faster than anyone else in the world. This was because he owned everything he needed. For example he owned the raw materials, ships and railroads, and coal fields. At the time he was one of the richest men in America. Soon his fortune would