Andrew Carnegie: How Did He Acquire His Wealth

Decent Essays
• Name of Industrialist: Andrew Carnegie.
• How did he acquire his wealth?
- Andrew Carnegie was born into a family who believed in the importance of books and learning in Dunfermline, Scotland. After he immigrated to the United States in 1858, he started with his first job as a telegrapher and then invested in railroads. With constant efforts, he established the Carnegie Steel Company in 1889 that was the largest steel company in the world. He made huge sums of money from the steel industry. This led him to become wealthy.
• How he (or his related industries) treated workers.
- The conditions of his work put out very harsh for workers. He thoroughly exploited his workers by getting them to work seven days a week, twelve hours a day, and

Related Documents

  • Decent Essays

    Another change was among the wealthy class. Productions in iron and steel rose greatly because of new technologies in factories and western resources such as lumber, gold, and silver. This caused an increase in the demand for transportation improvement. Some mining companies ended up with incredible profits that brought the owners unbelievable amounts of wealth. This created an elite economic class that divulged in expensive foods and possessions.…

    • 197 Words
    • 1 Pages
    Decent Essays
  • Improved Essays

    Robber Barons

    • 495 Words
    • 2 Pages

    They are the most influential and wealthy of all the men of their era, having all the qualities it took to rise in the world that they lived in. These men include Andrew Carnegie, John D. Rockefeller, Jason “Jay” Gould, John P. Morgan, Jay Cooke, and Collis P. Huntington. Andrew Carnegie, a Scotsman who came to Pittsburg, Pennsylvania with his family of weavers, is renowned for his steel business. However, he started his career in a basement, as a bobbin boy. Eventually he worked himself up to the point where he obtained a job as a telegraph clerk working for Thomas Scott, the superintendent of the Pennsylvania Railroad.…

    • 495 Words
    • 2 Pages
    Improved Essays
  • Decent Essays

    “The first man gets the oyster the second man gets the shell” This means that if you are the first one to do it no one else can take that from you. Andrew Carnegie impacted the citizens of the United States of America because he was the first one to manufacture steel in the United States, and donated his money to educational and scientific institutions. Andrew carnegie was born in 1835 Dunfermline, Fife, Scotland his parents William Carnegie and Margaret Morrison Carnegie Ambitious for her two sons, Andrew and younger his brother Thomas, she organized a family move to the United States in 1848, when Andrew was thirteen. The Carnegies settled in Allegheny, Pennsylvania, where they had relatives and attempted to rebuild the family’s fortunes.…

    • 202 Words
    • 1 Pages
    Decent Essays
  • Improved Essays

    Andrew Carnegie, a philanthropist, was the second individual on the path to bigness in the late nineteenth century with his company, Carnegie Steel Co. Andrew Carnegie was one of the many steel company men before the 1873 depression but he had a genius for hard times and with every depression his organization gained strength . Carnegie affiliated himself with the Kloman brothers and their company, Kloman axle Company and set his connection to the iron and steel business. His control over steel companies increased as he gathered literary men, philosophers, English royalty, and U.S Senators who had positions to grant him a high steel tariff.…

    • 482 Words
    • 2 Pages
    Improved Essays
  • Improved Essays

    Carnegie helped many people out of the kindness of his heart. Andrew Carnegie helped industrialize America, he was the author of The Gospel of Wealth, and he gave back to the community by funding places in need. Andrew Carnegie helped in the industrialization of America. Carnegie was a Scottish immigrant who became one of America's robber barons. He was noted as the first robber baron to have about $450 million.…

    • 878 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    He worked people who were ready for a political rebellion. He had seen himself as a savior. He was determined to protect the poor and humble people. He was prepared to assault the rich and the powerful. The politics had fallen under the way of wealthy bankers, as well as public officials.…

