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Andrew Carnegie Research Papers

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Andrew Carnegie was a rich wealthy businessman that had a steel industry provided the materials for Bridges that gave Americans the ability to travel to many different places. Carnegie steel company was a company that was created by Andrew Carnegie in the 1870s. Andrew Carnegie was not the first person to create a steel mill, What he did is find ways to make the production of steel faster and easier. His steel production speeded up the Economy by having bridges to get to one place to another place. By building bridges, People could travel faster over the water and areas where you couldn’t walk through. 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. Carnegie started managing Keystone Bridge company. He started that company in 1865. Carnegie managed Keystone Bridge company through 1872-1873. Carnegie was 38 at that time. Andrew built a bridge that could hold a lot of weight. It was one of the new improved bridges. People no longer had to get on a boat and get across. At one time many people could go across the bridge without it collapsing into the water. The big bridge speeded up transportation. They could get goods across from one place to another place in a short …show more content…

He started to get steel for the railroads. Carnegie fast methods lead a faster production on railroad steel. Carnegie did not invent the process of making railroads. In 1873, Andrew Carnegie organized a company a “Bessemer Steel railway company”. There was a depression up through 1879. By cutting his prices and getting help form the local banks. He was able to stay in business and keep producing steel for the

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447 Words | 2 Pages

Working as a personal telegrapher he came up with two ideas to help make the railroads more efficient and these two ideas were the most successful ideas. In 1859, he was promoted to Pennsylvania railroad superintendent. In 1861, Carnegie started the freedom iron company. Since the railroads were getting destroyed in war and deteriorating over time the iron business allowed him to bring in a lot of money since he was the biggest iron maker. In 1865, Andrew changed paths and sold the freedom iron company to make the keystone bridge company, this was revolutionary because this is when bridges started being built with iron instead of wood.

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779 Words | 4 Pages

Since he asked his mentor Tom Scott for help he made about $21 million dollars. With the money, he created his own and first steel plant. Carnegie was a good investor, his mill was one of the largest in the country. Carnegie is able to supply as much steel as the nation may need and become very wealthy. Around the 20th century, America was growing very fast with the rail, oil and steel making.

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711 Words | 3 Pages

In 1873 he began to build The Edgar Thomson Steel Works factory. When the factory opened Andrew traveled to all railroad owners convincing them to buy his steel. On September 1st 1875 The Edgar Thomson Steel Works factory produced two thousand rails for the Pennsylvania Railroad alone (DE Capua 2). Andrews Employs hated him because of harsh conditions and low pay, he supported the eighteen hour work day and didn't pay his employs a lot because he did not want them to waste the money on drugs and alcohol (McGill 3).

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219 Words | 1 Pages

Just like the treatment his workers endured Carnegie wasn't any nicer to his competitors. Andrew Carnegie was a phenomenal businessman. Much of his success is due to how he operated his business. He watched the costs of his business intently (Document C), always making sure that the steel was being produced at a lower price than what it was being sold for (Document D), and he watched his competitors even closer. In March 1889, when Allegheny Bessemer Steel built a mill directly across from Carnegie's mill it intimidated Carnegie.

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1277 Words | 6 Pages

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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203 Words | 1 Pages

The steel tycoon Andrew Carnegie started out from a humbling beginning as poor immigrate working his way up the corporate ladder (). Until the day came when Andrew Carnegie decided he would strike out on his own, and Carnegie Steel was born. Now, Carnegie new that his steel mills most valuable assets was the workers. Consequently, Carnegie encouraged the workers to participate in collective bargaining for wages (). As a result, the factory workers were able to bargain their way to a truly livable wage.

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1389 Words | 6 Pages

“A man who dies rich thus dies in disgrace.” Andrew Carnegie was known as the father of steel and became one of the most powerful men alive at his time. Carnegie was a Scottish-born immigrant. His story is what people would call the american dream, coming from nothing into being extremely successful in his industry. As boy he worked in a cotton factory in Pittsburg and eventually worked up to a superintendent position in railroad in Pennsylvania.

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446 Words | 2 Pages

He went to Henry Bessemer, a German scientist, who had invented a way of introducing iron to carbon more efficiently. Carnegie could produce a steel railroad tie in 15 minutes, rather than the average 2 weeks. Taking this invention back to the United States, Carnegie built a bridge spanning the Mississippi River and thus creating structural steel. After having a very successful life with Carnegie Steel, he then sold his company to JP Morgan for $480 million.

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742 Words | 3 Pages

In 1872, when he was trying to get out of business he made a trip to England. He met Henry Bessemer. 20 years before Henry Bessemer developed a technique from converting iron into piers, stronger material. Carnegie stole that process and started his own steel business, he raised $700,000 in the investment capital. In twelve months while meeting with Bessemer his steel mill was under construction.

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1053 Words | 5 Pages

He was one of the first economists to change the way the economy was run. Born on November 25, 1835, Andrew Carnegie was one of the most wealthiest and famous industrialists of the late 1800s and early 1920s. He is a Scottish-born American industrialist who pushed the economy of the United States into a whole new level. He was the one who expanded America’s economy into what we know it as today. Ever since he was a young boy, he already had ambition burning inside of him.

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424 Words | 2 Pages

Steel was a great invention created by Andrew Carnegie. He created

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648 Words | 3 Pages

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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677 Words | 3 Pages

The strikers eventually won causing the company to stay closed. Then five days later the governor in Pennsylvania sent soldiers to restore order and re-open the the plant. Two months later the strike was called off, Carnegie was criticized for Fricks actions. Carnegie did a lot to achieve his large empire, he fought competitors and made good business

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200 Words | 1 Pages

The Gilded Age brought America many different technological advancements such as the railroad system, kerosene, steel, and light bulbs. These advancements impacted the lives of people in America. The railroad system impacted the lives of American people by making travel much faster. Instead of the trip taking 6-7 months it can now take up to 10 days.

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735 Words | 3 Pages

Industries developed new methods to increase efficiency levels—as well as profits. Andrew Carnegie, owner of the Carnegie Steel Company, pioneered the use of vertical integration. Under this system, Carnegie bought out companies that provided raw materials and services that he needed. Iron, for example, is a main component of steel.

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