Wait a second!
More handpicked essays just for you.
More handpicked essays just for you.
Andrew carnegie 2nd industrial revolution
Andrew carnegie 2nd industrial revolution
Andrew carnegie 2nd industrial revolution
Don’t take our word for it - see why 10 million students trust us with their essay needs.
Recommended: Andrew carnegie 2nd industrial revolution
Andrew Carnegie is known as the man who was born in the poorest living conditions but died one of the richest men in the world. He was renown for his judgment of character and business opportunities. He is most widely recognized for providing the capital and opportunity for an innovation that would make steel stronger and more affordable. Andrew Carnegie is a major driving force behind the industrialization of American and the impact that he had can still be seen today across Pennsylvania and the World.
Andrew Carnegie was born in 1835 in Dunfermline, Scotland. Throughout the industrial revolution, large organizations had taken over traditionally home run industries such as textiles. Andrew’s father, a weaver, resorted to making and selling
…show more content…
Before Carnegie Steel, American railroad companies would pay $170.00 per ton of English steel rail, in part due to high protective tariffs. By 1889, Carnegie Steel had surpassed Great Britain in steel production. Carnegie Steel was producing so much steel that the price American Railroad Companies had to pay for rail was reduced to $30.00 per ton. Most railroad workers of the time were of the opinion that American rails were of a better quality. Mr. Jones did not get to live his dream out for long, he died a few year after he entered the …show more content…
He was seeking to sell Carnegie Steel to John Pierpont Morgan. In 1901, J.P. Morgan jumped at the opportunity to merge the majority of steel plants in America. The largest industrial transaction in the world gave birth to the United States Steel Corporation. It was the first company in the world to have a capital of over a billion dollars. Andrew Carnegie devoted the rest of his life to writing and philanthropy. He believed that he could make the world a better place by donating his money to education. With his extensive fortunes, he built over 2,500 libraries worldwide, a majority of which are in Pennsylvania. He also created cultural centers like Carnegie Hall and museums like the Carnegie Museum of Natural History, which is located in
Morgan, Rockefeller and Carnegie were all robber barons. They all showed that they were robber barons because they were all cruel and ruthless. John d. Rockefeller was a cruel and inhuman person to his worker. He treated his workers like slaves, low pay, long working hours and he disliked union activity from anyone. Andrew Carnegie another ruthless person that would stop at nothing to win. He would compete against others and fiercely try to squash the opponents. He was a very possessive and control person.Morgan mount govern one of the less cruel and ruthless of the two powerful businessmen. Morgan criticized for creating monopolies by making it difficult for any business to compete against his own. These three business man all have done bad
Industrialists Andrew Carnegie and Henry Clay Frick could not have come from more different backgrounds. Carnegie was born in the Scottish town of Dunfermline to a very poor family in 1835. When he was 12 years old, his father, a weaver, decided to move the family to the United States in search of better prospects, arriving at what was then the municipality of Allegheny, Pennsylvania, now part of Pittsburgh’s North Side. By that time, Pittsburgh was already known as a major center for the production of steel and other metals. In 1853, at the age of 18, Carnegie was hired as a telegraph operator for the Pennsylvania Railroad, and became a protégé of Thomas A. Scott, who would soon rise
Andrew Carnegie, the monopolist of the steel industry, was one of the worst of the Robber Barons. Like the others, he was full of contradictions and tried to bring peace to the world, but only caused conflicts and took away the jobs of many factory workers. Carnegie Steel, his company, was a main supplier of steel to the railroad industry.
Andrew Carnegie, was a strong-minded man who believed in equal distribution and different forms to manage wealth. One of the methods he suggested was to tax revenues to help out the public. He believed in successors enriching society by paying taxes and death taxes. Carnegie’s view did not surprise me because it was the only form people could not unequally distribute their wealth amongst the public, and the mediocre American economy. Therefore, taxations would lead to many more advances in the American economy and for public purposes.
