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Wealth And The Carnegie Steel In The Progressive Era
206 Words1 Pages
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How Did Andrew Carnegie Contribute To Capitalism
2102 Words | 9 Pages
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.
How Was Rockefeller A Captain Of Industry
823 Words | 4 Pages
He also built up many cities out of steel; but Andrew Carnegie was more of a Robber Baron. Carnegie horribly mistreated his workers by giving them very long days and very low pay. Carnegie steel was a very rich company but Carnegie couldn’t even give his workers and average pay. Also, Carnegie was a not brave at all, while his company was not going well, instead of working to make it better, he camped out in Scotland and let his chairman Henry Frick do all the work. All in all, Carnegie was more a Robber Baron more than a Captain of
How Did Andrew Carnegie Led The Growth Of The Steel Industry
369 Words | 2 Pages
Andrew Carnegie was an industrialist, business mogul, and a philanthropist who led the growth of the American steel industry. Born to a poor Scottish family, Carnegie later grew up and began working in the steel industry and worked his way up from there. Carnegie worked at the Pennsylvania Railroad in 1853 as the assistant and telegrapher to Thomas Scott, one of the railroad's top officials. Three years later, he was promoted to superintendent and began making investments. He spent most of his earnings on Pittsburgh; building libraries, museums, a university and a concert hall.
Summary Of Andrew Carnegie's Wealth
1191 Words | 5 Pages
During the Gilded Age, Andrew Carnegie became a wealthy man due to his control over the manufacturing and distribution of steel. The Carnegie Steel Company and its use of vertical and horizontal integration allowed Carnegie to control the production and distribution of his steel, which made him into a wealthy industrialist (The New Tycoons 2014). In his article “Wealth”, Andrew Carnegie argues for the wealthy to give back their wealth to the community by providing “public institutions of various kinds … [to] improve the general condition of the people” (Foner 30). He uses this article to promote his Gospel of Wealth idea and provide his interpretation of the changing American society. Carnegie’s Gospel of Wealth stated that “those who accumulated
Why Is Andrew Carnegie Important In The Late 19th And Early 20th Century
560 Words | 3 Pages
Wealth and Power in the Late 19th and Early 20th Centuries The lifestyles of the rich in the late 19th and early 20th centuries illustrate that money is earned through hard work, determination, and benevolence. Such wealthy men as Andrew Carnegie prove that personal affluence could benefit the community. The man was a captain of industry and without the likes of him; the country could not be a high industrial power as it is today. Carnegie was born in a one-room cottage in Scotland, but his perseverance, acumen, and contribution to the steel industry made him a notable philanthropist and one of the wealthiest Americans.
Andrew Carnegie And The Rise Of Big Business Summary
477 Words | 2 Pages
Harold C. Livesay writes a great tell-all biography of the life of the great Steel head Andrew Carnegie. In Andrew Carnegie and the Rise of Big Business, Livesay writes about the life of Carnegie and the hardships that he had to endure in his early life and how the hardships molded him into the wealthiest man on the planet in his era. Livesay leaves the reader with a sense of what it takes for any man to achieve anything in this world if they just put their mind to it. Livesay shows all of this by showing us from the beginning when Andrew Carnegie and his family came over to the United States in search of the “American Dream”.
How Did Andrew Carnegie's View Of Wealth
217 Words | 1 Pages
Andrew Carnegie created the worlds largest and most profitable steel company making him one of the wealthiest men in the world. Carnegie believed that certain people had the ability do certain things and you must overcome obstacles to do the impossible. Meaning if you have the money and means you are more fit than others. He justified his wealth as benefiting society and promoting civilization.
Andrew Carnegie Dbq
511 Words | 3 Pages
“What if the proper mode of administering wealth after the laws (of survival of the fittest) upon which civilization have thrown it into the hands of the few?” (Doc. B - Andrew Carnegie) Andrew Carnegie was a Scottish-American, self-made entrepreneur who from the age of 24 was motivated and well to do. He was, from the start, always trying to find ways to make money. Finally, he found out a way to make steel that was stronger, more durable, and cheaper.
