Why Is Andrew Carnegie A Captain Of 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,

Andrew Carnegie, the “King of Steel”, the benevolent employer, the giant of industry, was among the greatest influences of the second industrial revolution. It is sometimes questioned whether Carnegie was the ruthless, sneaky steel tyrant some made him out to be, or the generous, benevolent education benefactor he appeared to be. I believe him to be a combination of both, but more so the great giant of industry.

Born on November 25, 1835 in Dunfermline, Scotland to William and Margret Carnegie, Andrew’s childhood began as a simple one. His father was a weaver in Dunerfermline and, although successful, his earnings allowed his family to live a basic but comfortable life. William hoped to pass down his trade to Andrew when he came to age, so he began to expand his business in anticipation of the additional labor, but this dream was not to be.

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

Finally, Carnegie should be considered a hero because of his philanthropy contributions and donations to society. Andrew Carnegie believed that the best way to spend your fortune was to devote it for the most beneficial results for the community by providing them what they could not do for themselves (Doc 8). Carnegie spent most of his life gaining immense amounts of money and becoming one of the richest men of the 19th century. Once he retired, he felt he needed to use his

It has been thoroughly debated whether Andrew Carnegie was a captain of his industry or a robber baron. He was a successful entrepreneur that created the Carnegie Steel Company in the late 1800s, a company that monopolized the production of steel. It has been ardently deliberated whether Andrew Carnegie was a robber baron who mistreated his workers and destroyed unions or that he was a captain of industry who paved the way for future steel companies. There are also many accomplished entrepreneurs in the world today that were much like Andrew Carnegie.

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

Andrew Carnegie was a man who started from nothing and built his way up to find his fortunes in world of steel and factories and after retiring set himself to a life of philanthropy donating his fortunes to the people. This isn’t to say he was an entirely good person however, as his time as a business owner and as an employer. Whether he was a captain of industry or a robber baron is up to your opinions, but I believe he was a true captain of industry.

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

Besides the people who thought Andrew Carnegie was a captain of industry others thought the opposite. He was a rich robber baron who was a “Robbin’ Hood, who would steal from the working man to give to himself. He gave wealth to the poor was true, but it was not his own money, it was the money from the left over low wages of the workers while keeping his own. People believed that he was a robber baron giving away money that was not really his. This made him a robber baron even though having the captain of industry

Carnegie was very poor during his childhood, and this will cause him to try a variety of jobs that inevitably led to his steel empire. “Andrew Carnegie was born November 25, 1835 in Dunfermline, Scotland. His father, William Carnegie, a prosperous handloom weaver at the time of Andrew’s birth, was unable to compete with the new technology of steam loomers and fell into poverty as Andrew grew older,” (UXL biographies). In 1848, Andrew and his family immigrated to Allegheny City, Pennsylvania, and Andrew got a job at a

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.

Carnegie did not come from a wealthy family, he like other had to work his way up the class latter, Carnegie worked in a Pittsburgh cotton factory as a boy before rising to the position of division superintendent of the Pennsylvania Railroad in 1859.” Carnegie initiated the first of the uses for steel in railroads. As a young man Andrew Carnegie had worked on railroads, so he knew that he could take advantage of his skills. The name of his company was called Carnegie Steel. His innovative ideas to make the use of steel helped create what we see now in the United States, “In a desire to make steel more cheaply and more efficiently, he successfully adopted the Bessemer process at his Homestead Steel Works plant.” Carnegie took a simple process and converted it into a renowned national industry. A system that helped Carnegie’s business success was due to Vertical Integration.Vertical Integration is the taking over of all the different businesses’ suppliers so that a company would only rely on this for its main function, he took in many other companies so that his wealth could grow. However, even Carnegie knew that he had to give back money. Now as a philanthropist, Carnegie donated over the course of his lifetime about three

Noteworthy. Andrew Carnegie managed to overtake the business world by storm single handedly. During the Gilded Age, were the economy grew and the rich flourished, he managed to develop wealth and prosper from steel. Despite his actions being genius, they were far from heroic. Carnegie should be considered an eminent business man. Andrew Carnegie, although not a heroic figure, is a legend to the business world due to his innovative pioneering, business techniques, and leadership expertise.

Andrew Carnegie, originally from Scotland, took advantage of the time and created a vertically integrated steel company. Being a vertically integrated company meant he controlled every phase of business from the raw materials to transportation, manufacturing, and distribution of steel. He was a dictator in his company and his factories operated non-stop everyday except for the fourth of July. He believed that the rich had a moral obligation to advance society and he distributed a lot of his money to philanthropies like the creation of public libraries in towns throughout the country. He was seen as a captain of the industry and inspired Americans to become industrial leaders. He was also seen as a “robber baron” because of his dictatorial attitudes, repressive labor, and domination of power and