Haley Farrell 8/7/14 AP U.S History Summer Assignment • Andrew Carnegie was an industrialist who influenced the enlargement of the American steel industry in the conclusion of the 19th century. In his era, he was one of the most well-known philanthropists who had also given most of his wealth to charities and foundations. Carnegie believed that those who are wealthy should distribute their riches to work towards amelioration of society and to reduce the gap between socioeconomic statuses, which he expressed in an article called “The Gospel of Wealth” in 1889. Andrew gained his fortune by investing in railroads and bridges in the 1860’s and then later became a bond salesman in which he worked to elevate American enterprise in European countries.
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 bumps into a man named Henry Bauman, who showed Carnegie how to make steel. By the early 1880s, Carnegie was the largest steel company in the United States, not because of himself, but because he removes himself of his day-to-day company and hires a man named Henry Frick. Carnegie’s steel factory was successful and rich, but he paid very little to his employees who would work hard hours, for practically nothing. He paid very little so he could remain rich. Another man known as a robber baron was James Buchanan
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.
The Scottish-born American industrialist and philanthropist Andrew Carnegie was one of the first captains of industry Leader of the American steel industry from 1873 to 1901, he disposed of his great fortune by endowing educational, cultural, scientific, and technological institutions. Andrew Carnegie made those characteristics of business enterprise and innovation that changed the United States from an agricultural and commercial nation to the greatest industrial nation in the world in a single generation between 1865 and 1901. The era has sometimes been called the age of robber barons. The entrepreneurs of the period not only built and modernized industry, but because they were technologically minded, they increased the productivity of
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.
Elijah Renner Mrs. Stacy Barton US History Honors 15 April 2024 The Pronounced Influence of Carnegie Steel in 19th-Century America In the turbulent landscape of late 19th-century America, Andrew Carnegie’s steel empire stood as a titan. The 19th-century lively American economy was characterized by rapid industrialization, with the emergence of dominant forces in various young industries. Following the Civil War, the hunger for steel surged, and Carnegie Steel met this demand head-on through cutting-edge methods like the Bessemer process. In relentless mass production of steel, Carnegie Steel ignited railroad expansion, while also catalyzing urban development.
Andrew Carnegie: Road to Wealth and Success Seen as a robber baron, Andrew Carnegie may have toll advantage of his loyal employees and his relentless competition, his personal intentions and innovations within the steel industry and his philanthropic distribution undeniably changed America’s society and views of education. In the early nineteenth century, American industrialist were gathering good ideas through Carnegie’s innovations and initiative. When Carnegie started out onto the road to success and wealth, from rags to riches and earned his big reputation that he brought among himself. For the successful people who misused their employees and competition were inevitably labeled as “robber barons,” i.e. John D. Rockefeller.
Andrew Carnegies decisions with his company, US Steel, helped him become one of the mos famous industrialists of his day. Andrew Carnegie had the ability to foresee how things could industrialize, which he used to his advantage to invest enormously in things that he saw with great potential. Carnegie also pushed for rights to help laborers unionize to help protect his laborers and to establish loyal workers that would help him succeed. Andrew Carnegie dedicated his time to the steel industry, starting a business from scratch helping him become a dominant force in the steel industry. Andrew Carnegies ability to foresee how things could be industrialized, his willingness to push for labor unions to protect his worker, and his dedication to
During the late 1800s, workers often worked long hours for little payment. Andrew Carnegie’s workers suffered no different, as according to historical statistics of the United States, in 1892 the average steel or iron worker made approximately $1.81 a day. While in correlation to this, they would work for an approximate 10.67 hours a day. These numbers in comparison to other types of industry are not extremely terrible, as according to this document, steel and iron workers had the second best wages of six opposing industries. However, in an additional note below the statistics, it is noted that Andrew Carnegie made an approximate $92,000 daily (Document I).
Was Andrew Carnegie a Hero During the late 19th century, Andrew Carnegie made an investment in the steel industry that profited into a fortune, but Carnegie’s earlier life didn’t include wealth. In fact, his family immigrated from Scotland to America in the mid 1800s in search for opportunities. After working tirelessly for many years, Andrew Carnegie became one of the most successful businessmen and philanthropists of all time. Although he accomplished many achievements in the Industry there are underlying reasons indicating that Carnegie was not a hero, such as, his wealth management, inconsiderate work conditions, and hypocrisy.
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.
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.
In not just the steel industry, the factory workers of the age were working to the exclusive benefit of the prime benefactor for the company. Painter writes “Thanks to efficient management and the scope of operations, Carnegie’s industrial empire made more than $40,000,000 in profits per year in the early 1890’s.” and that “When the contract between the amalgamated Association and the Homestead mill expired in June 1892, Carnegie was at his castle in Scotland and offered Frick a free hand.” (111-112) This passage suggests both that the industry was supremely profitable, but that a large part of the profits were going towards the industry’s prime benefactor, Andrew Carnegie.
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.
