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Why Is Andrew Carnegie Considered A Captain Of Industry

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Andrew Carnegie was considered a captain of industry and a robber baron in my opinion. Carnegie was born on November 25, 1835 in Scotland. He was born in an attic of the family’s business in a weavers cottage. He was born in a very poor family. His family couldn’t afford for him to go to school, so he taught himself all the things he had to know with a little help of his family. Him and his family moved to the United States and settled close to some family members in Pittsburgh because there were lack of the business in Scotland. His family ended $7.50 extra for bills so he got his first job in a tactile industry as a worker, and earned $1.20 a week. At the age of 16 he was famous for being able to decode a dot-dot-dash, not that many people in the world are able to do that. At …show more content…

He was hired to manage the railroad up to a supervisor to the age of 24 making $8.00 a week, and he made $1,500 a year. Andrew Carnegie was a very wealthy man for a lot of different reasons. He was making more than an average 24 year old. What made Carnegie wealthy was in his steel industry. Carnegie was selling his steel in his own company. In 1872, when he was trying to get out of business he made a trip to England. He met Henry Bessemer. 20 years before Henry Bessemer developed a technique from converting iron into piers, stronger material. Carnegie stole that process and started his own steel business, he raised $700,000 in the investment capital. In twelve months while meeting with Bessemer his steel mill was under construction. And he acquired his 107 acres of land outside of Pittsburgh for his steel company. There were several step carnegie had to know about the steelmaking process. The first step to making steel is to get his worked to collect iron ore from his giant open-pit mines. The second way to transport the ore by rail and ore boat to a large blast furnace. The third thing you

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Andrew Carnegie was born in a small town of dunfermline, Scotland. He grew up in a average family. Andrew was a very hard worker because at the age of 12 he got his first job as a bobbin boy and he made $1.20 a week. After only a couple months after he moved to the country he saw himself moving up in the world. He got a job at the factory shortly after his first job and the factory paid him nearly double what he made before.

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His workers worked twelve hours a day, seven days a week for barely anything, and then he tried to implement a 30% pay reduction. While he sat and did nothing, earning millions, his workers worked tirelessly for hours upon hours and barely earned enough to survive. He was a Robber Baron in the sense that he took advantage of his workers. Andrew Carnegie was a Captain of Industry. He donated $9.5 billion dollars to charities, libraries

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Since it’s difficult to produce they only use it for the things that are small like spoons, forks, and jewelry. Carnegie wanted to create a bridge made out of steel. He would travel a lot to find the necessities to make a lot of steel. The railroads were going to replace the bridges and the rails would be made with steel. Carnegie wasn’t able to produce so much steel so he needed to evaluate extra funds.

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The free enterprise system offered Andrew Carnegie unrestricted industrial power, used by profit focused individuals like himself. Andrew Carnegie went on to become one of the wealthiest men of the 19th century. He came into the nicknames of "the steel magnate" and the "oil baron". Early on Carnegie had the strong characteristics of a successful entrepreneur. Carnegie had a ruthless financial and organizational skill and a great appetite for cost efficient production, and a keen eye for innovation.

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Did you know Andrew Carnegie earned $92,000 everyday while his workers earned a measly $1.50? Andrew Carnegie grew up poor. At twelve he left school and began working to help support his family. He worked 12 hour days for $1.20 a week at a textile mill. He then began delivering telegrams for $4 a week.

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Greed – the extreme, selfish desire to acquire what is beyond average necessities. Whether greed applies to wealth or power, mankind is prone to exemplify the cupidity. Humans may never become truly content with what they are given, allowing them to desire superfluous objects. The development of greed, as shown in repeated history, eventually leads to the ruination of characters, one particular character being Andrew Carnegie. Andrew Carnegie, the leader of the steel industry in the 19th century, epitomized the concept of greed by yearning for supplementary profits within his company; this greed greatly affected the lives of many, including Carnegie himself.

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735 Words | 3 Pages

Andrew Carnegie was born on November 25, 1835 to William Carnegie and Margaret Morrison Carnegie in Dunfermline, Scotland. Carnegie’s father was a linen weaver, but in 1847, steam- powered looms became popular in Dunfermline leaving many of the hand loom weavers unneeded. Margaret Carnegie stepped up to the plate to provide for the family by repairing shoes and opening a small grocery store. In 1848, Carnegie and his parents made the passage to America where they joined his mother’s sisters in Pittsburgh. Carnegie later wrote that he would learn what it was like to live in poverty and to watch his father beg for money.

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Andrew Carnegie was born in 1835 in Dunfermline, Scotland, but immigrated to the United States in 1848 with his parents. Carnegie became wealthy through his venture in steel with his company Carnegie Steel Corporation. He sold the company in 1901 for $480 million to JP Morgan and decided to focus on his philanthropic work. Carnegie developed an ideology called the “Gospel of Wealth”, in which he stated that “those who accumulated money had an obligation to use it to promote the advancement of society”. Carnegie became famous for practicing what he preached, as he would fund public libraries and gave money to charities.

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Overall, I thought that the term Robber Barron to describe Cornelius Vanderbilt was justified. For example, in the article Robber Barons or Captains of Industry, we learned that Vanderbilt was “one who either destroyed his enemies or extracted a ransom in return for leaving a market”. Basically, he was so competitive that he ran other business out of the market in order gain more wealth. Even though he helped the economy with building steamships and providing transportation of goods though the railroad systems he still was looked at in a negative way because of how competitive and ruthless he was. I thought that Andrew Carnegie was more like a captain of industry because he was more focused on bettering society as a whole rather than just

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“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.

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1551 Words | 7 Pages

Andrew Carnegie was born on November 25, 1835 in Scotland and died August 11, 1919 in Massachusetts. He was an American industrialist who led the expansion of the steel industry. During Carnegie’s childhood, an economic downturn resulted in his family moving to Pennsylvania. At age 14, Carnegie became a messenger in a telegraph office, where he eventually became the secretary and telegrapher of Thomas Scott, a superintendent of the Pennsylvania Railroad Company. In 1859, he rose above Scott as superintendent of the railroad’s Pittsburgh division.

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780 Words | 4 Pages

He worked himself up at the railroad job, but decided to move to New York City. He wanted to get out of business at this point, but when introduced to the Bessemer technique, he decided to get back into business. He developed the Bessemer process and made his fortune.

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1009 Words | 5 Pages

He later built the Carnegie steel company, also known as the U.S.S united states steel. He later made the Carnegie Steel Company the biggest Steel manufacturing company in the

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Andrew Carnegie was born November 25, 1835, in Dunfermline, Fife, Scotland. He had little formal education and grew up in a family that believed in the importance of books and learning. Carnegie grew up to be one of the wealthiest businessmen in America. http://www.biography.com/people/andrew-carnegie-9238756#synopsis Carnegie started work as a telegrapher and by the 1860s had investments in railroads, railroad sleeping cars, bridges and oil derricks. He accumulated further wealth as a bond salesman raising money for American enterprise in Europe.

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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.”

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