Rags to Riches

1945 WordsNov 28, 20058 Pages
Rags to Riches Harold Livesay's Andrew Carnegie and the Rise to Big Business portrayed Andrew Carnegie as a perfect example of the American Dream. From rags to riches is a journey that Andrew Carnegie portrayed through out his life. He was born into poverty in Scotland, moving to America in 1848. Andrew Carnegie started as a bobbin boy to one of the first tycoons of big business in America. With the jobs he did hold he applied the knowledge and techniques from job to job to generate his fortunes. Through seeing the importance of educating himself, he gave back to which he took so much from. By doing so, he ensured the future of making the American Dream possible for anyone, citizen or immigrant. Andrew Carnegie was born on…show more content…
Andrew Carnegie and few other associates created Cyclops Iron Works in 1864, through the bitter betrayal of Kloman. Andrew Carnegie first brought cost-based pricing and management to manufacturing just as he did in the Railroad industry with his time under Tom Scott, it took time to prefect, "but he was determined, and he owned a majority of the firm so he prevailed." Andrew Carnegie's basic sales strategy was to know the costs involved and be able to quote a low price with the confidence that it would bring in a profit. By this time Cyclops and Kloman merged together, Kloman had had invented a metal saw that could cut exact measurements at high speeds. "By 1870 he felt confident enough to expand." The British plants still looked down at Andrew Carnegie's theory of mass production over traditional practices of filling orders when placed. The most important lesson he learned from the way he went about doing business was he had shown that his railroad management theories could in fact be used in the industrial system. 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
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