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Exploitation Of Industry Dbq

740 Words3 Pages

The context of Andrew Carnegie becoming a Caption of Industry is the industrial revolution. Industrialism is the expansion of factories and the mass production of manufactured goods. The Industrial Revolution of the early 1900s set the foundation for the rise of Andrew Carnegies steel. While some people think Carnegie is a Caption of Industry because he got to the top by going from rags to riches, his monopoly act, and being a good businessman, evidence suggests he is a Robber Barron because he would pay his workers such little amounts and would make them work many hours, he would also make it hard to compete against him. Andrew Carnegie is a questionable man; he went from living a very poor life as a child to being a billionaire. He …show more content…

He makes a profit off of this because the steel in September 1875 goes for $55 and he sells it for $65. Throughout the years that steel prices started going for less. Carnegie then realizes he's not making any profit, and he then starts his "Monopoly Act". Carnegie then realized that in order to make more profit he needed to set the prices higher than other companies. Once he does he strangles the competition for steel and is now getting more profit. In document 5 Crangie is still in his "Monopoly" This gets to the other companies that are trying to compete. Crnegies monopoly is called the "Vertical Monopoly", it controls the production process from raw materials to manufacture and sale of a finished product. Carnegie was known as a pioneer of business techniques. Documents 6 and 7 show how Crangie pays his workers and their hours. The workers will work 10 hours a day and only get $1.87 to take home to their families. They wanted to strike about it but there was no strike allowed in the steel mill. They would threaten the workers poorly and have them go home with less than $2 to provide for their families. These documents show that Andrew Carnegie was a Robber Barron and wouldn't treat his workers right and would fight for what he wanted. He would scam his customers and pay his workers poorly. On the other hand, he is a good

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