    • 558 Words
    • 3 Pages
    Improved Essays
  • Improved Essays

    Andrew Carnegie, John D. Rockefeller, George Eastman and J.P. Morgan were Captains of Industry because they improved America by creating jobs, innovating their industry and giving generously to their communities. Each of them demonstrated this in many ways. One way these men proved that they were Captains of Industry was by innovating many of the booming industries. Andrew Carnegie Specialized in the steel industry. He made the industry popular by taking the idea from Great Britain to America.…

    • 419 Words
    • 2 Pages
    Improved Essays
  • Improved Essays

    Carnegie: Robber Baron and Captain of Industry On November 25, 1835, Andrew Carnegie was born in Scotland to a poor family. When he was 13, his family moved to the U.S. As a young child, he went to go work at a railroad as a assistant and a messenger for Tom Scott, one of the owners on the railroad. On a quest to build a bridge across the mississippi, he came upon a new steel refining process. After taking many loans, and using most of his money, he build a new factory using this new process, called the Carnegie Steel Company.…

    • 620 Words
    • 3 Pages
    Improved Essays
  • Improved Essays

    Throughout the Progressive Era, the typical work day consisted of long hours and poor working conditions until Samuel Gompers transformed the entire work force that evolved to today's average working day. Samuel Gompers mobilized the the work force tremendously with great dedication and passion for a better life for all working men. Gompers pushed to end child labor and a limited workday with manageable working conditions. Samuel Gompers changed the lives of working individuals and with great motivation and preparation, he was able to contribute the eight hour work day, better working conditions, and an end to child labor.…

    • 819 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    Rockefeller, Cornelius Vanderbilt, Andrew Carnegie, Henry Ford, J.P. Morgan, and Thomas Edison. They constructed a bold vision for modern America and transformed tremendously. Down to oil, rail, steel, shipping, automobile and finance. Background about Andrew Carnegie Andrew Carnegie was a famous businessman and philanthropist and one of the richest men in history of the world.…

    • 742 Words
    • 3 Pages
    Improved Essays
  • Decent Essays

    Captain Of Industry Essay

    • 492 Words
    • 2 Pages

    Andrew Carnegie is the perfect example of a “rags to riches” type of person. He was born on 1835 in Scotland. Due to financial problems and instability, he and his family moved to the United States in hope of a better future. One of his many jobs was as a messenger boy for the Ohio Telegraph Company. With time and hard work, Carnegie was later employed by the Pennsylvania Railroad Company as a secretary/ telegraph operator.…

    • 492 Words
    • 2 Pages
    Decent Essays
  • Improved Essays

    My entrepreneur, Andrew Carnegie, was a Captain of Industry. His philanthropy, and compassion to others shows his Captain of Industry side. However he committed some Robber Baron-like acts.…

    • 525 Words
    • 3 Pages
    Improved Essays
  • Improved Essays

    Andrew Carnegie, a self made millionaire stated “the man who dies thus rich dies disgrace” (Carnegie). The inspiration came from his belief that men like him held a great responsibility to contribute their wealth for the good of mankind. In his essay “The Gospel of Wealth” he emphasizes on how millionaires should spread their wealth even by leaving a positive impact in the world. However his main concern is how wealthy man should contribute to society when they’re alive.…

    • 805 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    Andrew Carnegie shouldn’t be considered a hero because his selfish, ambitious, and extreme competitive attitudes had made a negative impact on others. A hero is someone who helps people who is in need of help and someone who gives to the poor and doesn’t spend money on unnecessary things that aren’t important. A hero is also somebody who has good leadership. Carnegie had a steelmaking company, In Carnegie’s time in the northeast of about the 1900s. Carnegie’s selfish attitude shows that he had a negative impact on some people.…

    • 613 Words
    • 3 Pages
    Improved Essays
  • Improved Essays

    The central theme of Carnegie's argument about the Gospel of Wealth is that rich people are superior to all others and should be allowed to use their money to help the less "fit" people. Carnegie believed in Social Darwinism. He believed that the fact that a person was rich showed that he was more fit than others. This meant that the rich man was the one who knew the most about how to prosper in society.…

    • 502 Words
    • 3 Pages
    Improved Essays