Preview

Andrew Carnegie: Wealthiest Men Of The 19th Century

Good Essays
Open Document
Open Document
481 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Andrew Carnegie: Wealthiest Men Of The 19th Century
Andrew Carnegie was one of the wealthiest men of the 19th century. Born in Scotland and migrated to the United states, Carnegie was a true self made businessman. After coming to the States Carnegie got a job working for $1.20 a week, and from there he went on to create Carnegie Steel Corporation and making millions. Andrew Carnegie grew up in a family that believed in self learning so Carnegie new the importance of knowledge from a young age. This helped drive him to pursue his dreams and make money.

Andrew Carnegie migrated to the USA in 1848 with his family, he was 13 at the time. Shortly after settling in Allegheny, Pennsylvania, Carnegie went to work at a factory making $1.20 a week. After a year in the factory he found a job as a telegraph messenger and by 1851, Carnegie was a telegraph operator.
…show more content…
Carnegie wanted to focus on helping others to learn and advance themselves. He had earlier donated and helped build libraries, and after selling his company he expanded his efforts to building places for people to learn. In 1901 he donated about $5 million dollars to the New York Public Library, allowing them to open several new branches. He also open the Carnegie Institute of Technology in Pittsburgh, now known as the Carnegie-Mellon University. Along with libraries and university's, Carnegie open a foundation for the advancement of teaching and the Carnegie Endowment for International Peace.

Andrew Carnegie was truly a self made Millionaire. Through hard work and smart investment Carnegie built one of the largest companies of the time and shaped the history of the United States. Carnegie not only amassed his wealth for his own benefit but used it to help others learn and advance themselves. With the help of Carnegie an estimated 2,800 libraries were opened. He was not only a businessman but a good person on top

You May Also Find These Documents Helpful

  • Good Essays

    In 1848, the Carnagie family father immigrated to America, where they settled in Pennsylvania. His father worked as a jobbing hand loom weaver, which forced him to work long hours with minimal pay. At the age of thirteen, Andrew Carnegie…

    • 316 Words
    • 2 Pages
    Good Essays
  • Good Essays

    He created a stronger type of steel that was not only the most effective, but the most efficient as well. Andrew Carnegie also had a strategy of his own. He believed that the only way to become a great businessman was to control monopolies and control the step of the process in materials. Carnegie definitely had a different side to him. He was a cruel businessman to his workers and a very kind philanthropist. He would poorly pay his workers, as well as leave them poorly housed. Carnegie was really never close to his workers and the wages that they had were very low compared to other steel industries. Nevertheless, he believed that "the man who dies rich, dies disgraced and a rich man should use his money for the benefit of others" (Youngs 33.) In Carnegies older years, he devoted himself entirely to his philanthropist's beliefs' after he sold his business. Carnegie built libraries around the world, but focused especially on the United States. He opened up galleries, museums, music halls, and technical schools. He also encouraged research and higher learning to others. Carnegie also established a donation to permanently seek an end to war. His donations totaled about 350 million…

    • 472 Words
    • 2 Pages
    Good Essays
  • Powerful Essays

    Homestead Strike of 1892

    • 4185 Words
    • 17 Pages

    Andrew Carnegie was a self made entrepreneur he had a monopoly on the steel industry. Carnegie was born the son of a poor weaver in Bunfermline, Scotland. In 1845 he immigrated to the United States with his parents. He was 12 years old when he came to America. Carnegie and his parents settled in Pittsburgh Pennsylvania. His first job was with the Pennsylvania Railroad Company. He eventually worked his way up to superintendent of Pittsburgh office and manager of its telegraph lines. At this time he invested in the sleeping car with the inventor Woodruff. The venture made Carnegie a wealthy man. He was still working for the railroad and got promoted to superintendent of the Pittsburgh division. After the Civil War Carnegie saw the potential in the steel industry. He could have stayed and worked with the railroad and been a rich man, but instead he and his brother, Thomas purchased an established rolling mill. From this purchase he would go on and become one of the wealthiest men of his time. Carnegie would implement a new steel refining process developed by Henry…

