Andrew Carnegie Term paper

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Andrew Carnegie
Andrew Carnegie and the Rise of Big Business Andrew Carnegie was the pioneering tycoon of the 19th century. From his companies emerged the steel to build the infrastructures such as ...

A man of Scotland, a distinguished citizen of the United States, and a philanthropist devoted to the betterment of the world around him, Andrew Carnegie became famous at the turn of the twentieth century and became a real life rags to riches story.

Born in Dunfermline, Scotland, on November 25, 1835, Andrew Carnegie entered the world in poverty. The son of a hand weaver, Carnegie received his only formal education during the short time between his birth and his move

Andrew Carnegie
Andrew Carnegie was often noted as saying, The man who dies rich dies disgraced. (The American Experience: Andrew Carnegie). Unlike many of the other captains of industry at ...
to the United States. When steam machinery for weaving came into use, Carnegie’s father sold his looms and household goods, sailing to America with his wife and two sons. At this time, Andrew was twelve, and his brother, Thomas, was five. Arriving into New York on August 14, 1848, aboard the Wiscasset from Glasgow, the Carnegies wasted little time settling in Allegheny City, Pennsylvania, a suburb of Pittsburgh, where relatives already existed and were there to provide help. Allegheny City
Andrew Carnegie
One of the captains of industry of 19th century America, Andrew Carnegie helped build the formidable American steel industry, a process that turned a poor young man into one ...
provided Carnegie’s first job, as a bobbin boy in a cotton factory, working for $1.20 a week. His father also worked there while his mother bound shoes at home, making a miniscule amount of money. Although the Carnegies lacked in money, they abounded in ideals and training for their children. At age 15, Carnegie became a telegraph messenger boy in Pittsburgh. He learned to send and decipher telegraphic messages and became a telegraph operator at the age of 17. Carnegie’s
Andrew Carnegie
Andrew Carnegie Essay written by aliciareagan@neo.tamu.edu A man of Scotland, a distinguished citizen of the United States, and a philanthropist devoted to the betterment of the world around him, Andrew ...
next job was as a railroad clerk, working for the Pennsylvania Railroad. He worked his way up the ladder, through his dedication and honest desire to succeed, to become train dispatcher and then division manager. At this time, young Carnegie, age 24, had already made some small investments that laid the foundations of his what would be tremendous fortune. One of these investments was the purchase of stock in the Woodruff Sleeping Car Company.

In 1864, Carnegie entered the iron

Andrew Carnegie
Andrew Carnegie Essay written by aliciareagan@neo.tamu.edu A man of Scotland, a distinguished citizen of the United States, and a philanthropist devoted to the betterment of the world around him, Andrew ...
business, but did not begin to make steel until years later. In 1873, he built the Edgar Thomson works in Braddock, Pennsylvania, to make Bessemer steel. He established many other steel plants, and in 1892, he merged all of his interests into the Carnegie Steel Company. This act from Carnegie is fitting with one of his most famous quotations, “Put all of your eggs in one basket, and then watch that basket.” This firm became one of the greatest industrial
Andrew Carnegie
Andrew Carnegie Essay written by aliciareagan@neo.tamu.edu A man of Scotland, a distinguished citizen of the United States, and a philanthropist devoted to the betterment of the world around him, Andrew ...
enterprises in America. Carnegie later sold it to J.P. Morgan’s United States Steel Corporation in 1901 for $400 million, which would be a little over $4 billion today!

After retiring, Carnegie’s fortune was estimated to be as large as half a billion dollars. From that time on, with the philosophy that the rich have a moral obligation to give away their money, he devoted himself to philanthropy. Although ironic, this man of great fortune strongly believed in the merits of

Andrew Carnegie
Andrew Carnegie was not only an outstanding industrialist, but also a great philanthropist. In the excerpt from page 105, Carnegie is stating that an end to Individualism would result ...
poverty for the development of character and work ethic, and determined that wealthy men should not leave their fortunes to their children, but should give it away, claiming “The man who dies thus rich, dies disgraced.” The picture of community service, Carnegie is quoted as saying, “Pittsburgh entered the core of my heart when I was a boy, and cannot be torn out. I can never be one hair’s breadth less loyal to her, or less anxious to help her
Andrew Carnegie
A man of Scotland, a distinguished citizen of the United States, and a philanthropist devoted to the betterment of the world around him, Andrew Carnegie became famous at the turn ...
in any way, than I have been since I could help anything. My treasure is still with you, and how best
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