Who Was Andrew Carnegie An Entrepreneur

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

Andrew Carnegie was a self-made millionaire (and in today’s money a billionaire) who rose from the bottom up. In 1835, Andrew Carnegie was born in the attic of a weaver’s cottage, located in Scotland. His schooling took place in a one-room building. Carnegie, along with his family, left Scotland for the United States in 1848 because of the poverty situation. The jobs he had in his early days in the United States include; a bobbin boy, a telegram deliverer, and a railroad job.

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

Andrew Carnegie was a significant person in history because he was a wealthy businessman living the American dream, a dream everyone hoped to experience but never did. Coming from humble beginnings, Carnegie came from Scotland to America as a poor immigrant working from job to job before becoming a secretary on the Pennsylvania railroad. He was a diligent worker and was paid in forms of stock which Carnegie eventually sold, allowing him to begin the Carnegie Steel company. By 1900, Carnegie had around 20,000 employees producing more steel than England because he constantly found cheaper production methods for making steel. However, unlike the other monopoly holders, Carnegie donated nearly $350,000 out of the $400,000 to charitable organizations

In 1870 he founded the Carnegie steel company a step which cemented his name as one of the “ captains of industry.” By the 1890’s the company was the largest and most profitable industry enterprise in the world. In 1892 the homestead strike in Homestead Pennsylvania pitted in one of the most powerful new corporation. Carnegie steel company against the nation's strongest trade union. Henry Clay Frick stepped up production demands and when

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.

One such practice was his use of vertical integration. Vertical integration occurs when a company owns every stage of production. In Carnegie's case, this meant he owned the mines, the steel plants, and the distribution system, which was a railroad. By employing this strategy, Carnegie was able to produce steel at a much lower cost than his competitors, allowing him to sell it for less, thus giving him a major advantage over his competition. This advantage allowed him to dominate the steel industry to the point where he had a near monopoly.

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.

Andrew Carnegie gave a large amount of his money to people all around the world, so he was more on the side of ¨earn and give.¨ He was charitable to the community, contributed to society, and built libraries around the world. Andrew Carnegie was very charitable to the community. For instance, he gave 360 million dollars to charities all around the world. Carnegie helped peopleś education by building universities accessible to all people during the ¨Great Depression.¨ During the late 1800s many people got sick and were injured, so Carnegie built a system of hospitals.

He owned the mines for the raw materials, the necessary transportation, such as trains and ships, and even coal mines to power the furnaces. Being in charge of the process is what made him superior to his competition. But all this success was not all on him. People say that he Carnegie got rich on the backs of his workers. The most famous case of this was in Homestead, Pennsylvania, where he lowered wages and the workers went on strike and did not work.

During the late 19th century, there was a growth in industrialization. This brought new opportunities for the poor and the rich. For example, Carnegie helped build the steel industry in Pittsburgh Pennsylvania, which made him one of the richest man in the world. As Carnegie gained more wealth, he questioned who money should be given to. Carnegie was both a Robber Baron and a Captain of Industry.

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.

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

Andrew Carnegie: The Ultimate Robber Baron Four hundred and seventy-five million dollars. This is the overwhelmingly large amount of money Andrew Carnegie acquired during his lifetime. Though not privileged as a boy, he worked his way up the ladder, achieving more than anyone could have ever imagined. Unfortunately, many people were exploited on his way to the top.

Carnegie slowly moved his way up with jobs and soon he got a job in a sleeping car company. This led to Carnegie’s early success in the railroad business. During the Civil War, Carnegie invested in oil, worked in transportation for the U.S. War Department and became interested in the steel and iron business. When the Civil War ended, he focused more on the steel business and decided to pursue a career in the