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Andrew Carnegie: Steel King Of America

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Andrew Carnegie, also known as the steel king of America, was an influential businessman during the late 1800s. In addition to being a business tycoon, Carnegie was also a philanthropist. By utilizing free enterprise, Carnegie was able to create a build a fortune from the ground up. Free enterprise is "an economic system in which private business operates in competition and largely free of state control." Resources are owned by the people, instead of the government, and the government only interferes to ensure overall peace and order. Without free enterprise as an economic system, Carnegie would not have been able to become a business mogul, because he would not have been able to make his own economic decisions and build his own business.

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