Who Is Andrew Carnegie A Robber And A Baron

Can you be a robber and a baron? In the industrial revolution multiple people monopolize the product to gain power.

“Andrew Carnegie was born on November 25,1835.” He was a Scottish immigrant who could not read and came to the united states at the age of nine. Carnegie made his fortune in the steel industry. In 1870 he founded the Carnegie steel company a step which cemented his name as one of the “ captains of industry.” By the 1890’s the company was the largest and most profitable industry enterprise in the world. In 1892 the homestead strike in Homestead Pennsylvania pitted in one of the most powerful new corporation. Carnegie steel company against the nation's strongest trade union. Henry Clay Frick stepped up production demands and when

He was the son of a famer and boatman and later quit school at the age 11. In 1810 Vanderbilt purchased his first boat with money he borrowed from his parents. Vanderbilt made his fortune of more than 100 million by shipping goods on steamboat and railroad. At point in history he completely controlled all shipping of goods that moved throughout the east coast. Men such as Rockefeller and Carnegie had to go through Vanderbilt to move their steel and oil products across the land. Vanderbilt bit pioneered the construction of grand central train station in New York. At one point he “formed a company to transport passengers and goods from New York City, New Orléans to San Francisco.” He was able to charge hue sum of many to move product from the midwest to the east coast and amassed a fortune doing it. Vanderbilt was generally known to be a fair man and kept prices on shipping moderate. Cornelius Vanderbilt “quit the business only after his competitors whom he had nearly agreed to pay him 40,000 later rose to 56,000 a month to abandon his

“Morgan founded the banking company J.P Morgan.co, one of the leading financial firms in the country in 1871.” “ He was criticized for creating monopolies by making it difficult for only business to compete against his.” J.P Morgan controlled the lending money throughout the united states, at one point in 1907 known as the “Panic of 1907” a financial crisis almost led to a depression. Morgan took charge and the united states government was borrowing money from Morgan to keep our country government functioning. Morgan and his investors had financial interest in most big business in the united states. He eventually bought out Andrew Carnegie's steel industry and several other steel companies. Which later merged them and formed the U.S steel company. It had been said that he had bought the steel company because he is known to be a visionary and saw war was coming and right away knew the main thing they would need is steel for the machinery. “Morgan dominated two industries in particular he helped consolidate railroad industry in the east land and with the steel industry, with the first billion dollar