In the documents titled, William Graham Sumner on Social Darwinism and Andrew Carnegie Explains the Gospel of Wealth, Sumner and Carnegie both analyze their perspective on the idea on “social darwinism.” To begin with, both documents argue differently about wealth, poverty and their consequences. Sumner is a supporter of social darwinism. In the aspects of wealth and poverty he believes that the wealthy are those with more capital and rewards from nature, while the poor are “those who have inherited disease and depraved appetites, or have been brought up in vice and ignorance, or have themselves yielded to vice, extravagance, idleness, and imprudence” (Sumner, 36). The consequences of Sumner’s views on wealth and poverty is that they both contribute to the idea of inequality and how it is not likely for the poor to be of equal status with the wealthy. Furthermore, Carnegie views wealth and poverty as a reciprocative relation. He does not necessarily state that the wealthy and poor are equal, but he believes that the wealthy are the ones who “should use their wisdom, experiences, and wealth as stewards for the poor” (textbook, 489). Ultimately, the consequences of
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.
Over the years Carnegie became tired of being in the steel business, so when J.P Morgan and his partners were interested in Carnegie’s Steel Company, Carnegie found that way would be a great way to get out of that world. Carnegie sold his company to them left them to $480,000,000, that was the second smart move for him. In 1901 Carnegie became the richest man alive, and he knew he had to give it away when he died.
In Harold C. Livesay’s Andrew Carnegie and the rise of Big Business, Andrew Carnegie’s struggles and desires throughout his life are formed into different challenges of being the influential leader of the United States of America. The book also covers the belief of the American Dream in that people can climb up the ladder of society by hard work and the dream of becoming an influential citizen, just as Carnegie did.
Steel Company after a serious, bloody union strike.He saw himself as a hero of working people, yet he crushed their unions. The richest man in the world, he railed against privilege. A generous philanthropist, he slashed the wages of the workers who made him rich. By this time, Carnegie was an established, successful millionaire. He was a great philanthropist, donating over $350 million dollars to public causes, opening libraries, money for teachers, and funds to support peace.
Andrew Carnegie was a Scottish American industrialist who led the enormous expansion of the American steel industry in the late 19th century. He built a leadership role as a philanthropist for America and the British Empire. During the last 18 years of his life, he gave away to charities, foundations, and universities about $350 million – almost 90 percent of his fortune. His 1889 article proclaiming "The Gospel of Wealth" called on the rich to use their wealth to improve society, and it stimulated a wave of philanthropy.
Andrew Carnegie believes in a system based on principles and responsibility. The system is Individualism and when everyone strives towards the same goals the system is fair and prosperous. Carnegie’s essay is his attempt to show people a way to reach an accommodation between individualism and fairness. This system can only work if everyone knows and participates in his or her responsibilities. I will discuss Carnegie’s thesis, his arguments and the possible results of his goals.
Carnegie joined Thomas Scott during the civil war and developed a military graphing system. After this he advanced from telegraphy going through railroading and bridge building until he found himself in steelmaking, where he would make his profit. Due to his practical and ambitious ways, Carnegie wanted to dominate the steel industry, leading him to be tyrannical and a dishonest. Carnegie’s talent lied within promoting and selling steel rather than the technical part of steelmaking. Much like Rockefeller, Carnegie was also philanthropic because he gave much of his money away to build libraries, hospitals, parks, etc.
Carnegie saw how bad the wooden railroads were, so he proceeded to slowly replace them with iron ones. Carnegie's charm, perception, and hard work led to becoming one of the world's most famous men of the time, and led to the first corporation in the world with a market capitalization in excess of one billion when he sold his companies to John Morgan who called them United States Steel Corporation.
Andrew Carnegie was born November 25, 1835 in Dunfermline, Scotland. He was born to a family of weavers, a prominent occupation in his hometown. In 1847, the increased linen production from steam powered looms caused Carnegie’s father to lose his job. Carnegie’s mother went to work trying to provide for the family. This is when Carnegie says “I began to learn what poverty meant, it was burnt into my heart then that my father had to beg for work. And then and there came the resolve that I would cure that when I got to be a man.” (Carnegie, 1920)
Speaking of where that money, in document #10 we see a small cartoon post from The Saturday Globe, Utica, New York, July 9, 1892. At the bottom it conveys, “Forty Millionaire Carnegie in his Great Double Role” With this message, it displays Carnegie both giving away a Library to Pittsburgh and money to Scotland, and cutting wages from workers. This drawing signifies what he does with the money rather than paying his workers with that money. Looking at wages in document #7 helps to see how much a worker are paid in a chart, even though iron and steel workers look like they have decent wages(daily hrs. 10.67, daily wages 1.81), it was to many unfair wages. Compare this to Carnegie’s daily “wage” was ninety two grand! Confirming wages are unfair.