    • 4185 Words
    • 17 Pages
    Powerful Essays
  • Good Essays

    The Captains of Industry

    • 421 Words
    • 13 Pages

    Andrew Carnegie was a Scottish-born American businessman, a major philanthropist, and the founder of the Carnegie Steel Company which later became US Steel. He is known for having built one of the most and influential corporation in United States history. Carnegie stood out from other business titan as a thinker who fashioned and publicized a philosophy for big business, a conventional rationale that became deeply implanted in the conventional wisdom of some Americans. He believed that , however harsh their methods at times, he and other "Captains of Industry" were on the whole public benefactors. When he retired Andrew Carnegie devoted himself to dispensing his fortune for the public, out of…

    • 421 Words
    • 13 Pages
    Good Essays
  • Good Essays

    People were given places to stay and freedom from supression, freedom from their overbearing government's. At first there were plenty of German and Scandinavian immigrants, however, the Gilded Age saw newcomers including Italians, Baltic, Slavic, and Chinese people. They were able to hope that they too could be a captain or at least be of assistance to their families and get that American Dream Carnegie, Rockefeller, J.P. Morgan, and Vanderbilt had. Andrew Carnegie’s, Gospel of Wealth, in 1889 concluded that it would be immoral for the men to hoard riches to themselves Furthermore recalling that, “his judgement, is best calculated to produced the most beneficial results for the community” (Document C). Carnegie was capable of placing his money where his mouth was and donated a total of $350 million. If he was really such a vile, corrupt, shrewd being he would not have made any contribution to society. The world's richest man used his money he accumulated in an exemplary way, to assist the growth for knowledge by donating to universities, and public…

    • 1694 Words
    • 7 Pages
    Good Essays
  • Satisfactory Essays

    Andrew CARNEGIE

    • 483 Words
    • 2 Pages

    Andrew Carnegie did a lot, not only for his community but the world. He was well known as wealth man who gave his all for the better of the community. An immigrant coming from Europe with nothing grew up to be the wealthiest man in the world. Sharing all his riches back with his community, Carnegie built many publics librarieyys, museums, schools and Universities. He also wrote the gospel of wealth in which stated to all the rich men to share their wealth with the community and poor. He provided thousands of people with jobs everywhere. Being a steel company owner he made it cheaper to purchase steel to fuel the development of cites.…

    • 483 Words
    • 2 Pages
    Satisfactory Essays
  • Better Essays

    Carnegie was born in Scotland during 1835 and immigrated to the U.S. with his family, at a young age. When he started working in the U.S. he was at the bottom: a cotton mill worker. Several years later he started working for a telegraph company, which paid better than the mill. Two years…

    • 1203 Words
    • 5 Pages
    Better Essays
  • Good Essays

    These men are Captains of Industry, because they have helped our society by donating lots of their money to different charities and organizations. For Carnegie, he has,“Donated more than $350 million to further public education, build over 2,500 libraries.” (Website) Now that people can get a better education, they can get a better job and then support their family. Plus, poor people can check out books and get a free education, because there are more libraries. That way, they can get a job, support their families, and not be as poor. Carnegie also, “Created the Carnegie Corporation of New York, endowing it with $125 million to support benefactions after his death.” This means that people can now have extra money to be given to organizations…

    • 447 Words
    • 2 Pages
    Good Essays
  • Good Essays

    First, Andrew Carnegie was a hero because he was the primary reason why the United States became a world power in the steel industry. Carnegie wasn’t always the rich man we have believed to be. He was once a poor little boy living in an attic room above his father’s weaver’s shop. (Doc 1) His mother raised him to believe that once day they wouldn’t be living in the conditions they were in, mainly because his mother wanted to live the wealthy life. Once Carnegie immigrated to the U.S, he worked in a factory and later moved to working in the Pennsylvania Railroad Company living with a modest income. He later continued to grow and created the Carnegie Steel Company which brought the United States as one of the top steel manufacturers in the world. Part his success was because of his innovations with the steel refineries. He brought a way mass producing steel in a cheap why by introducing the Bessemer process. He also brought new form of management control by integrating all suppliers of raw materials into one company (Doc 5). This helped by lowering the costs of manufacturing and selling steel goods at a fair price (Doc 4). Carnegie always believed that growth was essential in any civilization. By living by this motto, he helped the steel industry in the U.S emerge into one of the most…

