Big Business Report
University of Phoenix
One of the pioneers of the Big Business I chose to research is Andrew Carnegie. In this paper I will include how was his business and how did Mr. Carnegie started his business. I will also talk about how his business grew to the level it did. The good and bad effects of the business in the 19th century, How Mr. Carnegie business affected society today, what were the pros and cons of this business, if this cons and pros still exist.
Andrew Carnegie was an industrialist and philanthropist. Andrew Carnegie was born in November 25, 1835 in Dunfermline, Scotland. He was the son of a handloom weaver. Andrew’s Carnegie parents decide to move to North America in 1848 because of the conditions that they were living. Andrew’s father settled his family in Allegheny, Pennsylvania. Carnegie starting working at an early age in a factory getting pay $1.20 a week. Then at the following year he found a job as a telegraph messenger. By the year 1851 Carnegie became a telegraph operator because of his efforts to get ahead in life. After two years working as a telegraph messenger Carnegie decides to work at the Pennsylvania Railroad, he was the assistant and telegrapher of Thomas Scott, one of the railroad’s main officials. This job help Carnegie to learn about the railroad industry and also in business. After three years he was promoted to superintendent. Carnegie business was the steel company but he started his investment before he open his own steel company. He started investing in the years 1863 or 1864 and during the war years too. His profits were very high. First, his share of he” Woodruff Sleeping Car Company , he also invested in the Western Union Telegraph Company, The Iron City Forge, The Columbia Oil Company and the Third National Bank of Pittsburgh”. He also made other investments, that helped him own shares in more than twelve different companies. He was making around...
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