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Why Is Andrew Carnegie Important

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One of the richest men of all time, Andrew Carnegie was a poor immigrant from Scotland whose family traveled the Atlantic when he was just a boy and settled in Pittsburgh, Pennsylvania. He ended up becoming worth more than $320 billion dollars although he donated 90% of his wealth to charity by his death. Carnegie has several towns named after him, and the music hall in New York City, among many other things. Andrew also had a dinosaur named after him, when he sponsored the expedition that found the creature. At a young age Andrew Carnegie was employed as a telegraph messenger boy with the Ohio Telegraph Company earning $2.50 a week. Quickly he became proficient at his job and within the year he became a telegraph operator. Later in 1853 …show more content…

The next year the farm gave over $1,000,000 in cash dividends. With this money, along with the help of others, started a steel rolling mill. This was his first venture into the steel industry. Once the civil war ended, he left the railroad business and went full time into the steel industry. He was still close to Thomas Scotts and with his help acquired the contracts for the Keystone Bridge Company. While being a great businessman he was also a great philanthropist. At one time Carnegie could be quoted as saying, “I propose to take an income of no greater than $50,000 per year.” Andrew believed in giving a great deal of his wealth to charity and gave most of it away before his death. Carnegie had achieved the majority of his wealth through the steel industry. He controlled the most extensive steel operations ever owned by one individual within the United States. Andrew Carnegie also adopted the Bessemer process in the steel industry. These achievements shaped all of America as we know it. Carnegie helped to expand the rail road industry with steel rails, buildings could be built higher and bigger, and bridges could be constructed that would span further distances and could hold more weight. Carnegie became one of the largest steel manufacturers in the

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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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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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1389 Words | 6 Pages

He eventually learned new ways to produce steel at a rapid pace, beginning his industry in steel. Later in his life he became a philanthropist,believing that dying a man not giving to the community was unacceptable. Andrew Carnegie’s contribution impacted the community and changed the steel industry

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The next year he got a job as a telegraph operator. And then started working on the railroads in Pennsylvania. After three years of working on the railroad, Carnegie was promoted to superintendent. As he worked, he made many wise investments,

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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.

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In 1848, he moved to the United States and lived in Allegheny Pennsylvania where he got a job in a textile mill, only making $1.20 a week. He only worked there for about a year and then moved on to being a telegraph messenger, then to a telegraph operator. Later,

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424 Words | 2 Pages

Andrew Carnegie was known as one of the most influential men of the late nineteenth century. He was known for moving along the industrial revolution and giving back to the people. Although he grew up with some hardships, he still was able to grow up and become one of the richest people in the world. Once he had a handle on the industry he built he reduced production and selling costs. He sold his company and donated his money to the people.

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“You cannot push anyone up the ladder unless he be willing to climb a little himself.” Andrew Carnegie said this meaning that you cannot force someone to become successful unless they are willing to become successful themselves. Andrew Carnegie lived this quote out by always trying to succeed in all of his businesses, not waiting for someone to help him and succeed for him. Andrew Carnegie impacted society by apart of different companies, being apart of the steel industry, and his life accomplishments or even the money he would give to charity. Carnegie’s accomplished many things in life and lost many things, Carnegie was born to a handloom weaver in Dunfermline Scotland, on November 25, 1835.

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Andrew Carnegie lived a very poor childhood but he managed to create the biggest company in the United States during the 1800’s. Andrew Carnegie donated millions of dollars to the public when he got older such as the education system, Scotland –his home country–, and Pittsburgh –The city that he lived in before he died–. Andrew Carnegie as he got older realized that he didn’t want to die to be rich because “The man who dies rich dies disgraced”(1). Andrew Carnegie after his realization he started to give his money away. Carnegie gave away around three hundred fifty million dollars to multiple foundations or places he was involved in such as Dunfermline trust –his hometown– and the Carnegie institution which promotes scientific research.

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In today's world steel is used for many things such as Agriculture, Healthcare, Food service, Energy, Construction, Packaging, Automotive, Consumer goods, Technology, and Transportation. It's really strong and reliable. It's also relatively cheap to. In conclusion, carnegie ma a lot of money in the iron and donated a lot of money to libraries. He was an incredible

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The Civil War created an increase in demand, and therefore price, of iron products. Carnegie saw an opportunity and left the railroad for the emerging steel industry. He began a company with some investors, including Scott of the Pennsylvania Railroad, building iron bridges to replace the old wooden models. This eventually developed into the Keystone Bridge Company. Keystone Bridge Company also built bridges but Carnegie expanded into making the iron pieces as well.

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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.

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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.

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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.

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835 Words | 4 Pages

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.

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