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The industrial revolution
The industrial revolution
The industrial revolution in the usa
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The industrial revolution
The industrial revolution
The industrial revolution in the usa
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Recommended: The industrial revolution
You might be wondering how someone of Carnegie’s background became so successful; it was not, opposite to what some might believe, because he worked rightfully. As a starting note, Andrew Carnegie attempted to control as much of the steel industry as possible by using “vertical integration”, a method that resulted in him buying out his suppliers (coal fields, iron mines, ore freighters, and rail lines) in order to control materials and transportation. This later meant that his cost of production would decrease exponentially and he would be able to produce a greater quantity of steel for a much lower price as he now owned all the necessary equipment to make high-quality steel.
Andrew Carnegie was a Scottish industrialist who led the expansion of the steel industry back in the 19th century and is known as one of the richest men. One reason that Andrew Carnegie
An immigrant from Scotland who turned into an American millionaire. Adjusted in 2014s economy, Carnegie would have been worth three-hundred and seventy-two billion dollars. Carnegie was extremely rich due to his ownership and monopoly he had on American steel in Pittsburgh, Pennsylvania. This made Carnegie someone who worried about the U.S. economy quite often, leading him to write his essay about the Philippines. Carnegie wrote Distant Possessions after the United States had fought in the Spanish-American and Philippine-American war with the knowledge that America was more than likely going to decide what the fate of the Philippines was going to be.
“ The Philanthropy of Andrew Carnegie” was written in the second half of the 19th century. During this time railroads, oil, flour, and tobacco were being introduced. Nothing was more successful as the steel industry that Andrew Carnegie introduced. Andrew Carnegie is known as being a “hero” to many people during this time of period. Carnegie has courage, concern for others, and charisma.
Andrew Carnegie: Road to Wealth and Success Seen as a robber baron, Andrew Carnegie may have toll advantage of his loyal employees and his relentless competition, his personal intentions and innovations within the steel industry and his philanthropic distribution undeniably changed America’s society and views of education. In the early nineteenth century, American industrialist were gathering good ideas through Carnegie’s innovations and initiative. When Carnegie started out onto the road to success and wealth, from rags to riches and earned his big reputation that he brought among himself. For the successful people who misused their employees and competition were inevitably labeled as “robber barons,” i.e. John D. Rockefeller.
Andrew Carnegie gave a large amount of his money to people all around the world, so he was more on the side of ¨earn and give.¨ He was charitable to the community, contributed to society, and built libraries around the world. Andrew Carnegie was very charitable to the community. For instance, he gave 360 million dollars to charities all around the world. Carnegie helped peopleś education by building universities accessible to all people during the ¨Great Depression.¨ During the late 1800s many people got sick and were injured, so Carnegie built a system of hospitals.
Andrew Carnegies decisions with his company, US Steel, helped him become one of the mos famous industrialists of his day. Andrew Carnegie had the ability to foresee how things could industrialize, which he used to his advantage to invest enormously in things that he saw with great potential. Carnegie also pushed for rights to help laborers unionize to help protect his laborers and to establish loyal workers that would help him succeed. Andrew Carnegie dedicated his time to the steel industry, starting a business from scratch helping him become a dominant force in the steel industry. Andrew Carnegies ability to foresee how things could be industrialized, his willingness to push for labor unions to protect his worker, and his dedication to
Carnegie was without a doubt a beneficent man. Not having any desire to kick the bucket with a crazy measure of cash, Carnegie chose to help general society. He was exceptionally contributing individual from society and gave away as much cash conceivable. " There stays, then, just a single method of utilizing incredible fortunes; … The obligation of the man of riches (is to) set a case of unobtrusive … living … ; and … to consider every surplus income … as trust assets … to create the most useful consequences of the group - the man of riches in this way turning into the … operator for his poorer brethren, conveying to their administration his prevalent astuteness, experience, and capacity to direct; showing improvement over they would or could accomplish for themselves… " (Document 8) says Carnegie.
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
Andrew Carnegie Once, there was a man to have the largest personal fortune in the world. He helped improve mankind by donating millions of his fortune to charity. This mastermind was named Andrew Carnegie, an industrial monopolizer who used steel to gain his massive fortune. Andrew Carnegie was born November 25, 1835 in Dunfermline, Scotland.
First of all, he was a major pioneer in the steel industry and created one of the most successful steel companies of all time. Carnegie also played a lead role in recognizing the workers’ right to strike, as long as peaceful action is conducted. In addition to this, Carnegie disapproved of pools made by companies solely in order to raise prices and make more money. Second of all, Carnegie impacted the lives of so many with his work in philanthropy. He funded numerous libraries all across the U.S. and even in Europe, meriting him the title “Patron Saint of Libraries”.
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.
Andrew Carnegie was born in Scotland in 1835, and he immigrated to the United States in 1848 settling in Alleghany, Pennsylvania. Carnegie is known for building a steel empire and becoming the richest man in the world. Additionally, Carnegie is renowned for the impact that his philanthropy had on the late 19th century, the 20Th century, and the present day. Through the various foundations affiliated with his name, his impact is felt in the medical field, political arena, and in education (Andrew Carnegie: Pioneer. Visionary.
The fortune of Andrew Carnegie can be difficult to comprehend. Its growth was rapid, rising and endless. This kind of fortune seems desirable to many men, so naturally his success has been tried to replicate. But because the accumulation of wealth is so complex because of an ever-changing market results are varied. Experts today still cannot come to a consensus on what allowed a man with next to nothing could gain such wealth.
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.