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Keystone Bridge Analysis

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The Civil War caused a boom in the iron industry in which Carnegie took notice and at the same time, he went to work in Altoona, Pennsylvania where the Pennsylvania Railroad company was converting a wooden railroad bridge into stronger iron. Main reason for the drastic increase was transportation. These two components lead Carnegie to take his first major step as an entrepreneur. Carnegie organized together the designer of the bridge in Altoona as well as two business partners and his good friend Thomas Scott to develop the Keystone Bridge Company, with the intention of replacing wooden bridges in Pennsylvania with stronger and more modern iron. First task for Carnegie and his partners was to construct a railway bridge with a span of three …show more content…

Later on he becomes interested with Thomas N. Miller, Henry Phipps, and Andrew Kloman. Millar joins Carnegie and his partners in the steel business. It was determined that he pay eight hundred dollars for a one-sixth interest, in November, 1861. Carnegie saw miller as a great asset to his growing company. Unfortunately Tom Millar died before Carnegie Steel became what we know it as today. In 1864 Carnegie turned his attention to oil. He takes a trip with Mr. William Coleman to the wells of Pennsylvania. With his investments in the oil business Carnegie made some serious money. With the oil money Carnegie and his partner Harry Phipps visited most of the capitals in Europe. Because of this visit Carnegie learned about painting, sculpture, and music. Later on Carnegie started bettering the developments of iron and steel. He recognizes that America in the past had been dependent on European countries for its steel. Therefore wanted to satisfy the people who demanded a home supply. He also knew that the American people did not want the pay the tariffs implemented by President Cleveland that came with overseas items. Carnegie even went to Washington to modify the Wilson bill. Carnegie was not alone in his disapproval pf the Wilson bill. In fact Senator Gorman, Democratic leader of the Senate, Governor Flower of New York, and a number of the ablest Democrats also shared his views on it. They all believed the Wilson bill to be unnecessarily severe and certain to cripple some of the domestic

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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.

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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.

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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.

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Without the wealthy, industrial tycoons of the late 19th century, how would The United States of America differ today? The oil, steel, mining, shipping, railroad and many other industries have contributed a vital role to how America works today. Andrew Carnegie, John Davison Rockefeller, Cornelius Vanderbilt, and J.P. Morgan were only a few of the money-hungry titans of America’s industrial beginnings, who contributed to the start up of a major industry-based time period. Scottish-American industrialist Andrew Carnegie founded and led the Carnegie Steel Company in the 1870’s, a major breakthrough for the steel industry. Andrew conducted the major expansion of the steel economy in the 19th century and has been identified as one of America’s richest for decades.

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These successful businessmen also stole each other's businesses. Rockefeller purchased a steel mine out from under Andrew Carnegie, the leader in steel. John P. Morgan purchased Carnegie's business completely for four hundred eighty million dollars in 1901, changing the name to U.S. Steel. The men who built America used their mass amounts of money to get what they wanted done, done. For

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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.

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Trying to give others the opportunity to young people to be just as successful in life as Andrew. The way he looked at money in the 1870’s is helping others even after his death. Andrew Carnegie was a money hungry man. Having a share in government affairs and underpaying his employees. All just help him get ahead of the other competition.

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They also needed a lot of steel to make the rails and trains, which benefited Carnegie a lot. Prior to the building of railroads in the USA, starting in the 1830’a with the Baltimore and Ohio Railway, things like clothes, food, letters, livestock could take months, and in some cases, even a year to get form the East coast to the West coast or vice versa. However, after people

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Skyscrapers took the United States by storm, giving our country a new modern look, compared to those of old farm lands. Steel became a cash cow, and Andrew Carnegie had the right idea. He cut out the middle men, through vertical integration, which is having your own supplier, transportation and stores. He quickly became one of the worlds first billionaires. Andrew Carnegie sent the big business fever into full effect.

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Allegheny Bessemer Steel had came up with new technology that would actually help the railroads, but Carnegie didn’t like the idea of another company being bigger than his so he sent out a fake letter to the railroad companies (Doc H). Later, the Allegheny Steel Company went out of business giving Carnegie power again. In Doc. G an article published by Harold C. Livesay states that Carnegie was indeed competing with other companies. He asked his friend, Frank Doubleday how much money he was making and then suggested he get out of it because it wasn’t a lot.

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