Andrew Carnegie was not a hero but a business men trying to escape the small life he grew up in .Andrew Carnegie was one of the most know persons of the late nineteenth century and was a key component in moving along the industrial revolution of America, refining steel to higher quality and lowering prices. One of a few huge businessmen with monopolies on their respective business along with J. P. Morgan and the Rockefellers. He came up from a poor cottage from Scotland to become they owner of a large portion of the world’s steel industry. Once he had a handle on the industry he continually reduced both production and selling costs and nearing the end of his life he sold the company and created an institution dedicated to donating his money to …show more content…
At this he succeeded certainly,over a period of roughly ten years from 1875 to 1885, give or take a couple years, the average production costs went from $55 to $30 and prices going from $77 to $33. The steel production of the USA, from the space of 1870 to 1900 had gone from the within a couple hundred thousands tons of steel to over 10,000. Aside from his remarkable accomplishments of entrepreneurship, Carnegie’s business also took no stops in attempting to secure the competitive market. A competitor rose up in 1889 called at the time Allegheny Bessemer Steel using a mill with a new method of making steel called the direct rolling method. With the new method they had lower production costs than Carnegie and were able to lower production costs even lower than Carnegie’s, enabling him to steal some of the market. Of course,Carnegie’s company responded in kind, sending out a notice to the railroad companies claiming that this new method produced steel of a lower quality and implied that there could be fatal consequences. After the company’s second year its turnout decreased dramatically and Carnegie bought it out. After little investigation Carnegie’s partners believed the method to be superior and Edgar