Was Andrew Carnegie a Hero

879 WordsNov 13, 20124 Pages
Was Andrew Carnegie a Hero? “The man who dies rich, dies disgraced” John Perricone Period 6 Was Andrew Carnegie a Hero? Andrew Carnegie is known as the king of steel. He was born November 25, 1835 in Dunfermline, Scotland. In 1848 he and he and his family immigrated to America and ended up in Pittsburg, where they lived in a small house and had very little money. In 1872 he traveled to England where he met Henry Bessemer, the man who converted iron into steel. He took Bessemer’s brilliant steel-making process back to America and built several steel mills in Pennsylvania. At the age of 65 he finally decided it was time to move on from the mills and he sold the Carnegie Steel Company to J.P. Morgan for $480,000,000. A hero is…show more content…
There he met Henry Bessemer, who had developed a special method for converting iron into steel. Carnegie then adopted this technique and applied it to his newly built steel mills in the U.S. Soon Carnegie revolutionized the steel industry by creating a monopoly using his business strategy of vertical integration. Years later he sold the Carnegie Steel Company to J.P. Morgan for $480,000,000, of which Carnegie revived $225,639,000 for his share. The fact that Andrew Carnegie went from being a poor immigrant to one of the world’s most revered and wealthiest business icons, is truly an inspiration for people knowing that you can accomplish anything. It is easy to see how some people could make the argument that Andrew Carnegie was not a hero, but in fact a “robber barron”. You could say that Carnegie’s business practices of vertical integration and his philosophy of Social Darwinism only benefited the few. Also that it created an unfair opportunity for other business to succeed as well. Although Andrew Carnegie was in fact a hero because he developed successful business strategies, was a great philanthropist, and was an inspirational “rags to riches” story. Andrew Carnegie revolutionized the way people ran their business, made America a dominant power in the steel industry, and set an example for those of wealth and how they should give
Open Document