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Andrew Carnegie Steel Industry: A Case Study

617 Words3 Pages
Andrew Carnegie, the founder of Carnegie Steel Company, serves as one of the most controversial industrial figures. The justification of his actions that lead to his monopoly of the steel industry are highly debated. Despite the theory of social darwinism used to justify his decisions, Carnegie should be considered guilty for breaking the Sherman Antitrust Act of 1890 and authorizing the immoral lockout during the Homestead Strike. Carnegie should be accounted for breaking the Sherman Antitrust Act of 1890 According to Our Documents, Section Two of the Sherman Antitrust Act states, “Every person who shall monopolize, or attempt to monopolize,… any part of the trade or commerce… shall be deemed guilty of a misdemeanor.” Carnegie violated
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Once Carnegie had acquired the company, he declared that the process that was being used was efficient, and would save the company both time and money without compromising the quality of the steel, contrary to his prior rumors. Carnegie spread lies about a company that was prospering, and earning more profits than him, for the reason of hurting their business and acquiring their methods. This completely loathsome, deceitful business practices is nothing short of immoral, and depicts Carnegie as a robber

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They did not accept any competition and would go through great lengths to remain the main steel producers. This meant lowering production costs and paying lower wages. Their controversial decision to take down the AAISW (Amalgamated Association of Steel Workers) in 1892 led to the most horrific, catastrophic event in history. The workers were furious at getting lower wages and refused to work. Carnegie inconveniently leaves to his home in Scotland leaving Frick with all the trouble.

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Legal Brief for Andrew Carnegie As the prosecutor of Andrew Carnegie, I would like to state the reasons of why Carnegie should be found guilty of being a robber baron. Carnegie’s refusal to raise worker’s pay by 30% after the company’s profited have increased nearly sixty percent lead to one of the most serious strike in the United States history, the Homestead Strike. Carnegie was also a member of the South Fork Fishing and Hunting Club, which was blamed for the Johnstown flood that killed over two thousand people. Lastly, Carnegie was one of the many companies that utilized the vertical integration strategy which drove many smaller companies out of business with marketing tactics that were considered unlawful.

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196 Words | 1 Pages

1) Andrew Carnegie used vertical integration, controlling every step in the process of manufacturing a product, dominating the market. Vertical integration is when the company owns all means of distribution from beginning to end, this makes supplies more reliable and improved efficiency. It controlled the quality of the product at all stages of production. Horizontal integration was used by John D. Rockefeller and is an act of joining or consolidating with one’s competitors to create a monopoly. In Ohio in 1870 he organized the Standard Oil Company.

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394 Words | 2 Pages

After the Carnegie Steel Company refused to compromise with its workers on the new contract, which increased production demands and announced wage cuts, a violent conflict raged out and the workers went on a violent strike. The Homestead Strike was unsuccessful in its an attempt to unionize all iron and steel workers, but it brought attention to companies who abused power. The Amalgamated Association of Iron and Steel workers is a union attempting to unite all iron and steel workers and help compromise with the Carnegie Steel Company for an increase in wage with the new contract. The Carnegie Steel Company had just made major technological innovations in the 1880s with help from their new general manager Henry Clay Frick.

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1638 Words | 7 Pages

What’s funny about this is Andrew Carnegie was always fighting for laborers and was always trying to protect their rights but little did we know he was violating his own rules. Interesting. Cornelius Vanderbilt mistreated his workers and assigned them long hours(faqla.com, P.1). This is not a shocker to most people since Cornelius Vanderbilt was known to be a ruthless character who was very greedy, arrogant, and basically abused everyone. “Cornelius Vanderbilt made a fortune off the sweat of immigrant labor and by monopolizing pretty much all travel east of chicago.”

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386 Words | 2 Pages

The Homestead Strike In Homestead Pennsylvania, Andrew Carnegie, a Scottish man owned a steel plant. Carnegie had emigrated from Scotland as a young boy, and had had to work his way up the American work industry. He had a business partner named Henry Clay Frick who owned a coke manufacturing company. Carnegie and his friend had an individualistic opinion when it came to the matters of the workers union, and opposed any form of authority by anyone.

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During the Industrial Revolution big businesses took places of small workshops, increasing to quantity but not quality. This made many people lose their jobs, and now there was only one place to work the factories. Ahead of these factories were big business owners, some born into money others worked their way up to it like Andrew Carnegie. Work at these factories became unsafe and the pay was bad, they could only blame one person and that was the owners.

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677 Words | 3 Pages

The antitrust law was established around 1890 and it threatened Carnegie’s steel industry. Carnegie Steel took up most of the steel industry and the federal government thought that there wasn't fair computation for Carnegie's business. Also Carnegie's workers were paid very low wages, and had low job security being they made cheaper steel. Many of Carnegie’s workers went on strike in 1892 due to lower wages. Frick was warned by Carnegie that the strike could cause the plant to shut down.

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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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In this essay, I’ll be telling you my opinion on whether Andrew Carnegie was a hero or not. Andrew Carnegie, known as the king of steel, grew up poor, but became one of the richest and most successful business owner during the 1800s and 1900s. Much of the world regarded Carnegie as the most famous living American during his time. Andrew Carnegie was not a hero because he showed off his money, treated his workers poorly, and was selfish. First of all, Andrew Carnegie flashes his wealth.

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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

Was Cornelius Vanderbilt a Robber Baron or Captain of Industry? A cruel businessman or an industrious leader? Henry J. Raymond believed that Vanderbilt was “a monopolist that crushed other competitors”(T.J Stiles). While he is also deemed one of America’s leading businessmen, and is also credited for helping shape the United States. His fortunes were made unfairly in some cases but his million dollar contribution to the Navy was very generous.

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460 Words | 2 Pages

This is also known as the Homestead Strike. Carnegie then hired Pinkerton thugs to attack the workers. In the same excerpt, the author says, “he hired Pinkerton thugs to intimidate strikers. Many were killed in the conflict, and it was an episode that would forever hurt Carnegie's reputation and haunt the man.” He uses unfair ways to have a successful business through low wages, and using wealth to his

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454 Words | 2 Pages

Carnegie is not a hero because he took money, only gave to other wealthy recipients, and contributed largely to his own.     Andrew Carnegie took money away from deserving people. Carnegie cut the wages of his workers to donate money elsewhere. In document D, there are two images of Carnegie, one is giving a wage cut notice to the workers and the other is giving a check to Scotland and donating a library to Pittsburg. Carnegie’s employees were working hard and trying to survive in a tough economy, their wages did not deserve a cut.

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