Impact Of Andrew Carnegie's Impact On America

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.

Born on November 25, 1835, in Dunfermline, Scotland, Andrew Carnegie was the second son of Will and Margaret Carnegie. His father was handloom weavers while his mother worked for a local shoemaker. In 1848, the Carnegie family came to America hoping for better economic opportunities and established in Pennsylvania and this is when Andrew Carnegie formal education ended because his family had no money for education. He then got his first job as a bobbin boy at a cotton factory, earning $1.20 a week. After this he had quite a few different job one of which was at the railroad where he made got money and that’s when he was able to make some investments in coal, iron and oil companies and a manufacturer of railroad sleeping cars. In 1865, Carnegie left the railroad job and he continued his ascent in the business world. But because the railroad industry experienced a rapid growth during that time in the United Stated, Carnegie made an investment in the railroad business and by the age of 30th he was the richest person. In the early 1870s, he started working in the steel business, and very soon he became one of the most important people in the field. Despite of his success in 1901, he sold his steel company to banker John Pierpont Morgan for $480 million. Carnegie then dedicated

     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

To begin with Andrew Carnegie started his working career as a bobbin boy at a cotton mill. After much success he realized that he wanted to create something even bigger. It was then in 1865 when he set out on his own to establish the Carnegie Steel company, which then sparked the Steel industry in Pittsburgh

Andrew Carnegie’s most well know impact was his impact in the steel industry. In Pittsburgh, Andrew Carnegie co-founded his very first steel company in the early 1870’s. He adopted the Bessemer process to make his desire of making steel more cheaply and efficiently capable of happening. By 1889, most of the steel production in the United States was under Andrew Carnegie’s control. The steel industry was doing so well that it outpaced the steel production in the United Kingdom. Along with the United States outpacing the United Kingdom still production, Andrew Carnegie was also one of the wealthiest men in America.

Andrew Carnegie used the power he had in a very positive way. Carnegie often donated money to different causes. For example, one of his goals from the time he was a young man was to help in the accomplishment of world peace. So, after he sold his steel company for $480 million (or in today’s dollars, about 14 trillion dollars), he started attempting to complete his goal. Between the years of 1903 and 1914, Andrew Carnegie created four

These investments provided him with the opportunity to create his own company Carnegie Steel. According to Biography.com Carnegie “revolutionized steel production in the United States. Carnegie built plants around the country, using technology and methods that made manufacturing steel easier, faster and more productive.” (Steel Tycoon 1)

Throughout history the United States has remembered Andrew Carnegie and what he did to influence the world. Many of us want to make our mark on the world and Andrew Carnegie is a great example of that. Carnegie was a man that accomplished this. Although many others like Henry Ford, Vanderbilt, and John D. Rockefeller were well involved in the revolutionary war and also had a great big impact on the world, I believe that Andrew Carnegie had the biggest impact. All of these men including Andrew Carnegie competed with one another to be the richest man in the world as well as have the biggest company. Andrew Carnegie made an impact when he displayed the characteristics of building a business enterprise that

Andrew Carnegie is known for being a Captain of Industry who served their country greatly. Carnegie got this title since he ended up one of the richest men on the planet. One motivation behind why Carnegie is viewed as a Captain of Industry is on the grounds that he helped deliver steel in a more proficient manner. Another motivation behind why Carnegie is a Captain of Industry is on account of without him we would not have libraries that are interested in each race, culture, and religion. Carnegie is likewise viewed as a Captain of Industry in light of the fact that despite the fact that he gave all his cash away at last, Carnegie was considered as one of the most powerful person in the United States. Despite the fact that Carnegie is known for being a Captain of Industry, he is also known for being a Robber Baron. Carnegie is a viewed as a Robber Baron since he had his specialists work in his factories which have poor and dangerous working conditions. Carnegie is additionally a Robber Baron in the fact that as he succeeded and moved toward becoming the most richest men in the world. The last thing behind why Carnegie is a Robber Baron is because of when his specialists got up from working for essentially no compensation and went on strike which he chose to have one of his head representatives stop the strike to get Carnegie laborers to work for him once more. To finish up Carnegie changed the world with his innovation of steel and he changed history due to his great innovations and

It is illustrated in document 1 that he started from being super poor to being a millionaire over the course of about 30 years. This shows how hard Carnegie had worked during those years. (Doc 1) Another illustration of Carnegie’s achievement is a graph by an artist named, Robert Nedronida. The graph depicts a map of all the properties that Carnegie purchased with description of each of every one of them. This demonstrates Carnegie as a hero because all the companies he owned serves a purpose of helping people utilize sources that we use today. For instance, one of his companies called Carnegie’s Oliver Iron Mining Co. has influenced how we use oil to pave the roads, to make things, and to heat our homes. In addition, he gave people jobs and opportunities by owning all these companies. (Doc

In addition, Carnegie’s company built the first steel plants in the United States that used the Bessemer steel-making process, a revolutionary industrial development that also produced steel from iron cheaply and efficiently. (Hendrick 5). However, like J.P. Morgan, Carnegie, too, eliminated competition by buying other companies. He also used a method, known as vertical combination. This meant that he bought firms that were interdependent for the supply of raw materials for processing, like railroad companies and iron mines. By owning these businesses, Carnegie was able to reduce his costs and produce steel cheaper. As Carnegie’s methods made the manufacturing of steel faster, easier and inexpensive, he was considered a steel magnate. He created a steel empire by taking ownership or factories, raw materials and transportation infrastructure involved in steel-making in order to eliminate any inefficiencies that would keep him from profiting as much as he could. However, while he put so much effort into keeping his costs down, he did not keep his workers’ best interest at heart. By supplying his products at a lower cost than his competitors, he overworked and

Looking at Andrew Carnegie`s early life is particularly important in order to understand the magnitude of his achievements. Andrew Carnegie was born in a small town in Scotland. His father, well known for his vast array of knowledge, was a weaver, the main industry in town. Carnegie`s comprehension of entrepreneurship began at an early age. His family could hardly afford to feed their rabbits, so Carnegie recruited other children in the town and would end up naming a rabbit after each child that helped proving the importance of personal investment in their work. After the invention of automated looms, the Carnegie’s lost everything and moved to Pittsburgh. Carnegie worked at a loom factory and soon after was offered a job to deliver messages by telegraph. Five short years after the family moved to Pittsburgh, Carnegie got a job at the Pennsylvania Railroad. Andrew Carnegie, overworked and exhausted because of his involvement in rebuilding telegraph lines and railroad tracks during the Civil War, began his investing career as an entrepreneur after having a mild stroke. He saw the

There are some famous inventors that I think have changed America’s history because of their inventions. Eli Whitney inventing the cotton gin, Nikola Tesla inventing the first AC motor, and Elijah McCoy inventing the lubricator for steam engines.

Carnegie grew up in a similar life style as Rockefeller. Him and his family was very poor, and his first job was working at a cotton mill, where earned $1.20 per week. Carnegie later got a promotion as a bookkeeper. Years later, he was also a telegrapher. Later he reached a job that he enjoyed which was a personal secretary for a railroad company. During the civil war, he would help transport soldiers to the hospital. He earned a small amount of money and he soon invested it in steel. As he got more money, he would buy other railroad companies and iron mines. When he owned these companies, he would reduce his costs and produce cheaper steel. His company was Carnegie Steel Company, which he later sold to J.P Morgan for 500 million dollars. Before his death, Carnegie also donated his money to public foundations. He built Carnegie-Mellon University and Carnegie Hall, which is well known to this day in New