How Was Andrew Carnegie Responsible For The Steel Industry's Contributions?

Andrew Carnegie was the Scottish - American industrialist responsible for the steel industry’s expansion. During this time period, America was in the Industrial Revolution. This essay will discuss Carnegie’s early life, career, his later life as a philanthropist, and his legacy.
On November 25, in the year of our Lord 1835, in Dunfermline, Scotland, Andrew Carnegie was born to Margaret Morrison Carnegie and William Carnegie. Andrew didn’t get much of a formal education besides attending the Free School, which was also in Dunfermline. Despite this, his family believed in reading and education. By 1840, his family was struggling to keep their house and family together, so in 1848, they decided to borrow money from his uncle to move to Allegheny,

He was a hardworking employee and was able to memorize important details. After a year of being a messenger boy, he was promoted to an operator. Not long after his promotion, Colonel James Anderson allowed the employees to work in his library. Andrew Carnegie’s education grew and he became known as a self-made man. Soon his hard work, education, and awareness gave him many opportunities. In 1853, Andrew Carnegie moved to the Pennsylvania Railroad Company with his main job as a secretary and a side job as a telegraph operator. After Andrew Carnegie worked 6 years at the Pennsylvania Railroad Company, Thomas A. Scott asked him if he wanted the job of superintendent of the Western Division of the Pennsylvania Railroad, and on December 1st, 1859 he officially took the job. In 1855, Carnegie made his first investment in a company called the Adams Express. In 1861 when the Civil War came, he became the Superintendent of Military Railways. He was also responsible for the telegraph lines in the Union. Carnegie invested in Story Farm for 40 thousand dollars in 1864; it was well worth it, as he gained a profit of over $60,000. Sometime after this, he left the railway company formed his first ironworks company, Keystone Bridge Company. It was highly successful. He also came to make other ironworks companies, such as Union Iron

Morgan, Carnegie made the United States Steel Corporation, which was the first business with a capitalization of over 1 billion dollars. Around this time, he was considering retiring and sold his business for 480 million dollars and had 225,639,000 in 50-year gold bonds. In total today that would be 20, 300, 000, 000, which isn’t including what he made from his companies. After retiring, he decided to become a philanthropist. Note that he had already done philanthropic works before this decision. One of his greatest efforts, among many, was making libraries throughout different countries. In 1901, he created the Carnegie Trust for the Universities of Scotland. It became official in 1902, which was the year he donated two million dollars to help found the Carnegie Institution. Two years later, he founded the Carnegie Hero Fund. In 1911, he gave ten million to the Carnegie Institution, which he had given two million to some years before. And, on October 14, 1917, he was inducted into the Phi Mu Alpha Sinfonia Fraternity. Andrew Carnegie died, in Lenox, Massachusetts, on August 11, 1919. His cause of death was bronchial