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Andrew Carnegie's impact on America's industrial revolution
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Andrew Carnegie's impact on America's industrial revolution
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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.
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
He was already elderly and had a contempt for the law. He was used to getting his way and the addition of more wealth only made his self important attitude worse. He was universally an unemphatic individual placing the acquisition of wealth far above any other individual. Andrew Carnegie, the steel baron, was a Scottish immigrant who worked his way to the top. He was the master of Vertical Integration, owning all aspects of his industry from mining to selling the product.
The distribution of wealth has always been a conflict of interest between those in an industrial society. Many times, we find the all the poor being grouped as oppressed, and all the rich being grouped as oppressive. But this is not the most accurate way of thinking. We see Andrew Carnegie as part of the rich being grouped as oppressive, or a villain. Given the fact that he saw his success in the height of the American Era of Industrialization, Carnegie got a lot of backlash for the issues surrounding the poor that worked for him.
During the late 1800’s, early 1900’s America began the famous industrial race to success. At the head of the race, yearning for success, was Andrew Carnegie. Scotland born in 1835, Carnegie moved to the United States with nothing but soon grew with prosperous steps, speeding his way to the top as a profitable business man through the steel industry. His path to success may be filled with some hardship of distrust and mishaps with money hungry co-workers, but in the end he created, with his infinite wealth, enormous amounts of buildings and educational centers to benefit mankind in the long run. This is a deed of a kind man.
In 1848 Carnegie left scotland for a new life in the United States.(background 2). What make Andrew Carnegie a hero?what made him a hero, was that he developed successful business practices, gave money to many organizations, and had good employee relations. Andrew Carnegie used his numerous good ideas and strategies to become a successful businessman and make the world a better place.. Andrew Carnegie has three modes on those three modes in which surplus wealth can be disposed of. One of the modes
:Not many people get the opportunity to significantly shift America’s ways of life with empty hands. Andrew Carnegie was a diligent man who pulled himself up to success, having nothing to offer, but his fascination with the steel industry of America. His vertical monopoly in America’s steel industry helped economically. He gained a fortune and did many great works as a philanthropist. One could say Andrew Carnegie’s righteous acts outweighed his unrighteous acts, but unfortunately, he did not stay true to his proclaimed duty as a man of wealth.
Imagine being the richest person in America & giving away money to people in need. Sounds like a nice thing to do, doesn’t it? This was the case for multi-millionaire, Andrew Carnegie. Carnegie grew up in Dunfermline, Scotland and moved along with his family to the United States in the late 1800s. He worked his way from being a poor Irish immigrant to become one of the most popular and successful industrialists that helped change the US steel industry in the late 1900s.
Andrew Carnegie was the second richest man in the world at the time he wrote “The Gospel of Wealth”. Carnegie stated that the rich have been blessed and “should be thankful for one inestimable boon” he went on to talk about the power this gives the wealthy to better the communities present lives and the generations to come. Carnegie said that living like Christ is not what we should do but instead we should live by His Spirit because times have changed drastically. Carnegie thought that spending large amounts on extravagant things was an abuse of wealth. He believed that living modestly and simpler was a healthier lifestyle.
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.
Introduction Andrew Carnegie was a man who started from nothing and worked his way up to be one of the most important men in America’s history; a man who helped shape America. From a boy born into a modest life, to a man who industrialized the steel industry and made millions, he is a textbook example of a rags-to-riches story. Being one of the most important people of his time, he created a steel powerhouse and brought America and the world to new standards. Even with all the obstacles and mistakes, he became such and gained a mass fortune, remaining one of the wealthiest men to have lived.
The Philanthropy of Andrew Carnegie Made Him a Hero “Surplus wealth is a sacred trust which its possessor is bound to administer in his lifetime for the good of the community.” Andrew Carnegie believes that if you are fortunate enough to make a lot of money you should also be smart enough to give it back to your community and peers. Carnegie was a self-made man who was born in an attic of a little cottage in Scotland. When Carnegie was twelve he and his family packed up and moved to Pittsburgh.
In the article “Wealth” Carnegie states “The duty of the man of wealth (is to) set an example of modest living; and to consider all surplus revenues… as trust funds to produce the most beneficial results for the community.” This shows the reader that he thought everyone should help people out. He also said that you shouldn’t show affection with money. Overall the message he sent was that it is what you do with your money that matters not just the fact that you have lots of it. Andrew Carnegie carried the trait of concern for others and that made him heroic.
In today’s society the term “rags to riches” is heavily overused, someone can strike it rich in the stock market or the lottery and earn the term. However, a few key figures in history have actually lived a “rags to riches” life. Andrew Carnegie is one such man.
The late nineteenth century was a pivotal moment in American history. During this time, the Industrial Revolution transformed the nation, railroads had dissipated all throughout the country, and economic classes began to form, separating the wealthy from the poor. One of the wealthiest men of this generation was Andrew Carnegie, a Scottish immigrant who fled to America to make millions off the railroad, oil and even steel businesses. Carnegie is considered one of the richest men in history, and even with all that wealth he decided to give back to the community. As a matter of fact, Carnegie donated most of his funds to charities, universities and libraries in his last few years.