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Andrew carnegie 2nd industrial revolution
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America gained an influential philanthropist and businessman when Andrew Carnegie rose to success through his steel company. Andrew Carnegie (1835-1919), was a Scottish immigrant who emigrated to the United States after his father found it hard to find work. After settling near Lake Erie, Carnegie regretted not having an education but took advantage of a personal library that provided access to any boys working there. Carnegie worked his way up through many positions such as a telegraph messenger, personal secretary, and head of the Pittsburgh division to become a successful steel company businessman. Was Andrew Carnegie: The Father of Vertical Integration, a hero? A hero is someone who has financial success, intelligence, and concern for others. …show more content…
Carnegie thrived in business when he took his own advice throughout many situations in his life. Harold C. Livesay in Andrew Carnegie and the Rise of Big Business, comments on how Carnegie was always on his toes when it came to his steel business and when it came to competition. Livesay also mentions how Carnegie gave Doubleday advice in leaving a poorly ran company. (Doc. 3). Carnegie was a role model to other businessmen. He paid well attention to his costs and earnings, also growing competitive as business competition stiffened. In addition to his competition, Carnegie bought out his competition and provided jobs for many workers. In Document 5, Carnegie’s business technique of Vertical Integration portrays Carnegie’s properties starting from raw material to manufacturing. Carnegie’s many properties depicted him out as a very successful man and attracted envy from other businessmen. This evidence helps explain why Andrew Carnegie was a hero because Carnegie’s role modeling and advice helped other businessmen take care of their properties better and may have granted them to be financially prospered as well. Andrew Carnegie can be connected to the intelligence trait because his own advice allowed him to change America’s industrial life and allowed him to be …show more content…
Financial success, intelligence, and concern for others are some traits that make Andrew Carnegie a unique hero. Although Andrew Carnegie later on lost public support on his ideas, his appearence of a “hero” to Americans remains because of his impact in “improving the humankind”. Andrew Carnegie and heroism are important today because of his selfless humanity towards the world and business
Andrew Carnegie, the monopolist of the steel industry, was one of the worst of the Robber Barons. Like the others, he was full of contradictions and tried to bring peace to the world, but only caused conflicts and took away the jobs of many factory workers. Carnegie Steel, his company, was a main supplier of steel to the railroad industry.
Third and lastly, look at how both men treat their workers and customers in order to achieve the most possible profit for their company. Let us first look at Mr. Andrew Carnegie. Carnegie was a mogul in the steel industry. Carnegie developed a system known as the vertical integration. This method basically cuts out the ‘middle man’.
In my opinion Carnegie is a truly a hero. Today we don’t see a lot of men giving their money away when they die. Carnegie did change many lives for the better, and he did help save lives as well. In Document B Carnegie would word how the wealthy would never do anything with their money for the better, he didn’t want to became one of them. Carnegie quote was “ The man who dies rich dies disgraced”, by that he means why would you all that money go to waste, you are going to be died, that money could help save many lives that is why he was one who changed
Andrew Carnegie in September 1875 production cost was pretty high but his selling price was way higher, in January 1877 he lowered his production cost by a lot and the selling price went down as well but it was still fairly higher than what he was making the steel for,and in November 1977 Carnegie was able to lower his production costs even more as well as his selling price which was a bit more than what he spent making the steel. (Doc D). The main idea of this chart is to show that over the period of September to November Carnegie was able to drop his prices and costs significantly but that doesn't make him heroic. That just means he found new methods, material, or cut the cost of labor, this is just Carnegie being a good businessman. Steel production in the United States was very small compared the Great Britain in 1870, ten years later in 1880 the US’s production launched and was just right under Great Britain, another ten years later in 1890 the US finally passed GB in production but but by very much, ten years after that in 1900 Andrew Carnegie’s mills was making one-third of all the steel in the US making the steel production to skyrocket still in the lead at #1 with Germany and Luxembourg no where near and then in 3rd was Great Britain a little bit close to GL (Doc E). This chart is just to show the production of steel in the United States comparing with other countries over the span of 1870-1900 and to see how Carnegie’s mills effected the US production. This chart does not show Carnegie as a hero just how well his factory productions was going. Overall Andrew Carnegie was very good at being a businessman because he had a lot of financial success with lowering his production costs but that's not very heroic of him, it’s really only doing him good because he's saving
Andrew Carnegie, was a strong-minded man who believed in equal distribution and different forms to manage wealth. One of the methods he suggested was to tax revenues to help out the public. He believed in successors enriching society by paying taxes and death taxes. Carnegie’s view did not surprise me because it was the only form people could not unequally distribute their wealth amongst the public, and the mediocre American economy. Therefore, taxations would lead to many more advances in the American economy and for public purposes.