    • 790 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Rags to Riches may seem like a myth because only a very few people can say that they rose from the bottom to the top. During the Industrial Revolution, America became an urban and industrial world. The world was ran majority by machinery, factories, and mass production and less agriculture. Unfortunately, industrialization often caused the poor working class to have a rough employment and living conditions, but the higher, richer class benefitted with improved living conditions. Irregularity was happening within the social lives, the employment, and the finances of the people. Andrew Carnegie Wealth and Its Uses 1907 provides a more accurate view of industrialization and its effects because the world during the Industrial Revolution could not…

    • 368 Words
    • 2 Pages
    Good Essays
  • Good Essays

    As much a businessman as he is an innovator, Andrew Carnegie could just about accomplish anything he set his mind to. He had a canny way about him. His unwavering disposition, broad smile and way of words just seemed to get more effective as time went on. He grew up in Scotland in a very humble household and felt the pressure of poverty from an early age. To say that Andrew Carnegie helped shape America as to what it is now, is truly an understatement. He had the vision for the future and a why from the past. Andrew’s family, close friends, business partners and anyone who came into contact with him would know him as being bright, assertive and extremely generous.…

    • 596 Words
    • 3 Pages
    Good Essays
  • Good Essays

    The “Gospel of Wealth” was written by Andrew Carnegie during the Gilded Age and Progressive Era. He was born in Scotland and immigrated to the United States in 1848. Carnegie had very little of a formal education but grew up in a family that believed in the importance of books and learning. Jumping from job to job, he became one of the wealthiest businessman in America. Achieving this by investing and buying stocks in promising ventures like iron mills and factories. Finally founding his own company known as the Carnegie Steel Company and revolutionizing the steel industry, he embodied the American Dream.…

    • 313 Words
    • 2 Pages
    Good Essays
  • Good Essays

    Andrew Carnegie

    • 277 Words
    • 2 Pages

    The people who have the power are the people with money, One reason why Andrew Carnegie was a hero was because of his influences on renovating the American steel industry which helped create the U.S a world power. Secondly, Andrew Carnegie was a hero is because he helped create jobs that employed many Americans. Finally, Carnegie was a hero is because he was one of the most influential philanthropists. He also brought new form of management control by integrating all suppliers of raw materials into one company (Doc 5). This helped by lowering the costs of manufacturing and selling steel goods at a fair price (Doc…

    • 277 Words
    • 2 Pages
    Good Essays
  • Satisfactory Essays

    American hero Andrew Carnegie owned the biggest steel industry during the gilded age. Andrew Carnegie was a millionaire by the time he is thirteen years old, as he rose from poverty and built his steel industry with great demand for low wages, poor working conditions, and harsh treatment of his workers. Andrew Carnegie was one of the wealthiest men in his lifetime, but gave away all his money several years before his death.…

    • 302 Words
    • 1 Page
    Satisfactory Essays
  • Good Essays

    progressive era

    • 683 Words
    • 2 Pages

    This people started everything, one of them is Andrew Carnegie is the social responsibility of the rich. Carnegie is a person that felt that any person should be distributed for the good of society. Carnegie was born in the Dunfermline which is in Scotland, on 1835. Carnegie’s father was a weaver, a profession the young Carnegie was expected to follow, but Carnegie seed “I began to learn what poverty meant," Andrew would later write. "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." Andrew's mother went to work to support the family, opening a small grocery shop and mending shoes. When Carnegie had the age to work at the telegraph, one of the men Carnegie met at the telegraph office was Thomas A. Scott, then beginning his impressive career at Pennsylvania Railroad. Scott was taken by the young worker and referred to him as "my boy Andy,"…

    • 683 Words
    • 2 Pages
    Good Essays