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Andrew Carnegie: Robber Baron Or Captain Of Industry

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Name of Industrialist: Andrew Carnegie (Steel Company) How did he acquire his wealth? Carnegie frequently recognized as one of the wealthiest person ever. He made big bucks from oil business. He also led the growth of the American steel company in the late 19th century. How he (or his related industries) treated workers. He treated them badly. They were worked excessive hours, but given little wages for their work. They were beaten, forced to work at a dangerous workplace, and faced threatening conditions. How he spent his money? Carnegie spent 90% of his money in charitable donation. In 1902, he established an institute named Carnegie institute, where he funded scientific research. He also released pension fund for teachers with a $10 million …show more content…

At the ag of 65, his life was changed dramatically. He decided to spend the rest of his life to comfort others. Carnegie was a major Philanthropy, donated almost $5 million to the New York Public Library, so the library could manage to open some branches in 1901. Other than that, more than 2,800 libraries were also opened with his fund. Dedicated to learning, he founded the Carnegie Institute of Technology in Pittsburgh. He donated his money to education, and charities. At his death, His remaining $30 million was granted to some foundations and to prisoners. Do you believe he is a Robber Baron or Captain of Industry? Carnegie made a large sum of money, and he gave his money away in many ways to many organizations such as schools, universities, and many other places. So, I believe he is a Captain of industry. What made you categorize your choice as a Robber Baron or Captain of Industry? There are several reasons of categorizing Carnegie as Captain of Industry. First, he was a steel tycoon and a wise businessman. He did smart investments to start his own company. He was devoted to education. He spent a large sum of his money opening libraries, and institute. Carnegie was an innovator. In 1902, he established the Carnegie Institute to aid scientific research. He also established $10 million worth funds for

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Vanderbilt didn’t give much money away to charities but he did donate $1 million to build Vanderbilt University in Nashville, Tn. Rockefeller donated over half a billion dollars to various educational, religious, and scientific causes including The Rockefeller Institute for Medical Research which is now Rockefeller University. Carnegie gave away about $350 million to various charities including the $1.1 million needed to for the costs of Carnegie Hall. As “Captains of Industry” they contributed vastly to the growth and advancement of American economy even if the way they went about it was

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1617 Words | 7 Pages

He became a philanthropist when he donated much of his money to good causes. He bought shares in the iron mills in factories that made sleeping cars and locomotives. He also was a captain of industry and invested in a company that built railroads and bridges . Carnegie has a university in chicago called university of chicago, as well as Carnegie Hall in New York City. Carnegie also formed a huge monopoly after he took over the steel industry.

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183 Words | 1 Pages

Andrew Carnegie: The Ultimate Robber Baron Four hundred and seventy-five million dollars. This is the overwhelmingly large amount of money Andrew Carnegie acquired during his lifetime. Though not privileged as a boy, he worked his way up the ladder, achieving more than anyone could have ever imagined. Unfortunately, many people were exploited on his way to the top.

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1277 Words | 6 Pages

This can be seen through some of the documents, including Document 5. In this it show a list of some of the places Andrew Carnegie gave gifts of money to. One was to create Lake Carnegie for rowing at Princeton University and another was a fund for steel workers and families for the Homestead Relief Fund. From these and several other donations he gave over $350,695,653 to education and organizations. His corporation still gives about $100,000,000 for mostly education purposes.

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1016 Words | 5 Pages

Charity work was crucial to the captains, Carnegie especially felt that it was only right that he established means of educated the masses. In his speech in 1895 he mentioned, “ [Schools] It establishes something that will last for generations. It will educate the brain, the spiritual part of man” ( Wealth and Its Uses 31). It is seen

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639 Words | 3 Pages

Andrew Carnegie was born in 1835 in Dunfermline, Scotland, but immigrated to the United States in 1848 with his parents. Carnegie became wealthy through his venture in steel with his company Carnegie Steel Corporation. He sold the company in 1901 for $480 million to JP Morgan and decided to focus on his philanthropic work. Carnegie developed an ideology called the “Gospel of Wealth”, in which he stated that “those who accumulated money had an obligation to use it to promote the advancement of society”. Carnegie became famous for practicing what he preached, as he would fund public libraries and gave money to charities.

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327 Words | 2 Pages

Andrew Carnegie, one of the best businessmen in all of american history. Most consider Carnegie as a robber baron but I disagree. I say that Andrew Carnegie was in the place of a captain of industry. Carnegie was a captain of industry because he was the world's richest business man that came from a poor shoemaker house in scotland and once he sold away his massive company he turned to the people and became a philanthropists.

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In his early life, he didn’t have a lot of money. He was a story of rags to riches. Carnegie learned the value of hard work from his mother. He stopped going to school at the age of 13 because his mother made him and his brother move to America.

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780 Words | 4 Pages

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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677 Words | 3 Pages

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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338 Words | 2 Pages

Andrew Carnegie was one of the most famous and wealthiest American industrialist during the Industrial Age. He was a robber baron who made a fortune in the steel industry and applied vertical integration to his business. Carnegie contradicted his views as a robber baron because he supported, but destroyed many unions. This made many of his views unethical.

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835 Words | 4 Pages

The late nineteenth century was a pivotal moment in American history. During this time, the Industrial Revolution transformed the nation, railroads had dissipated all throughout the country, and economic classes began to form, separating the wealthy from the poor. One of the wealthiest men of this generation was Andrew Carnegie, a Scottish immigrant who fled to America to make millions off the railroad, oil and even steel businesses. Carnegie is considered one of the richest men in history, and even with all that wealth he decided to give back to the community. As a matter of fact, Carnegie donated most of his funds to charities, universities and libraries in his last few years.

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964 Words | 4 Pages

Towards the end of his life, unlike Carnegie & Rockefeller, he did not live in glamorous mansions. Even though he did was not exactly known for his philanthropic contributions, he did give one million dollars to build and endow the Vanderbilt University in Nashville,

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460 Words | 2 Pages

During the late 19th century, there was a growth in industrialization. This brought new opportunities for the poor and the rich. For example, Carnegie helped build the steel industry in Pittsburgh Pennsylvania, which made him one of the richest man in the world. As Carnegie gained more wealth, he questioned who money should be given to. Carnegie was both a Robber Baron and a Captain of Industry.

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454 Words | 2 Pages

Carnegie was not a hero, because a hero does a deed selflessly, but he thought a lot about himself. 184,400,000 dollars was spent on big-name corporations and associations that would honor him by naming a meaningful belonging after him (Doc C). Carnegie was a man who wanted to feed his ego but should have donated money to help the community, not make himself known.     Andrew Carnegie was not a true hero. Many may say, going from rags to riches makes Carnegie a hero.

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