Andrew Carnegie's early life in Scotland shaped his respect for industry and success in that he was not raised in what society would call a successful family. Although Carnegie had a formal education, his family believed in the simplicity and power of books, these books got his mind working on an intellectual level from a young age. As the son of a handloom weaver, he learned to appreciate and think rationally and in ways that would benefit him and others. Because of the simplicity of his childhood, Carnegie’s business decisions were shrewd and wise. He was able to find financial support for his enterprise, he was accurate with his calculations on consolidation and expansion. Capitalizing on smart business decisions was one of Carnegie’s biggest strength. His humble mind, cultivated in his childhood, remained and allowed him to be thrifty with his profits- saving them in prosperous times and investing them at low times. In one case, Carnegie’s hired manager made a decision that the workers did not agree with and a rebellion broke out, even though Carnegie was away during the decision making, he was held responsible for it. Despite the sometimes harsh course of his career, Carnegie encouraged his workers to constantly be thinking of new innovative ways to do things and to reduce costs. Because poverty …show more content…
Darwin’s theory held that society developed much like plant or animal life through a process of evolution in which the most fit and capable enjoyed the greatest material and social success. At the age of 65, Carnegie decided to spend the rest of his days helping and giving to others. Carnegie found that in giving away all he had and helping and investing in others, he was able to be satisfied with himself more than he ever was in business. His sense of self-worth was lifted up when he gave all that he had worked for
This idea of Social Darwinism gave the robber barons of society the justification for their hostile behavior towards their workers. Andrew Carnegie tried to make the gospel of wealth by arguing that the duty of someone with power and a lot of money was to put advancement into the society such as libraries. John D. Rockefeller also used this idea and gave away some of his wealth to education as well. However, many socialists, promoting fair distribution of wealth, tried to write books, which were very popular and best sellers at the time to address the social development issue of the economy. The factory workers had no opportunity to gain the independence and advancement of their social class.
Often, children were forced to work due to money-related issues, and the conditions they worked in were terrible. Children worked in coal mining, such as at Woodward Coal Mining in Kingston, Pennsylvania (Doc. 7). Children were used to make the process of producing products cheaper, and they were paid low wages; the capitalists hired children just to keep the process of making products going and to make profit. One cause of child labor in harsh conditions was the unfateful fire at the Triangle Shirtwaist Company factory in New York City in 1911. Teenaged immigrant girls that were employed there worked under sweatshop-like conditions. The building they worked in was inadequately equipped in case of a fire, for the doors were locked, leaving no exit for the girls, and the single fire escape collapsed with the rescue effort; as a result, when the fire started, they were unable to escape. 145 workers were killed, but the company owners were not penalized harshly for this tragedy. This further demonstrates that capitalists were able to get away with the harsh conditions that they put their laborers, especially child laborers, through for their own benefit, which is making more money and using any means to get it, even if those means are low wages and harsh working
Over the years Carnegie became tired of being in the steel business, so when J.P Morgan and his partners were interested in Carnegie’s Steel Company, Carnegie found that way would be a great way to get out of that world. Carnegie sold his company to them left them to $480,000,000, that was the second smart move for him. In 1901 Carnegie became the richest man alive, and he knew he had to give it away when he died.
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.
Speaking of where that money, in document #10 we see a small cartoon post from The Saturday Globe, Utica, New York, July 9, 1892. At the bottom it conveys, “Forty Millionaire Carnegie in his Great Double Role” With this message, it displays Carnegie both giving away a Library to Pittsburgh and money to Scotland, and cutting wages from workers. This drawing signifies what he does with the money rather than paying his workers with that money. Looking at wages in document #7 helps to see how much a worker are paid in a chart, even though iron and steel workers look like they have decent wages(daily hrs. 10.67, daily wages 1.81), it was to many unfair wages. Compare this to Carnegie’s daily “wage” was ninety two grand! Confirming wages are unfair.
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.
Andrew Carnegie did not seem to care for others because while his workers were losing money, Carnegie was donating money to other countries, and even different organizations. Most of Andrew Carnegie's actions showed greed and pride. Carnegie might have been a hero by giving away most of his money. He still died rich, as he said before “He who dies, rich dies disgraced” Don't be fooled by what others tell you, t ould always be sugarcoated. Not everything we see or hear is true. Carnegie treated most people wrongfully. While he was playing all fun and games, donating to others. Carnegie might have been a hero in the eyes of others, but not everyone sees him the same wa. Don't be
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.
First of all, I believe there are some good rationales behind his thoughts. I agree that administration should be in charge of decisions for the business. I believe these decisions should be made by a founder that has the best interests of the business at heart. One that has education and knowledge of business practices and makes good decisions, but also, one that holds the employees interests to a high standard as well. This is where I disagree with Mr. Carnegie’s actions. His arguments,
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
Carnegie did not believe in spending his money on frivolous things, instead he gave most of his fortune back to special projects that helped the public, such as libraries, schools and recreation. Carnegie believes that industries have helped both the rich and the poor. He supports Social Darwinism. The talented and smart businessmen rose to the top. He acknowledges the large gap between the rich and the poor and offers a solution. In Gospel of Wealth by Andrew Carnegie, he states, “the man of wealth thus becoming the mere agent and trustee for his poorer brethren, bringing to their service his superior wisdom, experience and ability to administer, doing for them better than they would or could do for themselves” (25). He believes the rich should not spend money foolishly or pass it down to their sons, but they should put it back into society. They should provide supervised opportunities for the poor to improve themselves. The rich man should know “the best means of benefiting the community is to place within its reach the ladders upon which the aspiring can rise- free libraries, parks, and means of recreation, by which men are helped in body and mind” (Carnegie p. 28). Also, Carnegie does not agree they should turn to Communism to redistribute wealth. Individuals should have the right to their earnings. Corporations should be allowed to act as it please with little to no government
Carnegie’s essay contains explanations of three common methods by which wealth is distributed and his own opinions on the effects of each. After reading the entire essay, readers can see his overall appeals to logos; having wealth does not make anyone rich, but using that wealth for the greater good does. He does not force his opinions onto the reader, but is effectively convincing of why his beliefs make sense. Andrew Carnegie’s simple explanations intertwined with small, but powerful appeals to ethos and pathos become incorporated into his overall appeal to logos in his definition of what it means for one to truly be rich.
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.