How Did Andrew Carnegie Made

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Andrew Carnegie
"The man who dies rich dies disgraced"; this is a quote from an American businessman who was once the wealthiest man in the world. Andrew Carnegie was the proprietor of the Carnegie Steel Corporation. He was a Scottish immigrant who settled with his family in America as a child and worked for only $1.20 an hour at a factory. However, he was able to gradually climb up the social ladder by investing and making wise choices. Andrew Carnegie was a captain of industry, because although he mistreated workers, he used his large amounts of profit to benefit the community, in ways such as donating.
To begin, Carnegie was known for mistreating his employees. The company consistently attempted to lower wages. Many employees rejected the company’s attempt to lower wages, and they refused to work by forming unions and starting the Homestead Strike of 1892. This conflict turned extremely violent when the managers called the police. Many people blamed Carnegie for the violent conflict although he wasn’t there at the time. …show more content…

He sold his business to JPMorgan for 480 million dollars. After accumulating that wealth, he gave away his fortune. Instead of focusing on giving money to the poor, he gave them a way of being able to accumulate wealth themselves. He established over 2,500 libraries to help educate children. He ended up giving away over 350 million dollars by the time he died.
In conclusion, Andrew Carnegie was a captain of industry because, although he mistreated workers, he used the profit he gained from his company to benefit the people around him, in ways such as donating large funds of money to libraries. Other entrepreneurs during this time did not do as much as Carnegie and used their profits solely for their own personal gain, which would make them a robber baron. Carnegie’s good actions have set examples for many entrepreneurs

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