Andrew Carnegie, Business magnate, History of technology 843 Words 3 Pages Before Carnegie Became a Tycoon When the average person thinks of Pittsburgh, Pennsylvania the first thing that comes to mind is either there sports teams or that it is the birthplace of mass-produced steel. Carnegie also made a very successful investment in a Pennsylvania oil company. Prior to the Civil War, steel could only be made in small batches of 50-75 pounds or so at a time, making it prohibitively expensive for widespread industrial-scale use. . Gould was like Fisk in that he was famous for using unscrupulous, underhanded methods to attain his wealth.
Andrew Carnegie was a Scottish-American industrialist who led the enormous expansion of the American steel industry in the late 19th century. Work hard, as much as sixteen hours every day. Because of Andrew Carnegie's stand against harsh labor, expansion of the steel industry, and extreme generosity with ongoing philanthropic work, history will record him as the most influential person of the Twentieth Century. Labor newspapers gave him the benefit of the doubt for a few years, even as he was trimming wages. Ford greatly disliked institutional charity, but he did contribute personal funds to organizations that he created, such as the Henry Ford Hospital for the working poor who could afford to pay some of the cost of their medical care.
One thing was that there was one church in pull man, and one-either of the population going to religious. Rockefeller oil - Cleveland, Ohio. By the time Wilson did in 1917, Carnegie was in failing health. His wit and bonhomie, his financial acumen and penchant for shameless flattery made him a consummate salesman. The exposure to such political beliefs and his family's poverty made a lasting impression on young Andrew and played a significannot role in his life after his family immigrated to the United States in 1848.
But Carnegie feels responsible and donates millions to rebuild Johnstown. He had managed to monopolize the market with a never ending demand. Claim: Carnegie is a philanthropist whose apart of the steel industry. The Carnegies are one of the many working-class. At the time, Geram lords would charge a toll to any ship which sailed on the Rhine. Andrew Carnegie, Bill Gates, John D. In 1859 he began business on his own, forming a partnership with Maurice Clark who was a neighbor.
They came for middle class families, where they would have had greater access to better jobs with better working conditions. This company was one of the first big trusts in the United States, thus much controversy and opposition arose regarding business strategies and its organization. Andrew Carnegie was seen as both. Summary of the Gospel of Wealth: Philanthropy: Quotes The Gospel of Wealth was a famous essay he wrote in 1889 in which he stated that a rich man should distribute any surplus of his wealth for the general welfare. By 1888, Andrew Carnegie had a large steel plant, which provided many jobs for Americans around Pittsburgh. He married Laura… 1369 Words 6 Pages 15, 2001 The Rockefellers feared the temptations of wealth, yet a visitor once described their estate as the kind of place God would have built if only he'd had the money.
Today, this kind of activity could land you in jail, but things were different back then. For many reasons including his wealth. This dam holds 20 million tonnes of water. They were so called because their methods of enriching themselves were equated to feudal lords of medieval Europe, who stole from both travelers and serfs. When the Homestead strike occurred, rather than negotiating and allowing a union to form, Carnegie had the strike crushed by force which subdued any union organization. Captains of industry, however, were often philanthropists.
His career progressed from being a bobbin boy in a textile factory to becoming a messenger boy in a telegraph office, then an operator, and advancing through the office ranks of the Pennsylvania Railroad Company until he was superintendent of the railroad's western division. Lewis, said he was a mean-spirited, ruthless, business type who prostituted his workers and forced them to work in very dangerous conditions. Members of The South Fork are sued, unsuccessfully. Rockefeller dramatically changed the business field during The Gilded Age. Carnegie invested in many factories.
What few realize about Carnegie was that his insatiable drive for more and more wealth, without limit, was tied linearly to his conviction that it was his duty to give it all away by the time of his death—so that, the richer he became, the more beneficent he could be. Which leads us to why do we consider these great, powerful men to be robber barons?. Following the war he gravitated to Wall Street, and after becoming partners with Jay Gould, he became famous for his role in the , which he and Gould waged against Cornelius Vanderbilt. It must have been a lot back then too. While they made unusual advancements that greatly helped the public, they also caused many problems. Growing up as an immigrant, who started with nothing at all, he became greedy with his money. Reading between the lines, my diagnosis is that Carnegie was the master of creative destruction, including creatively destroying his own not-so-old mills by replacing them with new and improved equipment as soon as it became available.