Steel Company after a serious, bloody union strike.He saw himself as a hero of working people, yet he crushed their unions. The richest man in the world, he railed against privilege. A generous philanthropist, he slashed the wages of the workers who made him rich. By this time, Carnegie was an established, successful millionaire. He was a great philanthropist, donating over $350 million dollars to public causes, opening libraries, money for teachers, and funds to support peace.
While Carnegie held the aptitude for greatness regardless of his surroundings, without free enterprise, he would not have even had to option to take a chance or to explore new ideas. In regulated economies, not only is the currency and producer-consumer relationship controlled by the government, many times the media is as well, as not to create a system in which citizens long for something else. In this case Carnegie would not have had the access to the learning resources that he did, and would never have learned how to use a telegraph machine. There would have been no room for lateral growth, and the world as we know it may not exist without Carnegie’s courage and yearning to better himself and the world.
Some people may disagree and say that Andrew Carnegie was a hero, because he had integrity, and was financially successful. In the article Andrew Carnegie by
Andrew Carnegie believes in a system based on principles and responsibility. The system is Individualism and when everyone strives towards the same goals the system is fair and prosperous. Carnegie’s essay is his attempt to show people a way to reach an accommodation between individualism and fairness. This system can only work if everyone knows and participates in his or her responsibilities. I will discuss Carnegie’s thesis, his arguments and the possible results of his goals.
To understand Carnegie before he became a wealthy man, he grew up poor working for $1.20 a week (Document LV). At the age of 50 years, he took a risk by investing in a package delivery company. His gamble paid off and he gained money to start his company, Carnegie’s Steel Company. Eventually, his company grew and caused
In Harold C. Livesay’s Andrew Carnegie and the rise of Big Business, Andrew Carnegie’s struggles and desires throughout his life are formed into different challenges of being the influential leader of the United States of America. The book also covers the belief of the American Dream in that people can climb up the ladder of society by hard work and the dream of becoming an influential citizen, just as Carnegie did.
Andrew Carnegie and his philanthropy made him a hero because he helped more people than harm in the long run, by this I mean he helped other countries. He also sets a great example to everyone that helping others or someone is not something you need to wait to do when you are no longer living. If someone needed help and even a stable person had the choice to help but until they are no longer alive has little meaning. Perhaps it would be too late when the person isn’t around anymore. Its about what someone can do to help when they are around, it is about what a person can do in the time of need even if it is not much but a little of anything can go a long way. In (Doc C) there is a list of amounts of money that Carnegie has donated to various places which in total he has donated well over $271m but aside from that his corporation is giving out about $100m a year, most of it to education (Doc C)
In the documents titled, William Graham Sumner on Social Darwinism and Andrew Carnegie Explains the Gospel of Wealth, Sumner and Carnegie both analyze their perspective on the idea on “social darwinism.” To begin with, both documents argue differently about wealth, poverty and their consequences. Sumner is a supporter of social darwinism. In the aspects of wealth and poverty he believes that the wealthy are those with more capital and rewards from nature, while the poor are “those who have inherited disease and depraved appetites, or have been brought up in vice and ignorance, or have themselves yielded to vice, extravagance, idleness, and imprudence” (Sumner, 36). The consequences of Sumner’s views on wealth and poverty is that they both contribute to the idea of inequality and how it is not likely for the poor to be of equal status with the wealthy. Furthermore, Carnegie views wealth and poverty as a reciprocative relation. He does not necessarily state that the wealthy and poor are equal, but he believes that the wealthy are the ones who “should use their wisdom, experiences, and wealth as stewards for the poor” (textbook, 489). Ultimately, the consequences of
Andrew Carnegie and Walter Rauschenbusch represent two opposing sides in the integration of Christian faith into society. Carnegie’s Gospel of Wealth stated that the rich must reinvest their earnings into social programs that would benefit the poor without providing excess money that would enable them to spend frivolously on items that would not actually improve their overall situation. In contrast, Rauschenbusch was more concerned with the physical well being of those in lower classes. Both men wrote their works as a moral response to the rapid changes industrialization produced in their economies; similarly, today’s economy is rapidly changing as a result of technological development. However, morality has struggled to keep up with the exponential advancement in technology, leaving people with little
Carnegie saw how bad the wooden railroads were, so he proceeded to slowly replace them with iron ones. Carnegie's charm, perception, and hard work led to becoming one of the world's most famous men of the time, and led to the first corporation in the world with a market capitalization in excess of one billion when he sold his companies to John Morgan who called them United States Steel Corporation.