Carnegie's Investments During The Progressive Era

In the movie, The Richest Man in the World, Andrew Carnegie played a major role in influencing the Industrial Revolution, which changed the economy of the US and the world forever. This era brought upon significant changes through economic developments that would not only change the ways of the economy but also the social aspect of society, especially within the cities where this growth was located. The shift from hand-made to machine-made products increased productivity and decreased costs. Through the innovations of the new forms of energy, such as iron, and then steel, establishments of factories began, competition between businessmen arose, and innovations of transportation in the city through railroads and bridges developed. The

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.

Andrew Carnegie Essay written by aliciareagan@neo.tamu.edu A man of Scotland, a distinguished citizen of the United States, and a philanthropist devoted to the betterment of the world around him, Andrew Carnegie became famous at the turn of the twentieth century and became a real life rags to riches story. Born in Dunfermline, Scotland, on November 25, 1835, Andrew Carnegie entered the world in poverty. The son of a hand weaver, Carnegie received his only formal education during the short time between his birth and his move to the United States. When steam machinery for weaving came into use, Carnegie's father sold his looms and household goods, sailing to America with his wife and two sons. At this time, Andrew was twelve, and his

Noteworthy. Andrew Carnegie managed to overtake the business world by storm single handedly. During the Gilded Age, were the economy grew and the rich flourished, he managed to develop wealth and prosper from steel. Despite his actions being genius, they were far from heroic. Carnegie should be considered an eminent business man. Andrew Carnegie, although not a heroic figure, is a legend to the business world due to his innovative pioneering, business techniques, and leadership expertise.

It is seen through the eyes of Andrew Carnegie, that our lives and our success become based off of how much ‘will’ we are willing to put in. Not only that, but it is clearly seen that Carnegie is a firm believer in sharing the wealth with those less fortunate. As well as the disturbance Andrew Carnegie had in the great division of rich and poor, he felt to suggest his ideas in order to fix this. On the other hand, when seen in the eyes of the “average coal miner”, he understands the process in which the positions of work function. The “average coal miner” has no objections with the process, but rather, keeps striving to rise up.

     True, Andrew Carnegie and John D Rockefeller may have been the most influential businessmen of the 19th century, but was the way they conducted business proper? To fully answer this question, we must look at the following: First understand how Andrew Carnegie and John D. Rockefeller changed the market of their industries. Second, look at the similarities and differences in how both men achieved domination. Third and lastly, Look at how both men treated their workers and customers in order achieve the most possible profit for their company.

Two of the most well-known and successful companies of the Industrial Revolution were the Standard Oil Company, and the Carnegie Steel Company. Both were exceedingly successful in virtually removing all competition in their respective fields of business and controlling almost all of the production capacity of their respective products in the United States. Their founders, John D. Rockefeller of the Standard Oil Co., and Andrew Carnegie of the Carnegie Steel Co. conducted business practices that were different from one another in how they dealt with competition as seen in the undercutting or cheap type

The industrial leaders, Robber Barons, of the 19th century are men who are very respected and admired. Andrew Carnegie was a boy from Scotland who came over to this country with nothing. He continued to save and work his way up in the industry until he had complete control over the steel industry. John D. Rockefeller was also one who came from an ordinary home. When he saw an opportunity, he took it, along with the risks. He came to control the oil industry. Another man that took many opportunities to expand and grow was Cornelius Vanderbilt. These men saw what they needed to do to become successful and they did it. These men's' lives reflected the

Andrew Carnegie (1835-1919) was a major American industrialist in the late 19th century and after obtaining substantial wealth from his steel industry, became an advocate for giving back to the less fortunate. Carnegie’s desire to donate to those less fortunate came from past experiences, growing up as an immigrant and working in a cotton factory young. He knew and understood the hardships that people faced when not able to acquire the type of wealth he rose to earn. Through his long life this atypical businessman advocated for many and dedicated the later years of his life to promoting the general welfare of the world.

Believe it or not, skyscrapers have only been around since the the late 1880’s. The main reason for this was because the materials used to build buildings at the time could not support the weight of a skyscraper. If people wanted to build taller buildings, they had to use stronger materials that could withstand the weight of the building and keep it from collapsing. At the time, that material was steel, but there was a problem; steel was not mass produced at the time. This made it financially unethical to build with, the price of steel only began to drop after Andrew Carnegie created his steel business. Andrew Carnegie helped strengthen the American economy turning it into a world power by learning from his poverty when he was younger, starting his steel business which provided the world an important resource for the development of industry, taking advantage of workers to maximize profit, and devoting his later life to philanthropy.

Since the beginning of civilization, unfortunately, there has always been some type of ranking when it came to social status. Usually, there was a small group of wealthy elites who ran everything, and then there was the large group of people who were not rich. One would think that the rich would take care of the poor, but often times the rich kept to themselves and let the poor suffer. This can be seen all over history from the time of the Egyptians to the feudal system of the middle ages, to even more current times.This holds true when diving into the 1800 and 1900’s. One would see that like there were very few social elites and a plethora of people who were not wealthy by a stretch. There were times when the rich would participate in activities that would make it seem like they were helping the poor when in actuality they were not doing the slightest. An example of this can be seen in Andrew Carnegie's “The Gospel of Wealth.” In “The Gospel of Wealth” Carnegie explains what one should do to help society and the poor, but what it is is a way for the wealthy to feel better about themselves.

The Gilded Age of America was a time of rich businessmen, and poor immigrants. Cigars rolled in one hundred dollar bills, food picked up off the street. These ideas would only be emphasised as the “big business” would be introduced to America. The CEOS that let their businesses would ultimately be either praised for their contributions to society, or hated for their greed. Men such as Rockefeller, JP Morgan, and Andrew Carnegie. Carnegie was the first man to ever mass produce steel. Steel would help to fuel the industrialization of America. Not to mention that his constant philanthropic efforts, in where he would donate over 350 million dollars to libraries and schools to help educate the poor. However, his workers complained of extremely low wages. Based on the information in the mock trial and outside research, Andrew Carnegie should not be guilty of, reckless endangerment and greed; however, he can be charged guilty with the crime of hypocrisy. Carnegie should be considered as one of the most accomplished captains of industry.

Andre Carnegie was a poor immigrant who came to the United States in a quest for the realization of the American Dream. A self-started entrepreneur who through hard work and by taking advantage of the right opportunities was able to develop an enormous wealth, signifying with it, the definite possibility of social mobility. In his essay “Wealth” of 1989 Carnegie refers to the importance of the distribution of wealth and how such fortune was there to be used by the rich for the benefit and well-being of all individuals of society. Throughout this essay I will be explaining the arguments for the redistribution of wealth made by Carnegie, while analyzing as well the factors that may have motivated him to write his famous essay “Wealth.”

The True Gospel of Wealth, an article written by one of the richest, most powerful men of the 19th century, is a guide to a nation virgin to mass amounts of wealth, and power. Carnegie is a self made millionaire, who immigrated to the United States with less than a dollar in his pocket. This fact would serve important in Carnegies epic rise to fortune, also in developing such philosophical understandings as, The True Gospel of Wealth.

In his article “Wealth”, Andrew Carnegie argues for the wealth to give back their wealth to the community by providing “public institutions of various kinds … [to] improve the general condition of the people” (Foner 30). Carnegie uses this article to promote his Gospel of Wealth idea and provide his interpretation of the changing America. Carnegie’s Gospel of Wealth stated that “those who accumulated money had an obligation to use it to promote the advancement of society” (Foner 28). Carnegie’s articles focuses on the themes of Capitalism and Inequality, which continue to shape society.