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.
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.
Andrew Carnegie Andrew Carnegie’s was one of the most successful businessmen during America’s Age of Industrialization in the 1880’s. After the Civil War, he saw a future in having a career in the iron industry, and later on, decided to invest in the steel industry (PBS). Though Carnegie is most known for his contribution in the steel industry, he took part in a few other businesses as well. However, the Gilded Age is an era full of poverty and corruption hidden underneath the prosperous, wealthy nation, and the working conditions within Carnegie Steel Company were not much better than those in other factories (Resetar).
The book “ANDREW CARNEGIE and the Rise of Big Business” written by Harold C. Libesay, explains Andrew Carnegies life with chronological events beginning how he and his family moved from Dumferline, Scotland in November of 1835. This books thesis is on how his skills and experienced he learned before starting Carnegie Steel intersect with each other and show how he dominated the steel industry. Carnegie’s industrial career is explained in depth how he acquired the knowledge on how businesses worked, as a manager capitalist then leading into a entrepreneur. The authors purpose I believe was to show not only Carnegies life leading to just Carnegie Steel, but also how determination and hard work can help you achieve success. This book on Andrew Carnegie explains well on in detail how Carnegie’s came to create his dominating steel industry empire.
At the age of 30 Carnegie started his interest in the steel industry. With his interest in the steel industry Carnegie had amassed business interest in the iron works industry. He had built the largest steel corporation in the world. After this his philanthropic business career had begun around 1870. Even though Carnegie supported myriad projects and causes he is best known for his gifts of free public libraries buildings.
Andrew Carnegie wa a scottish immigrant who came to the United States at age 9. Carnegie was a messenger boy and worked as a bobbin boy in a factory. Andrew also worked as the assistant to Thomas Scott, one of the railroads top officials. He buys a company and builds a sleeping car on a train. Andrew earned most of his fortune in the steel industry.
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.
Andrew Carnegie was one of the industrial leaders who produced most of the steel in the U.S. He could be considered a Captain of Industry due to the steel and the monetary contributions. Carnegie produced steel that helped the expansion of the U.S. Carnegie created the process of adding scrap metals to molten iron to molten iron making the production more efficient, and he also had vertical integration making the production more efficient. With these different methods of making production more efficient, the U.S. could expand and grow more easily with new railroads and buildings. This was a positive contribution to the U. S. Later in life, Carnegie donated 90% of his wealth to charities and projects.
During this time, Carnegie bought stock and made several other investments, but in 1873 Carnegie sold out his other interests and focused primarily on the steel business. Carnegie later created the Carnegie Steel Business. Carnegie’s success can be credited to hard work, qualified help and his attention to small details. Carnegie was able to benefit from the 1890’s great depression. While some were going bankrupt, Carnegie used his wisdom and was able to obtain more steel production corporations by buying coal and iron mines, warehouses, ships and railroads so that he could gain control of all parts of the steel process.
He later moved to the United States at a young age of 13, where he worked a multiple of railroad jobs. Through this experience, Carnegie learned the fundamentals of the business world and the railroad industry, in which he came to leave in 1865. By the following decade, the vast majority of Carnegie's time was committed to the steel industry, in which he later used to emerge his own steel company. His business got to be known as the Carnegie Steel Company, revolutionized steel production in the United States. Carnegie fabricated plants around the nation, utilizing innovations and methods that made manufacturing steel easier, quicker and more profitable.
Andrew Carnegie was born November 25 of 1835 in the small town of Dunfermline in the United Kingdom. Raised in an impoverished family his parents worked hard and finally decided to find a new start in Pittsburgh, Pennsylvania, an up and coming factory city. Working his way up from a meager factory worker to the superintendent of the superintendent of the Pennsylvania Railroad company in just 8 years, and then creating Carnegie Steel, which he would sell for $480 million was no easy feat. At least it was no easy feat, according to Carnegie’s personal testimony at his trial last week, where he was charged with reckless endangerment, hypocrisy, and greed; all of which make him a robber baron, rather then a captain of industry. Despite Carnegie’s
Andrew Carnegie was born on November 25, 1835 in Scotland and died August 11, 1919 in Massachusetts. He was an American industrialist who led the expansion of the steel industry. During Carnegie’s childhood, an economic downturn resulted in his family moving to Pennsylvania. At age 14, Carnegie became a messenger in a telegraph office, where he eventually became the secretary and telegrapher of Thomas Scott, a superintendent of the Pennsylvania Railroad Company. In 1859, he rose above Scott as superintendent of the railroad’s Pittsburgh division.
Despite the images of wealth and grandeur conjured by the name of Andrew Carnegie today, the man came from very humble beginnings. Born November 25, 1835, in Dunfermline, Scotland, Carnegie spent his childhood in poverty, working to bring in additional income just so his family could survive. In 1848, the family made the voyage across the Atlantic in search of a better life and better opportunity, which the astute Carnegie would soon find and take great advantage of, but first they had to get there. The family was so impoverished that they had to borrow money just to make the trip. The Carnegie’s eventually ended up in Pittsburgh, Pennsylvania.
Andrew Carnegie was a poor man growing up. He started with a house that cost 20 dollars to rent, and throughout his life, he had to work his way up the social ladder and eventually ended up living in mansions and castles. Carnegie used a business practice he invented called vertical integration, which lowered costs and effectively made better quality products. Carnegie was a well respected boss and provided equal pay for
Andrew Carnegie was born in Scotland in 1835 and immigrated with his family to Allegheny, Pennsylvania, when he was thirteen years old. Carnegie began to work right away and eventually built connections with the local telegraph company in Pittsburgh. This, along with his self-taught knowledge of telegraphy earned him a job as an assistant at the Pennsylvania Railroad. With the help of his boss, Thomas A. Scott, Carnegie was able to learn how to invest money successfully and then reinvest his profits. His investments were so successful that he was able to move into the iron and iron products industry, manufacturing components for bridges and railroad tracks.
