How Did Andrew Carnegie Impact The Steel Industry

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,

Without Carnegie, the steel industry, and the second industrial revolution in general, would never have progressed as much as it did. Carnegie did what was necessary to make the steel industry more productive and more efficient, for less money. He was a shrewd, ruthless, businessman who’s aggressiveness made the steel, railroad, and oil industries so economically successful. These characteristics, though not always looked upon as nice or sympathetic, were sometimes necessary. He had paid his time as a poor factory boy, and now it was his turn to live comfortably and aid others less fortunate to work towards the same success.

The Carnegie Steel Company was a successful factory, which employed many hundred of workers. Andrew Carnegie, who was the owner of the company, wanted a large successful business, which he had achieved already, but he was always looking for ways to save and make more money. By 1892, unions had been formed

Many people at the time were living in poverty and there weren’t enough jobs that had sufficient pay to support a family. The steel industry was one that had the highest earning wages. The average daily wage at the time for iron and steel workers were $1.87, this is far above other industries that had a smaller amount of pay. Others can argue that because of the bad working conditions workers faced in the steel industries, Carnegie shouldn’t be considered a hero. But isn’t the goal of a business to create more jobs? Carnegie believed that it was proper to have completion between the rich and the poor because if there wasn’t, there would be no individuals capable enough to provide such jobs to further expand the essential needs of laborer and those of the economy (Doc 3). When Carnegie sold the Carnegie Steel company to J.P Morgan for $400 Million, the newly named company (U.S Steel) created numerous amounts of jobs employing 168,000 people.

     Let us first look at Mr. Andrew Carnegie. Carnegie was a mogul in the steel industry. Carnegie

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: He was the owner of the biggest steel company that led its expansion. His company produced 1/3 of the steel throughout the whole nation during the late 19th century. Carnegie was one of the leading business people that led America into the industrial era and also one of the reasons why Capitalism was created.

With Henry Frick at Carnegie’s side, they ruled the steel industry and began to draw in large sums of money and quickly became some of the wealthiest men in America. They would make the steel industry extremely powerful, and create a huge workforce to feed the extreme amount of immigrants looking for work in the U.S. This boosted the economy enormously since most people could work in the many steel plants, or as a constructor. Carnegie’s steel was being purchased all over the United States. America was growing upward because the new steel could form taller yet safer buildings. Carnegie made the U.S. one of the most powerful and modern countries in the world through his steel. Steel was not only implemented in new tall buildings, it was also used to replace iron railroads. Carnegie had a major impact on modernizing America and making it powerful. He made America profitable, but through the struggling working class citizens. But, without those hard working citizens, America would not have been built as quickly, or been as

As much as Carnegie loved the idea of becoming the most successful man and competing in the business world with others such as John D. Rockefeller, he too fell in love with the idea of giving. In fact by the end of his life, which was the year of 1911, Carnegie had given away 90% of his money. Throughout his lifetime he donated thousands of dollars to libraries and music programs. Carnegie always believed that a rich man with lots of money should always give away. For example, in 1902 he founded the Carnegie Institution to fund scientific research and established a pension fund for teachers with a $10 million donation. (Library of Congress). Not only did Andrew love to give to charities but he also loved to read which is why he he gave money to towns and cities to build more than 2,000 public libraries. He also gave $125 million to a foundation called the Carnegie Corporation to aid colleges and other schools. ( Library of

Andrew Carnegie was one of the wealthist man of 19th century. Some claim that his money was the result of dispensing poor working conditions and treatment for his workers. Others say that he was a truthful, industrious man. So, the question is who was right and who was wrong? Andrew Carnegie was born into a poor family in 1835 in Dunfermline, Scotland. He spent 13 years of his life in Scotland and then because of an economic depression his family had to move to United States. He worked his way up from being a necessitous Irish migrant to become one of the most prominent industrialists that helped alter the U.S. steel industry in 19th century.

Carnegie was a big impact on society because of one of the most helpful building wise was the creation of steel. For example, steel has made a big impact on the world. Carnegie was the first to build a bridge across the Mississippi river, and he was using Carnegie’s steel. Then when he was building the bridge, and that the bridge did not wash away during the building process people started to look at steel in a different way, in a good way.

Carnegie was raised in the belief that the wealthy should use their money for the benefit of the people as a whole and that people need to work for their wealth, and he made use of these beliefs when he asserted the problems. Carnegie acquired and kept a great deal of wealth from monopolizing (or nearly completely so) the steel industry and by paying his workers minimal wages, and he forbade his workers from forming or joining unions that could alter or sway the way he ran his business. In this way, Carnegie’s response to the problems brought by the industrialization intensified the problems. On the other hand, however, Carnegie donated a portion of his fortune to public works, although he did not support charity to a high degree. The money he donated was used in the creation of libraries, foundations for various activities, and other institutions, which helped improve the quality of life for the common man and also helped the laborers have activities to do in their leisure time that could help them improve their standing in life.

Andrew Carnegie was the first young wealthiest American Capitalist of the nineteenth century who won Thomas A. Scott’s job of Railroad division. In other words, Andrew Carnegie became the founder of steel in the Gilded Age. Carnegie’s relation with his workman was not authentic in any sense, as he wants to get more work with the same or less pay. In United States of American, Gilded Age was the time period of Nineteenth century where everything seems shining and beautiful but actually it was the era of massive corruption. Although, Carnegie in his book “The Gospel Of Wealth” explains that he is a philanthropist and all the wealthy people should devote their

Andrew Carnegie introduced manufacturing and administrative innovations to the steel industry, dramatically increasing the efficiency of steel production; this stimulated the growth of American industry, creating new jobs and aiding working class Americans. In order to manufacture steel more prolifically, Carnegie introduced the Bessemer process to the American steel industry. This process allowed pig iron to be converted to steel far more efficiently than prior methods had, and as a result, the price of steel dropped more than seventy percent (Carnegie, Andrew. The Empire...233). Because the Bessemer process eased the manufacture of steel, the cost of steel production decreased; consequently, buying steel was not as expensive as it had previously

In 1872 Andrew Carnegie focused all of his intention into a single project, a new steel-rolling mill. Not even a year later he had accomplished this and began his empire of the steel mills of America. A major cornerstone came to Andrew Carnegie's success came in his use of systematic analysis to evaluate his worker's performance, he was the first manufacturer to do so. Even though Andrew Carnegie created the Edgar Thomson Works