Andrew Carnegie Biography Essay

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

In document C, we see a partial list of his transactions with charities, including; the Teachers’ Pension Fund, the Homestead Relief Fund, the Carnegie Institution, and public libraries. The things these donations did were very helpful to many, helping professors get old age help, funding steel workers and their families, promoting scientific research, and helping to create over 2,811 public libraries. He also created the Carnegie Corporation, which was a supertrust made to continue giving out Carnegie’s fortune after his death, primarily to education. This shows that he used his finances to give back to communities, which he could only do because of his financial

Name of Industrialist: Andrew Carnegie (Steel Company) How did he acquire his wealth? Carnegie frequently recognized as one of the wealthiest person ever. He made big bucks from oil business. He also led the growth of the American steel company in the late 19th century.

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.

Carnegie made even more money when over time he sold it to J.P. Morgan who created

Andrew Carnegie's company Carnegie Steel Company spread across Pittsburgh Pennsylvania to transport goods from city to city (Doc 5). In 1900 Andrew Carnegie made the large amount of $23,000,000, therefore, his daily wage would be about $92,000 (Doc 7). This evidence helps explain why Andrew Carnegie was a hero because when he started the steel mill he gained integrity and trust among the American

During the late 1800’s, early 1900’s America began the famous industrial race to success. At the head of the race, yearning for success, was Andrew Carnegie. Scotland born in 1835, Carnegie moved to the United States with nothing but soon grew with prosperous steps, speeding his way to the top as a profitable business man through the steel industry. His path to success may be filled with some hardship of distrust and mishaps with money hungry co-workers, but in the end he created, with his infinite wealth, enormous amounts of buildings and educational centers to benefit mankind in the long run. This is a deed of a kind man.

Once Carnegie retired from his job at the age of 66, he decided to become a philanthropist (America’s Library). Carnegie believed that since he was wealthy, it was his responsibility to give money to those who were in need or to others in society (America’s Library). Even before he retired, Carnegie had already made some charitable donations. For instance, in ‘’America’s Story from America’s Library’’ the source states ‘’Carnegie had made some charitable donations before 1901, but after that time, giving his money away became his new occupation. In 1902 he founded the Carnegie Institution to fund scientific research and established a pension fund for teachers with a $10 million donation.

Morgan for what is now 12.3 billion dollars. Carnegie started to change his way of thinking and wrote a book, “ The Gospel of Wealth”, in which he stated that it was the moral responsibility of the wealthy to seek for the welfare of those who didn’t had opportunities. Carnegie’s first contribution was in 1902 when he founded the Carnegie fund for scientific research. Carnegie later on wanted to boost education and remember how a Coronel lent him 2 books to read, so he decided to fund 2,509 libraries across Scotland and The United States, in addition to this he also gave 125 million dollars to The Carnegie Corporation with the purpose to aid colleges and schools.

Andrew Carnegie was a steel businessman and the richest man in the United State in half of 19 century. He was born in Dunfermline, Scotland in 1835. He lived in a poor place. So he decided to move to U.S in the late 1800s to have a better life. First, he worked in the railroad industry in seven years.

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

The United States began to enter a prosperous and increasing period after the civil war known as industrialization. Despite the fact that industrialization led the United States to wealth, it also led it to many social and economic problems during the late 19th and early 20th centuries. During this time, Upton Sinclair and Andrew Carnegie were the people who responded to the economic and social problems generated by industrialization. Andrew Carnegie was one of the wealthy men in America and was very charitable, he impacted the United States with his steel to transform cities. During these economic and social problems generated by industrialization, he responded by providing money to fund charities.

Without the wealthy, industrial tycoons of the late 19th century, how would The United States of America differ today? The oil, steel, mining, shipping, railroad and many other industries have contributed a vital role to how America works today. Andrew Carnegie, John Davison Rockefeller, Cornelius Vanderbilt, and J.P. Morgan were only a few of the money-hungry titans of America’s industrial beginnings, who contributed to the start up of a major industry-based time period. Scottish-American industrialist Andrew Carnegie founded and led the Carnegie Steel Company in the 1870’s, a major breakthrough for the steel industry. Andrew conducted the major expansion of the steel economy in the 19th century and has been identified as one of America’s richest for decades.

During the Industrial Revolution big businesses took places of small workshops, increasing to quantity but not quality. This made many people lose their jobs, and now there was only one place to work the factories. Ahead of these factories were big business owners, some born into money others worked their way up to it like Andrew Carnegie. Work at these factories became unsafe and the pay was bad, they could only blame one person and that was the owners.

He grew up in poverty. His father's name was William Carnegie, William worked as a weaver and was the only source of income for the family. Carnegie’s mother's name was Margaret Morrison. Carnegie’s father died in 1855, after his death Carnegie realized that he would have to take care of the family. Carnegie gotta education and by the age 18 Carnegie was a secretary for Thomas A. Scott, the superintendent of the western division for the Pennsylvania Railroad.