Similarities Between Carnegie And Morgan

Carnegie, Rockefeller, Morgan. These are American icons that are everpresent in today’s society both for what these men were able to accomplish in their respected industries, but more importantly for their contributions to the betterment of society. “Many workmen were burned more or less severely...one man had steel come down directly on the head and back...the burned flesh dropped from his bones” (Lowly Worker) as they put him on a stretcher. These were the awful working conditions in factories during the 19th century. One man behind such brutal labor exploitation was Andrew Carnegie, a man who played a significant and prominent role in the construction of major cities in the United States, including New York. Carnegie participated in the

Andrew Carnegie, grew up in Scotland, and immigrated to Pittsburgh, Pennsylvania at a young age. His father was a handloomer, and worked long hours in order to provide for his family. When he arrived in America, he was determined to work hard for his money. One of Carnegie’s famous quotes was, “Put all your Eggs into one basket, and then watch that basket...For him that basket brimmed with steel” (Blessed Barons). Carnegie was super competitive, and he would acquire a competitor's plant in order to gain greater control over the market and increase his production capabilities. Once successful he would take his, “new plant to erect a more modern one” (Blessed Barons), this ultimately led him to put his idea of “forced-air steel” into these plants. Steel became a booming product of the industry thanks to Carnegie. It eventually led him to make the cost of steel go down. In 1875, a cost for a ton of steel was $160; however by 1900 a steel ton was worth $17. This ultimately led Carnegie to provide for many American cities, towns, and factories. However, towards the end of his life, he sold his steel company to J.P Morgan, then tried doing good deeds to the society. Carnegie made 2,800 free libraries, and “at his death disbursed his entire $350 million fortune”(Blessed Barons). Although Carnegie did wonderful things, after J.P Morgan bought Carnegie's steel company, he did some great things. Morgan, came from a smart family, and had an “appetite for bosomy women, enormous yachts, and exquisite art was legendary” (Blessed Barons) to him. When Morgan took over the steel company from Carnegie, he eventually made it the first billion-dollar corporation in America ever. During 1907, Wall Street became very dismayed. Morgan helped the United States from going under financially by “mobilizing the city’s bankers in his solemnly ornate library and got them to commit money to rescue