Who Was Andrew Carnegie An Entrepreneur
677 Words | 3 Pages
Andrew Carnegie, born 1835, was an industrialist and philanthropist who soon became an influential entrepreneur. In 1848, he and his family immigrated to the United States from Scotland with little to no money in their pockets. They settled in Pennsylvania where he later worked as a secretary and telegraph operator at the Pennsylvania Railroad Company. From there, Carnegie slowly moved his way up the social ladder and became superintendent of the Pittsburgh Division of Pennsylvania Railroad. Andrew Carnegie is an entrepreneur because he saw an opportunity to create and run a business, despite the risk and responsibility he would have to assume.
Andrew Carnegie's Philanthropism
1149 Words | 5 Pages
Andrew Carnegie, a Scottish immigrant, industrialist, and philanthropist, amassed one of the largest fortunes in history, and revolutionized the American steel industry. Carnegie incorporated the Bessemer Process to manufacture steel while, utilizing vertical integration, and monopolization to establish his position in the global steel market. However, to create his steel empire Carnegie mistreated his workers, by providing them low salaries and long hours. Some say that Carnegie’s maltreatment of workers diminished his accomplishments, but his achievements in the steel industry and his philanthropism place him as one of the most successful Americans in history. Andrew Carnegie, was born November 25, 1835 in Dunfermline, Scotland, son of
Andrew Carnegie Is Not A Hero Essay
543 Words | 3 Pages
Andrew Carnegie was not a hero but a business men trying to escape the small life he grew up in .Andrew Carnegie was one of the most know persons of the late nineteenth century and was a key component in moving along the industrial revolution of America, refining steel to higher quality and lowering prices. One of a few huge businessmen with monopolies on their respective business along with J. P. Morgan and the Rockefellers. He came up from a poor cottage from Scotland to become they owner of a large portion of the world’s steel industry. Once he had a handle on the industry he continually reduced both production and selling costs and nearing the end of his life he sold the company and created an institution dedicated to donating his money to
Analysis Of Andrew Carnegie's Gospel Of Wealth
810 Words | 4 Pages
When the question of what to do with our wealth is raised to us at the end of our lives we read Andrew Carnegies "Gospel of Wealth." Andrew Carnegie argues that there are only three ways in which one can pass on their wealth. Of these three different ways Andrew Carnegie argues that the way to pass down wealth that is most beneficial to society is when it is administered during the lives of the possessors. I agree with the basis of Carnegie denouncing passing on wealth from father to son, and when the possessors of wealth pass away. Also I agree with the notion that Carnegie believes the only effective way to pass on wealth is within the possessors lifetime.
Why Is Andrew Carnegie Important
714 Words | 3 Pages
Andrew Carnegie, A man of many talents, that never gave up, and always strived for perfection. When you think of the economy and how far along it has came since 50 years ago one name should come to mind, Andrew Carnegie . He was the top person when it came to steel and made a lot of money doing it. Andrew Carnegie, played an important role in United States history, which brought about an exponential change in the United States “Carnegie was born on November 25, 1835, in the small Scottish town of Dunfermline, near Edinburgh. His father, William, had been a successful weaver and moved to Dunfermline from a tiny settlement in order to be closer to the center of trade.”
Andrew Carnegie Biography Essay
630 Words | 3 Pages
Known as one of the men who built America. This self made steel tycoon was one of the richest men in America during the 19th century. Andrew Carnegie is known as the father of the American steel industry. Owning Carnegie Steel Company he was able to produce steel faster, stronger, and cheaper than any other company in the world.
Should Andrew Carnegie Be Considered A Hero?
704 Words | 3 Pages
Andrew Carnegie Essay Andrew Carnegie grew up poor, Carnegie believed he can become successful, therefore Carnegie struggled and became a multi billionaire making steel in the late 1800’s he made steel very cheap for everyone, he had done some bad things throughout his career as an entrepreneur but Carnegie brought his name back up and was looked up to, Carnegie was self motivated and hardworking. Many people consider Carnegie as a great hero and many did not see him as a hero. I believe that Andrew Carnegie was a hero because he really helped out a lot of people by just making steel cheaper, that allowed things like bridges,buildings,and railroads cheaper to build. Carnegie also gave a lot of his money to libraries and educational foundations. Andrew Carnegie should be considered a hero because he helped others, motivated to help others, and took risks to help others.
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