Business magnate Essays

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.

Understanding a person in the 1800s wouldn’t be the same as a person living in present time; but a man once said, “Do your duty and a little more and the future will take care of itself”. This wasn’t just any man of course, Andrew Carnegie an icon in his time known for his climb into wealth was full of ideas that provoked society when he was alive. Although his ideas weren’t universally accepted it guided people into a mentality where those with acquired and inherited wealth could give back in a

Andrew Carnegie Andrew Carnegie was a captain of industry because he gained a lot of money, but didn’t save all of it for himself. He gave his money to charities and different causes that benefited others. Carnegie believed in the “Gospel of Wealth”. This was an article that Carnegie wrote about how wealthy people should give their money to others instead of keeping it for themselves. He supported education and reading because he loved to read and he thought it was important for new generations

Whereas, a captain of industry is recognized as a business leader who contributed positively to their own country. Many questions asked, an important one is, “Are Cornelius Vanderbilt, J.P. Morgan, Andrew Carnegie, and John D. Rockefeller, robber barons or captains of industry?” During the nineteenth century, there were many methods in which the following business men used. For an example, monopoly, a hand in politics, or other unusual business practices. In result of this happening, it indeed changed

Robber Baron or Captain of Industry? This is the ultimate question. There are several major business leaders that were very successful is the late 19th Century. One of the successful leaders is J. Pierpont Morgan. Many people around the United States view J. Pierpont Morgan differently and think about him in different ways. Some ways are bad and some ways are good. I believe that he is a Captain of Industry. Read on to see why I think that J. Pierpont Morgan is a Captain of Industry and not

and and steal, promised Carnegie a future brimful of wealth and success (Kohn). In order for Carnegie to have succeed in being in the metal industry, it was clear that he had to discontinue his career of a railroad executive (Kohn). To commence his business in the metal industry, Carnegie invested in an iron manufacturing factory (Kohn). Carnegie also bought into an iron bridge plant and then bought into a Company making

Andrew Carnegie was one of the richest, if not, the richest man of his time. He introduced the steel industry to America and improved it, using the Bessemer process to create a monopoly. Thus, led to his massive increase of wealth. As many more corporations and entrepreneurs became rich, laborers continued to struggle. These people worked in the worst conditions and were paid low wages. As the U.S. became industrialized, robber barons such as Carnegie were heavily benefited. Carnegie's views about

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

man who wanted to advance society. Now I won't discredit the fact that some may see him as a robber baron due to his ruthlessness in the field of business or how he didn't give enough pay to his workers, but if you think about it just a little bit he was a businessman meaning he had to make decisions that at the end of the day benefitted him and his business. I have 3 main points as to why he was a captain of industry. The 1st being his new steel work/traction he was gaining from it and, the 2nd being

and ruthless. Robber barons would do whatever it takes to make a great deal amount of money, no matter if it was legal or not. On the contrary, captains of industry were seen as those businessmen who made their way to the top using their talented business skills. They were viewed as leaders who changed the American economy. When a captain of industry was coming into a great deal of wealth, something within the country would have positively changed. Either that be through expanding the markets within

Andrew Carnegie was the greatest men of all time and also the man who built up one of the American steel industries and grew amazingly wealthy within the process. After retiring from his business, he contributed most of his riches away to projects that would benefit the public, such as building libraries. In the other hand, Samuel Gompers, who led and formed the American Federation of Labor in other to help working class people earn better pay and working circumstances. He continued his effort

During the late 1800s, there were some very bad, powerful people. One of them was Andrew Carnegie, captain of the steel industry. Andrew Carnegie was a Scottish immigrant who came to America to seek a better life. He made his money in the steel industry after figuring out a way to manufacture it faster. Andrew Carnegie was a villain because he didn’t care about his workers, preached about world peace and then turned around and gave the U.S. Navy steel, and because his club tampered with a dam, killing

Andrew Carnegie Andrew Carnegie is a “Captain of Industry” rather than a “Robber Baron” that many people recognize him even til to this day because robber barons were considered to be ruthless and selfish men, however, Carnegie is considered to have been an honest and a very philanthropic man of his own wealth. Carnegie was basically the only big businessman not to earn the title of a “Robber Baron.” He owned Carnegie Steel Corporation, the largest of its kind in the world, Carnegie did everything

Bessemer which showed him the work of steel, which Carnegie adopted. He invested in mills and had the Thomson Steel Works. He then acquired interest in Frick coal fields, coke ovens, ore fields, railroads, and ships. In the end Carnegie sold his business in steel to J. P. Morgan and gave most of his money away in his later years. From

People tend to reach success in a number of different ways. Looking at the past, success was often reached in ways that would be looked at as both good and bad. Andrew Carnegie was very successful but reached that success at the expense of his workers, which is why many would refer to him as a robber baron today. Andrew Carnegie placed the workers of his steel company in a harmful working environment. These workers were on the job for twelve long hours, seven days a week, in dangerous working conditions

Andrew Carnegie amassed his fortune by utilizing vertical integration and employing cheap labor, at the expense of the common man. This tactic proved effective when competing with other companies. However, as a result, workers were manipulated and used as pawns in a game with a predetermined winner. Working as blue collar laborers, the employees had no chance to improve their socioeconomic status and their way of life, completely contradicting Carnegie’s own theory that wealth would be rewarded

Industry.” Investors Business Daily (2013): 3. The article provides discussion how Andrew Carnegie became the undisputed king of steel in the 1800s, including his motivation to enter into the field of steel, his personality and his way of choosing employees. Then the author discusses what Carnegie left on steel industry, society and culture. Other articles tend to focus on the philanthropy part of Carnegie. However, this article is unique in that it focuses on the business part of Carnegie. From

Often, he made harsh business decisions that negatively impacted his employees; however, he always felt it was justified. One reason he felt it was justified was that he was serving “America by building their enterprises.” (44). He saw the creation of wealth as a noble endeavor

The life of an average coal miner during the industrial revolution was very difficult. Quite different from the life of a robber baron like: Cornelius Vanderbilt, J.P. Morgan, and Andrew Carnegie. The changes that came into the lives of these people was drastic. According to Andrew Carnegie’s essay “Wealth”, industrialization was a good change for both the rich and the poor. In addition, he states that one must help themselves to become rich and rise to gain wealth through hard work, but that’s

With the evidence and information above I will explain why I would like to take position of industrialist Andrew Carnegie. First I will explain the meaning of being a Captain of Industry or a Robber Baron. A Captain of Industry is a business leader meaning to amass a personal fortune but in some way of positivity to the country. A Robber Baron on the other hand is a person that made his fortune off of ruthless means towards the country. Being Andrew Carnegie would be the best of any means because