Andrew Carnegie‚ a man who was in the steel industry‚ one of the greatest things that ever happened to man kind. He used a system of vertical integration and he also bout his own coal mines and his own iron which made competitors go into danger because they had to buy there own raw materials for an extremely higher price. Carnegie was a philanthropist before all of this great success happened and he was also known for being involved in many public organizations because he built hundreds of public
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Much credit was given to six men‚ for creating the foundation of America. The first 4 were Cornelius Vanderbilt‚ John D. Rockefeller‚ Andrew Carnegie‚ and J.P. Morgan. Through shipping and trains‚ oil and its development‚ steel and construction‚ and corporate finance‚ these men constructed the foundation of our country. Through their careers‚ these men saw much change during prosperous times that effected business then and ultimately in the long run. Cornelius Vanderbilt
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The Gospel of Wealth Andrew Carnegie‚ author of “The Gospel of Wealth”‚ was a philanthropist who argued that “Individualism‚ Private Property‚ the Law of Accumulation of Wealth‚ and the Law of Competition;”(Carnegie‚p.24) was only beneficial and experienced to a small percentage of society’s wealth. Carnegie argued in his excerpt that‚ “there are but three modes in which surplus wealth could be disposed of.” These modes include leaving all the accumulated wealth of that person to the family
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and the wealthy class. Three specific viewers who had similar‚ but contrasting opinions of this were Andrew Carnegie‚ Eugene V. Debs‚ and Booker T. Washington who believed that wealth could either enable people to rise in society or that it should be distributed. Booker T. Washington’s stance of the wealth created was that it enabled people to rise in society. Different from Andrew Carnegie and Eugene V. Debs‚ he integrated his view into his plan for racial equality. He encouraged black Americans to create a strong economic base
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gap has been growing‚ between the rich and the poor. There are many reasons why this is happening. Andrew Carnegie‚ John Kenneth Galbraith and Joseph Stiglitz may agree with me‚ but believe there are different reasons why and how it should be dealt with. I would have to say that I agree that Galbraith’s idea is what is better for America now. In the essay “The Gospel of Wealth” Andrew Carnegie says that the rich should invest their money to do good for the public (396). He argues that the rich
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world. As historians have reviewed their great achievements historians have become critics questioning how honest the fortunes of these leaders were. They pondered the tactics of great leaders such as John D. Rockefeller‚ J. Pierpont Morgan‚ and Andrew Carnegie. The morals of these businessmen and their strategies were the leading topic of discussion‚ whether to classify them as "robber barons" or "industrial statesmen". Glancing at the achievements of these great figures in history it appears that
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the U.S. Army eliminated Indian from Great Plains‚ leave the area for building railroad. Through many inventions‚ some organizer of businesses became wealthy such as J.P Morgan‚ John D. Rockerfeller‚ Andrew Carnegie and so on. In addition‚ the oil company under Rockerfeller multiplied. Andrew Carnegie became millionaires through steel and has since expanded the Bessemer process. Next‚ he sold his company to J.P. Morgan‚ and Morgan established the U.S. Steel Corporation to create new monopoly. In
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the power of big businesses in America. Morgan’s trust would encompass 60 percent of the United States steel industry and would employ nearly a quarter of a million workers. Morgan would accomplish his successes by forcing his fellow tycoons Andrew Carnegie and J.D. Rockefeller to sell their steel‚ iron ore and shipping businesses to him. Morgan was different than the other industrialist tycoons‚ he came from wall street. This set him apart from many of the industrialists who despised bankers and
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positive way. This includes increasing the availability of goods‚ creating more and new jobs‚ and donating money to benefit the well being of the people. Some of them men that were considered to be Captains of Industry" were men like J.P. Morgan‚ Andrew Carnegie‚ John D. Rockefeller. J.P. Morgan was a banker and a American Financier‚ who at the turn of the century‚ was one of the wealthiest men in America. J. P. Morgan backed the Edison Electric Illuminating Company in 1822 which began the great electric
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become feasible. The railroads became a big industry of the time‚ and bribed many officials. The monopolization of industries raised many wealthy business people. Such as‚ J. P Morgan‚ John D. Rockefeller‚ and Andrew Carnegie. The oil company under Rockefeller flourished. Andrew Carnegie replicated the Bessemer Process in which he made his fortune through steel. He sold his steel company to J. P. Morgan. J. P Morgan formed the US Steel Corporation creating another monopoly. In 1884 Grover Cleveland
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