Why Is Andrew Carnegie Important
One of the richest men of all time, Andrew Carnegie was a poor immigrant from Scotland whose family traveled the Atlantic when he was just a boy and settled in Pittsburgh, Pennsylvania. He ended up becoming worth more than $320 billion dollars although he donated 90% of his wealth to charity by his death. Carnegie has several towns named after him, and the music hall in New York City, among many other things. Andrew also had a dinosaur named after him, when he sponsored the expedition that found the creature. At a young age Andrew Carnegie was employed as a telegraph messenger boy with the Ohio Telegraph Company earning $2.50 a week. Quickly he became proficient at his job and within the year he became a telegraph operator. Later in 1853 …show more content…
The next year the farm gave over $1,000,000 in cash dividends. With this money, along with the help of others, started a steel rolling mill. This was his first venture into the steel industry. Once the civil war ended, he left the railroad business and went full time into the steel industry. He was still close to Thomas Scotts and with his help acquired the contracts for the Keystone Bridge Company. While being a great businessman he was also a great philanthropist. At one time Carnegie could be quoted as saying, “I propose to take an income of no greater than $50,000 per year.” Andrew believed in giving a great deal of his wealth to charity and gave most of it away before his death. Carnegie had achieved the majority of his wealth through the steel industry. He controlled the most extensive steel operations ever owned by one individual within the United States. 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
How Did Andrew Carnegie Contribute To The Gospel Of Wealth
639 Words | 3 PagesAndrew Carnegie was born in 1835 in Dunfermline, Scotland, but immigrated to the United States in 1848 with his parents. Carnegie became wealthy through his venture in steel with his company Carnegie Steel Corporation. He sold the company in 1901 for $480 million to JP Morgan and decided to focus on his philanthropic work. Carnegie developed an ideology called the “Gospel of Wealth”, in which he stated that “those who accumulated money had an obligation to use it to promote the advancement of society”. Carnegie became famous for practicing what he preached, as he would fund public libraries and gave money to charities.
Similarities Between Carnegie And Morgan
1796 Words | 8 PagesThis ultimately led Carnegie to provide for many American cities, towns, and factories. However, towards the end of his life, he sold his steel company to J.P Morgan, then tried doing good deeds to the society. Carnegie made 2,800 free libraries, and “at his death disbursed his entire $350 million fortune”(Blessed Barons). Although Carnegie did wonderful things, after J.P Morgan bought Carnegie's steel company, he did some great things. Morgan, came from a smart family, and had an “appetite for bosomy women, enormous yachts, and exquisite art was legendary” (Blessed Barons) to him.
Wealth And The Carnegie Steel In The Progressive Era
206 Words | 1 PagesAndrew 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.
How Did Andrew Carnegie Contribute To The Steel Industry
1389 Words | 6 PagesEven though he couldn’t change much, Carnegie still wanted to do something, he wanted to make a difference to counteract his wrong doings. In 1901 Andrew Carnegie sold his company to J.P. Morgan for 48 million dollars, by the end of it, Morgan shook Carnegie’s hand congratulating him on being the richest man in the world, and he
How Did Andrew Carnegie Contribute To Society
276 Words | 2 PagesAndrew 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.
Andrew Carnegie: A Valuable Skill For Work
350 Words | 2 PagesAndrew Carnegie was born outside of the country but moved early. At an early age he learned a very valuable skill for work. He worked for a Tom scott in his railroad business. Carnegie did his best to be friendly to his employees. He sold his business to Morgan and donated money.
Andrew Carnegie The Robber Baron Essay
921 Words | 4 PagesTo help support his poor family, he immediately got a job as a bobbin boy, a person who gives and brings bobbins to the weavers at cotton mills, and then went from a delivery boy for the telegram service to the telegram operator, making more than twice the money as the bobbin boy. He then became the superintendent of the Pennsylvania Railroad Company. He invested in railroads and sleeping cars, making more than ten times the amount from his superintendent job. He decided to start a business called Keystone Bridge Company and started the process of building bridges from iron rather than wood. He made the Eads Bridge in St. Louis, Louisiana.
Why Is Andrew Carnegie So Successful
637 Words | 3 PagesWith the money he earned from his previous investments, he built many steel mills all over the country and these milles hosted a new type of technology. The way he made steel was with the bessemer process. This was the fist inexpensive way to mass manufacture steel. It used the open hearth furnace but the key part of the process was the way it blew the impurities out of the molten metal with air, This new technological advance made it possible to mass produce steel and to make buildings and other large structures out of it. But what made him so successful was he owned everything he would need along the way.
Was Andrew Carnegie Really A Hero?
424 Words | 2 PagesAndrew 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.
Andrew Carnegie's Contribution To The United States
231 Words | 1 PagesThe next year he got a job as a telegraph operator. And then started working on the railroads in Pennsylvania. After three years of working on the railroad, Carnegie was promoted to superintendent. As he worked, he made many wise investments,
Why Is Andrew Carnegie Important
714 Words | 3 PagesIn today's world steel is used for many things such as Agriculture, Healthcare, Food service, Energy, Construction, Packaging, Automotive, Consumer goods, Technology, and Transportation. It's really strong and reliable. It's also relatively cheap to. In conclusion, carnegie ma a lot of money in the iron and donated a lot of money to libraries. He was an incredible
Andrew Carnegie A Hero Essay
602 Words | 3 PagesIn the article “Wealth” Carnegie states “The duty of the man of wealth (is to) set an example of modest living; and to consider all surplus revenues… as trust funds to produce the most beneficial results for the community.” This shows the reader that he thought everyone should help people out. He also said that you shouldn’t show affection with money. Overall the message he sent was that it is what you do with your money that matters not just the fact that you have lots of it. Andrew Carnegie carried the trait of concern for others and that made him heroic.
Analysis Of Andrew Carnegie's The Gospel Of Wealth
835 Words | 4 PagesThe late nineteenth century was a pivotal moment in American history. During this time, the Industrial Revolution transformed the nation, railroads had dissipated all throughout the country, and economic classes began to form, separating the wealthy from the poor. One of the wealthiest men of this generation was Andrew Carnegie, a Scottish immigrant who fled to America to make millions off the railroad, oil and even steel businesses. Carnegie is considered one of the richest men in history, and even with all that wealth he decided to give back to the community. As a matter of fact, Carnegie donated most of his funds to charities, universities and libraries in his last few years.
What Is Andrew Carnegie Ethical Or Unethical
338 Words | 2 PagesAndrew 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.
How Did Andrew Carnegie Impact Society
672 Words | 3 Pages“You cannot push anyone up the ladder unless he be willing to climb a little himself.” Andrew Carnegie said this meaning that you cannot force someone to become successful unless they are willing to become successful themselves. Andrew Carnegie lived this quote out by always trying to succeed in all of his businesses, not waiting for someone to help him and succeed for him. Andrew Carnegie impacted society by apart of different companies, being apart of the steel industry, and his life accomplishments or even the money he would give to charity. Carnegie’s accomplished many things in life and lost many things, Carnegie was born to a handloom weaver in Dunfermline Scotland, on November 25, 1835.
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