Andrew Carnegie was born November 1835, in Dunfermline, Scotland. He grew up poor and lived in a small cottage attic with his family. In 1848 the carnegie family made the hard decision to immigrate to the United States. Carnegie was locally famous for decoding messages when he was a telegraph operator. He later worked himself up to being one of the most famous men in business during the late 1800’s. He was also one the wealthiest men of his time and helped transform the steel industry. Andrew Carnegie could be considered to be a hero in many ways. He helped create jobs, transformed the steel industry and also helped other industries, and was an influential philanthropist. Many of the people at the time were poor and living in poverty. There weren't many jobs; and the one that they did have didn't pay enough to sustain a family. The steel industry employed about 168,000 and had higher paying jobs than other industries. According to Document 7 the average daily wage was $ 1.87, even though it didn't sound like much, at the time it was far higher than what other jobs in different industries payed. …show more content…
He had complete control; vertical integration, Vertical integration is control of the production process from raw material to manufacture and sale of finishes product .He owned Oliver Iron mining Co. that controlled almost all of the mesabi iron fields, owed six ore boats from Pittsburgh steamship company that transferred iron directly to the mills in pittsburgh, an entire port facility and machinery needed for transforming the ore onto trains. He owned everything he needed to manufacture steel for his company, Carnegie was said to be “a pioneer of this business
He used his fortune to donate to charities and became the greatest philanthropist of all time. Despite his humble beginnings, Andrew Carnegie built the largest steel company and became a well known philanthropist. Andrew Carnegie was an American immigrant. Andrew was born on November 25, 1835 in the small town of Donfermline Scotland. (McGill 1).
Just like the treatment his workers endured Carnegie wasn't any nicer to his competitors. Andrew Carnegie was a phenomenal businessman. Much of his success is due to how he operated his business. He watched the costs of his business intently (Document C), always making sure that the steel was being produced at a lower price than what it was being sold for (Document D), and he watched his competitors even closer. In March 1889, when Allegheny Bessemer Steel built a mill directly across from Carnegie's mill it intimidated Carnegie.
He was one of the first economists to change the way the economy was run. Born on November 25, 1835, Andrew Carnegie was one of the most wealthiest and famous industrialists of the late 1800s and early 1920s. He is a Scottish-born American industrialist who pushed the economy of the United States into a whole new level. He was the one who expanded America’s economy into what we know it as today. Ever since he was a young boy, he already had ambition burning inside of him.
Andrew Carnegie had opened his own ways to wind up distinctly a prosperous representative. From a youthful age, Carnegie conveyed the weight of supporting himself and his family, while working massively hard. Carnegie was conceived in Dunfermline, Scotland and lived in a little bungalow for the vast majority of his childhood (Document 1). From 1835 to 1848 Carnegie and his group of four, lived in the storage room of the cabin, which was over his dad's weaver's shop (Document 1). In 1897, Carnegie updated his living home office by obtaining the Skibo Castle in Dornoch Firth, Scotland.
Document 4 shows that Carnegie was able to cut costs by more than $20 per ton. The natural question that arises is this: how was he able to get costs so low? Document 5 suggests that the practice of vertical integration was essential to profits, as it enable Carnegie to own a monopoly on the entire industry of steel production, all the way from the iron ore mines to the ships that transported materials to the steel mill itself. Although ingenious, this strategy usually results in market monopolies, which can end up being harmful to both competitors and the consumer. In addition to the tactic of vertical integration shown in Document 5, Documents 6 and 7 reveal the extreme exploitation of workers that Carnegie used to increase his profits.
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.
Was Andrew Carnegie a hero? Did he’s new ideas, business and donations made him a hero? At that time most of the biggest and most profitable business were controlled by 3 important gentlemen, one of them was Andrew Carnegie who controlled the steel production in all America, being the steel production his monopoly, but also, he was one if not the biggest philanthropist in that time. So, does these matter for be a hero? Was him a hero?
Andrew Carnegie was a hero because he proved that the rags to riches American Dream is possible, he was also a philanthropist and he mastered the skills of a successful business man. Andrew Carnegie was a hero because he proved the American Dream from rags to riches is a real thing . Growing up, Andrew lived in Scotland with his family." Carnegie and his family of four lived in a garret room above his father's embroiderer shop with another family. Annual rent $20" ( Document 1).
He then started his first job, having his career take off he earned more than $100,000 in the middle of his life. Was Carnegie a hero or a villain? Andrew was a hero in business and philanthropy, but not with labor in many eyes. Carnegie was an American hero in the eyes of people who did not face the challenges of his labor. Workers at Andrew’s industry earned no more than $1.90 while he received over one-hundred thousand dollars.(Doc 7)
“No Man of business drew more attention that the king of steel, Andrew Carnegie” (Background Essay). Andrew Carnegie grew up in Dunfermline, Scotland and immigrated along with his family to the United States in the 1800s. He worked his way up from being a poor immigrant to working with people such as Rockefellers and JP Morgan. He became one the most famous industrialist who led the expansion of the steel industry.
In my opinion, Andrew Carnegie should be deemed as a hero. Sure, he did some things that people frowned upon. But, he also accomplished things that made his communities education better and stronger, but he made his community all around better. To do this, he did things such as provide local libraries for people and students, He claimed that it was disgraceful to die a rich man and give money away to your children, also his total giving overall was 350,695,653 dollars. Carnegie should be seen as a hero because of his good deeds, and providing of libraries to better the community’s education.
The industrial revolution of the early 19th century set the foundation for Carnegie steel, many prices already raised with Carnegie. The palace of the millionaire and the cottage of the laborer with the U.S today measures the change that has come with civilization. Andrew Carnegie was born in Dunfermline Scotland. Carnegie and his family of four lived in the attic of the home, while another family lived in the bottom half. Years later Carnegie purchased a Skimbo
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.
Working as a personal telegrapher he came up with two ideas to help make the railroads more efficient and these two ideas were the most successful ideas. In 1859, he was promoted to Pennsylvania railroad superintendent. In 1861, Carnegie started the freedom iron company. Since the railroads were getting destroyed in war and deteriorating over time the iron business allowed him to bring in a lot of money since he was the biggest iron maker. In 1865, Andrew changed paths and sold the freedom iron company to make the keystone bridge company, this was revolutionary because this is when bridges started being built with iron instead of wood.
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.