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The philanthropy of andrew carnegie did it make him a hero essay
The philanthropy of carnegie: did it make him a hero
The philanthropy of andrew carnegie: did it make him a hero
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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.
The book “ANDREW CARNEGIE and the Rise of Big Business” written by Harold C. Libesay, explains Andrew Carnegies life with chronological events beginning how he and his family moved from Dumferline, Scotland in November of 1835. This books thesis is on how his skills and experienced he learned before starting Carnegie Steel intersect with each other and show how he dominated the steel industry. Carnegie’s industrial career is explained in depth how he acquired the knowledge on how businesses worked, as a manager capitalist then leading into a entrepreneur. The authors purpose I believe was to show not only Carnegies life leading to just Carnegie Steel, but also how determination and hard work can help you achieve success. This book on Andrew Carnegie explains well on in detail how Carnegie’s came to create his dominating steel industry empire.
He also built up many cities out of steel; but Andrew Carnegie was more of a Robber Baron. Carnegie horribly mistreated his workers by giving them very long days and very low pay. Carnegie steel was a very rich company but Carnegie couldn’t even give his workers and average pay. Also, Carnegie was a not brave at all, while his company was not going well, instead of working to make it better, he camped out in Scotland and let his chairman Henry Frick do all the work. All in all, Carnegie was more a Robber Baron more than a Captain of
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
Carnegie dominated his industry inside and out. He owned everything from the production of the raw materials, the manufacturing of the products, the transportations of the products, and even the sales to the consumers. This allowed him to cut his losses and gain as much of a product as possible. Eventually, Carnegie was able to buy out competing companies and, in effect, soar to unfathomable economic heights. After becoming such an industrial "power house," Carnegie found himself associated with unfit terms like 'monopoly' and "Robber Baron."
During this time, Carnegie bought stock and made several other investments, but in 1873 Carnegie sold out his other interests and focused primarily on the steel business. Carnegie later created the Carnegie Steel Business. Carnegie’s success can be credited to hard work, qualified help and his attention to small details. Carnegie was able to benefit from the 1890’s great depression. While some were going bankrupt, Carnegie used his wisdom and was able to obtain more steel production corporations by buying coal and iron mines, warehouses, ships and railroads so that he could gain control of all parts of the steel process.
He later moved to the United States at a young age of 13, where he worked a multiple of railroad jobs. Through this experience, Carnegie learned the fundamentals of the business world and the railroad industry, in which he came to leave in 1865. By the following decade, the vast majority of Carnegie's time was committed to the steel industry, in which he later used to emerge his own steel company. His business got to be known as the Carnegie Steel Company, revolutionized steel production in the United States. Carnegie fabricated plants around the nation, utilizing innovations and methods that made manufacturing steel easier, quicker and more profitable.
Andrew Carnegie, a Scottish American leader was best known for his steel and production and philanthropy also know as to some as a robber baron and to other as a “captain industry,” Carnegie founded the Carnegie Steel in the Progressive Era. His company led to him learning about the lives of the workers and to see how life really worked for them. He began his essay “Wealth” by describing the problems of generosity by the rich men of the upper class. Carnegie wanted the wealthy men to comprehend how to be philanthropy and reconstruct their surplus means in a responsible and thoughtful manner.
As cities grew, the demand for steel and iron increased. Carnegie used steel to improve the life expectancy of bridges and railroads because of Carnegie thousands of pounds of
Wealth and Power in the Late 19th and Early 20th Centuries The lifestyles of the rich in the late 19th and early 20th centuries illustrate that money is earned through hard work, determination, and benevolence. Such wealthy men as Andrew Carnegie prove that personal affluence could benefit the community. The man was a captain of industry and without the likes of him; the country could not be a high industrial power as it is today. Carnegie was born in a one-room cottage in Scotland, but his perseverance, acumen, and contribution to the steel industry made him a notable philanthropist and one of the wealthiest Americans.
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.
The context of Andrew Carnegie becoming a captain of industry is from the Industrial Revolution. Industrialism is the expansion of factories and the mass production of manufactured goods like steel. The Industrial Revolution of the early 19th century set the foundation for the rise of Carnegie steel. He is a Captain of Industry because he used his money to build libraries and paid thousands of churches. His wealth helped out schools and non profit organizations.
Then, he left and moved to New York. In 1872 he took a trip to England and cooperated with Henry Bessemer to build a steel mill. He became famous Homestead steel. The philanthropy of Andrew Carnegie made him a hero which set the foundation for three reasons. This was done through Carnegie’s gifts because he gave money to help many causes like education, religion, and other charities, ”The Gospel of Wealth” he believed that rich people are superior to all classes so they should use their money to help lessen or poor people and Carnegie helped his hometown.
Andrew Carnegie was a rich wealthy businessman that had a steel industry provided the materials for Bridges that gave Americans the ability to travel to many different places. Carnegie steel company was a company that was created by Andrew Carnegie in the 1870s. Andrew Carnegie was not the first person to create a steel mill, What he did is find ways to make the production of steel faster and easier. His steel production speeded up the Economy by having bridges to get to one place to another place. By building bridges, People could travel faster over the water and areas where you couldn’t walk through.
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.
