Impact Of The Steel Industry On The Economy

The Industrial Revolution was of great importance to the economic development of the United States. The new era of mass production kindled in the United States because of technological innovations, a patent system, new forms of factory corporations, a huge supply of natural resources, and foreign investment. The growth of large-scale industry in America had countless positive results, but also negative results as well. Industrialization after the Civil War affected the United States in several ways including poverty, poor labor laws, and the condition of the people.

Some of these immigrants contributed brilliant ideas and new inventions. One of the great minds, which helped our great country grow, was Andrew Carnegie. Andrew Carnegie was one of America greatest industrialist. He moved to the United States at the age of 13. He was the son of a poor Scottish textilist, living in Pittsburgh, Pennsylvania. Andrew may have been only a boy, but one thing he learned from his father was to work hard, because of this he thrived in his work. Andrew began his work at the age of 13, for a telegraph messenger service. After a few years Andrew had so perfected his job that he was one of the two people in the United States that could recognize what the Morse code was without using a chart to translate it. This hard work ethic paid off for Andrew, as he became one of the first immigrants to become a giant figure in the business world. During the civil war he built Carnegie steel company into a steel empire using the Bessemer process to convert Carnegie steel company into the largest and most successful steel company in the world. The Bessemer process was a process to control all factors, which contributed to the production of steel from the ore and coal in the ground to the steel billet and the steel rail.

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

It illustrated the poor conditions of labour, which contributed to industrialization and a labour union, which took care of fighting for benefits and the working conditions of these child labourers. Andrew Carnegie’s article (as seen in document D) proposes the idea of the rich using their wealth to improve society, as he believed that the fact that a person was rich, showed that he was more fit than others. Carnegie acknowledged that the living conditions were poor and wanted to help change that. This introduced industrialization into the Gilded Age. In the late 19th Century, Carnegie led the enormous expansion of the American steel

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 early nineteenth century was an important period in the development of the United States. It saw a huge increase in population—through both higher birthrates and immigration—and the growth of a more stable and profitable economy. It also brought huge innovations in technology. The Industrial Revolution of the early nineteenth century produced some of the most important inventions in American history. The five most important inventions among these were the reaper, the cotton gin, the steam boat, trains and railroads, and the telegraph.

Andrew Carnegie in my opinion had the biggest impact on America today with his steel making business because of the idea it gave people on how to build and construct buildings and bridges that we see today. For example the Eiffel Tower, Brooklyn Bridge, and the Empire State Building etc. As you can see steel is a predominant material used in construction. Also some of Carnegies conditions in his factories led to some of the most none strike in US history.

The growth helped transport goods more efficiently and diversify the market. Document 5 shows that from 1850 to 1900, industry based on animals and humans decreased while industry bases on water and coal increased. This provides evidence that industry was more reliant on resources instead on animals and humans. Water and coal resources effectively created power sources and pushed forward industrialization (Doc 5). Document 7 states “In 1882 the Carnegie Steel Company.. Inaugurated a policy whose object was to control all the factors which contributed to the production of steel, from the ore and coal in the ground to the steel billet and the steel rail.”

The nineteenth century was a time of progress for the United States, a time when a free-enterprise economy ruled the industrial sector. It was also the time when one of the greatest entrepreneurs achieved dominance, Andrew Carnegie. A captain of industry, Carnegie built and ran his a steel company in Pennsylvania. The free enterprise system was both necessary and conducive to Andrew Carnegie's success. It gave him freedom to make his own economic decisions, such as where to work and how to treat workers.

Throughout his years, Andrew Carnegie aided in the industrialization of America. helped shape society, and widened the gap between the social classes. During the reconstruction era Andrew carnegie was a huge contributor to the economy. With his steel industry reaching a momental high, increasing the demand and starting the economy on a downward spiral. His steel production methods led America to become a mas-industrialized nation while widening the economic gap between the rich and poor.

One of the captains of industry in 19th century America, Andrew Carnegie, helped build the formidable American steel industry, a process that turned a poor young man into one of the richest entrepreneurs of his age ("Andrew Carnegie"). Andrew Carnegie was beneficial to America in many ways. He did this through the new technology he introduced to the steel industry, new programs, public works, and other acts of generosity he committed. However, not only did he benefit the United States, but he also preached world peace and helped to improve Europe, which indirectly benefited America. Andrew Carnegie positively affected America through not only himself, but also his “ Carnegie Steel Company.”

The factories he produced, the industry he created and his business monopolization are all ways Carnegie impacted the modern world. The factories he made more efficient with his ingenious thinking and productivity, his industry he created all with prior knowledge and developing the skills for the industry of steel he chose to invest in and finally he used business monopolization methods to then outdo his opponents and buy the competition out. Along with Carnegie, many others have changed the present way people view business and the business world although Carnegie's impact will be forever acknowledged. Future generations will study and learn about his actions as an industrial man through his vast steel empire he made throughout the United

The article "Why in America" by Nathan Rosenberg, we learn how manufacturing was important impact on America during the nineteenth century. America was primarily borrowed the European technology and the rate of technical change increased. There were three major reasons why american manufacturing has increased rapidly. The three reasons of rapid increase of American industries were the increase of population growth, larger amount of natural resources, and specialized machines.

Andrew Carnegie was one of the men who built America because of the steel company he made by his determination. One of the wealthiest persons in the 19h century that had worked on railroad first until he started to invest in company stock. The beginning of the STEEL TYCOON! He built the Carnegie Steel Company and utilized his own method of transport and shipping to revolutionize steel production in the United States (Biography.com). The DETERMINATION of one man can change the world in many

Industrialization was very beneficial to American business owners. Following the civil war, industries transformed into modern powerhouses. Big business owners who seized power in these industries became even bigger. New inventions led to new thriving industries. Iron, for example, was replaced with ultra-strong steel. Andrew Carnegie built the biggest steal business in the world. One main reason why steel was in such