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.
I believe that Carnegie’s views are certainly ethical and that the wealthy must assist the poor if not tons of people can die like the many miners who lived tedious low-level existing lives. The miners had a very poor and unhealthy lifestyle they were covered in ash and dust all the time. The dangers of working in the mines were plenty they may be crushed to death at any giving time by the roof burned by exploding gas or simply blown to pieces by the premature blast. There were so many men and boys that ended up being crippled or dead.
Andrew Carnegie was one of the wealthiest men in America but his wealth didn’t come without hard work and dedication. Carnegie was born in “Dunfermline, Scotland on November 25, 1835” (Tyle). According to Laura B. Tyle, the invention of the weaving machine unfortunately pushed Carnegie’s family in to poverty “In 1848, Carnegie’s family left Scotland and moved to Allegheny City, Pennsylvania, where his father and eventually him worked in a cotton factory” (Tyle). After leaving the cotton factory “Carnegie became a messenger boy for the Pittsburgh telegraph office and eventually made his way up to telegraph operator” (Tyle). According to Laura B. Tyle “Thomas A. Scott, the superintendent of the western division of the Pennsylvania Railroad, made Carnegie his secretary at the age of eighteen.” Later, Carnegie took over Scott’s position of the railroad. Furthermore Carnegie “began to see that steel was going to replace iron and by 1873 he organized a steel rail company” (Tyle). According to Laura B. Tyle he continued to build his company when he “cut prices, drove out competitors,
Andrew Carnegie, the “King of Steel”, the benevolent employer, the giant of industry, was among the greatest influences of the second industrial revolution. It is sometimes questioned whether Carnegie was the ruthless, sneaky steel tyrant some made him out to be, or the generous, benevolent education benefactor he appeared to be. I believe him to be a combination of both, but more so the great giant of industry.
It has been thoroughly debated whether Andrew Carnegie was a captain of his industry or a robber baron. He was a successful entrepreneur that created the Carnegie Steel Company in the late 1800s, a company that monopolized the production of steel. It has been ardently deliberated whether Andrew Carnegie was a robber baron who mistreated his workers and destroyed unions or that he was a captain of industry who paved the way for future steel companies. There are also many accomplished entrepreneurs in the world today that were much like Andrew Carnegie.
Free enterprise allows for individuals to have large economic freedoms with some regulations from the government. Many entrepreneur have taken advantage of the system and gained immense wealth. A great example is Bill Gate who has made a huge contribution to the technological industry. His investments in companies like microsoft has helped make it one of the biggest companies in the world. Without a lot of restrictions from the government Bill Gates's fortune grew and without free enterprise his companies wouldn't be as huge as they are now.
Captains of industry were defined as the business leaders whose means of amassing a personal fortune contributed positively to the country or society in some way. Andrew Carnegie and John D. Rockefeller were considered to be captains of industry because with their profits from either their steel company or standard oil company, they give back to the society instead of themselves. They believed in the idea that people give in to you, in which you must give out as well. They established many charitable foundations that allowed them to become well known philanthropist and made them distinguishable from the rubber barons.
Let us first look at Mr. Andrew Carnegie. Carnegie was a mogul in the steel industry. Carnegie
All of this is possible because he worked for it and created what he envisioned for the world. If there were no free enterprise then he would not have the possibilities to create his businesses. He would be doing all of this for the government or under the governments supervision. Free enterprise allows him to build and create the world changing businesses that he wanted to have to make the world a better
Andrew Carnegie was an industrialist who led the expansion of the steel industry in America. He made his fortune in the steel industry, controlling the most iron and steel
The Free Enterprise System allows individuals to have a chance of becoming successful in life. Free enterprise, also known as capitalism, is an economic system where the individuals in the economy have the freedom to participate in the business world without government intervention. The system has made many prosperous. An example of a wealthy person succeeding from this system is Andrew Carnegie. The Free Enterprise System is necessary in the business world.
Andrew Carnegie had a steel monopoly, but even through all of his wealth and success he was a robber baron. To start Carnegie made his workers work 12 hour shifts with five minute break time. It was 6 days a week, and only had 4th of July off. (Article 1) This tired workers which gave them very little family time, or even have enough to fund them, this made him a robber baron. Next Carnegie workers work in very humid, unsafe working conditions. (Article 1) This made workers get hurt, tired which caused them to go on strike. To add Carnegie paid workers minimum pay, but if the company bought new equipment their pay would drop. (Hist. Book) This would give workers a stressful time to help their family survive, even though he had so much
Andrew Carnegie (1835-1919) was a Gilded Age industrialist, the owner of the Carnegie Steel Company, and a major philanthropist. He epitomized the Gilded Age ideal of the self-made man, rising from poverty to become one of the wealthiest individuals in the history of the world. Born into a humble family in Scotland, Carnegie came to the United States with his impoverished parents at the age of thirteen. He worked as a bobbin boy and a telegraph messenger before taking a job with the Pennsylvania Railroad at the age of eighteen. By the Civil War, he held an administrative position with the railroad. At the war's end, Carnegie entered the iron industry, and recognizing that steel rails would soon replace iron rails, he invested in the steel business.
Imagine if it cost forty dollars to just go out and buy a generic steel doorknob; crazy, right? You have Andrew Carnegie in part to thank for this not becoming a reality today. Andrew was born into a family that was very big on reading books and learning new things. Later in life when he was working on the railroad, Carnegie started to make some investments. He was being smart with what he did, and he found that out of all of his investments, oil investments brought in very much profit for him. Within the next decade, pretty much all of Andrews effort was put into steel production. Carnegie Steel Company, which is what his business became known as, revolutionized steel production in the United States. Carnegie built steel plants around the
Andrew Carnegie was a firm believer in idea of individualism. That everyman must work and rise on his own ambition alone, that each man for themselves. In other word, he did not believe in the communist thought of working
On November 25, 1835, in Dunfermline Scotland a man later to be known as one of the “builders” of America, and one of the wealthiest men in the world was born; Andrew Carnegie. Andrew Carnegie was born and raised in a family that had mainly focused on education. In 1848, Carnegie and his family had come to the United States where they had lived in Allegheny, Pennsylvania. Years later, he had been introduced to the railroad industry where he worked among the industries top officials and had been educated on the railroad/steel industry and business. While working, Carnegie had decided to get involved in the stock market where he had made investments in companies involving oil and steel, later using his profits to found what would be known