While Andrew Carnegie didn’t invent steel, he was able to explore steel production while making it more efficient. Through his exploration, he encountered setbacks that ultimately helped shape labor laws and eventually exchanged his company for a life of philanthropy which still has a lasting effect today. Carnegie managed to come from humble beginnings, as he immigrated to America from Dunfermline, Scotland at age thirteen (Carnegie 27). Carnegie shifted his economic status and was able to become the richest man in the world. He was unable to achieve his great fortune and social prominence without obstacles, but he still managed to change the United States for the better through his philanthropy and his sponsorship of architectural projects.
Andrew Carnegie is an epitome of a rags to riches story in America. Andrew Carnegie had emigrated from Scotland as a child, and he and his family settled in Pennsylvania. Because he had only a few years of formal education, Andrew Carnegie’s first job was a lowly one - a bobbin boy at a cotton factory. Ambition drove him to hold a many different jobs, including a messenger and operator at the Ohio Telegraph Company, and also as a secretary and a telegraph operator at the Pennsylvania Railroad
Marxism, the sociological system of belief created and presented by Karl Marx and Friedrich Engels, has had profound influence on western politics and world sociologic theory since its introduction in the mid 19th Century. During this time, the Age of Industrialization was in full swing, and many workers were exploited and forced to work unreasonable hours. Marx noticed that in this society the rich upper echelon took advantage of huge lower class.
Capitalism came into being as a social and economic system when private individuals or corporations--as opposed to the state or classes of people--began to build businesses where the goal was profit motivated for the self-interest of the owner. This is opposed to a socialist system where the business may be owned by the state and/or profiting the state. In an ideal world, it is the economic establishment of the individual right for self-accomplishment. The private individual/corporation succeeds or fails based on its own merits. The rewards can be great, but the downside, left unchecked, can yield greed and corruption. It's survival of the fittest, whether fair or not. To those who love
The definition of capitalism would be an economic system in which private individuals own the factors of production and decide how to use them within legislated limits. Laissez faire is another name that was given by Scottish philosopher Adam Smith. He said it is better for a government to have no intervention in the economy at all and an individual pursuing his own self-interest tends to also promote the good of his community as a whole through a principle that he called “the invisible hand.” Capitalism is based upon private ownership of property and every person has the right to live his life in any manner he chooses, as long as he does not violate the rights of others. Individuals are allowed to run their own businesses in a free market in such way that he or she creates the wealth for him or her self. It usually depends on how self-motivated a person is and how determined are they to do exceed there own expectations. Capitalists believe that the only purpose of a government is to protect its citizens from force or fraud. They claim that the force is the protection of individual’s rights. This is achieved in such ways as the use of police force to protect the rights of citizens at home, a military to protect citizens from foreign attack, and a court system to enforce contracts and settle disputes between residents. Capitalists also feel that initiating force can only violate rights, thus the government only uses force in relation of those who initiate it. From...
Marxism was a theory from Karl Marx that spread a thought for communist regime. He brought out the idea of a struggle in the working class called “the bourgeoisie-proletariat struggle” that disclosed the working class overthrowing the middle-class (Bourgeoisie) Marx believed that this conflict was not a product of bad intentions but rather this revolution was unavoidable due to the harsh treatment the middle class was giving to the working class. The thought was the working class would takeover the revenues of production, set up a dictatorship and eventually turn this into a classless communist society because Karl blamed this problem on capitalism. This was a criticism and a blow to European economy because it challenged the traditional beliefs and targeted the point that the economy was not benefitting the people. Karl Marx challenged the middle class with its value system also saying that the working class would ultimately be in power. Marxism not only questions traditional social hierarchy by saying that the working class would rule, but he also questions democracy, absolutism and monarchism with the knowledge of Marx saying that those “governments” would be rendered useless, and no longer a need for government in his mind.
Born on November 25, 1835, in Dunfermline, Scotland, he migrated to Pennsylvania at a young age. He began working at a local cotton factory at a low income of $1.20 per week. He applied himself to work and became educated as a result it enabled him to became a millionaire at the of age fifty. Many Americans made a fortune in the steel industry, Andrew Carnegie was a one of those Americans. By 1889 he owned Carnegie Steel Corporation, the largest of its kind in the world. Though he bought out a small steel company, by 1888, he had a large plant, which provided many jobs in the United States. His wealth was abundant and he believed that “One who dies rich…dies disgraced,” because of this he donated much of his money to different aspects to educate people, since he believed ignorance to be the main enemy of the people. Through his strong business sense and wise investments, he built an industry that helped the United States become the industrial capital of the world. However, in some cases Andrew Carnegie represented a robber baron because he paid his workers less than a proper minimum wage. When the workers wanted better pay and work conditions, Carnegie threw them out replaced them. But in the end Carnegie decided to pay his workers properly because he stated that “To pay workers more than they needed was to encourage the slothful, the drunken and unworthy”. His treatment of workers was completely different from all other businesses from that point on. His workers got higher salaries and shorter shifts. He established that the workers’ pay would increase if profits went up, and the pay would decrease if profits went down, which provided a fair way to pay his workers. Aside from that, Andrew Carnegie never thought of himself. He believed that the rich had a responsibility to help the poor and improve the society. Carnegie himself
When one gets down to the roots of capitalism you find that it is a form of government that allows the rich to get richer, the poor, poorer and the middle class to stay the same. Karl Marx wrote a book, Kapital about the what capitalism does to the people in a society, how it takes the humainty out of being and replaces it with x. Not only does it do that but it creates a chain of commodities, fetishisis, and alienation within a society.
Carnegie was born in November 25, 1835 in Dunfermline, Scotland. His parents were handloom weavers who barely had enough money for food. Carnegies were radicals who never feared to demonstrate for their rights. Andrew’s father, Will, was a follower of Chartism, a popular movement of the British working class that called for the masses to vote and to run for Parliament in order to help improve conditions for workers. Such exposure to political beliefs made a lasting expression on young Andrew Carnegie and played a significant role in his life. By 1835, the invention of the Cotton Gin and the development of power looms meant that the days of the handloom weaver were numbered. Finally, in 1847 a large steam power weaving factory opened in Dunfermline ending the handloom weaving business for good. Carnegie family was out of work and decided to immigrate to the United States in search of better life. They came to the United States in 1848 and settled in Allegheny, Pennsylvania. Andrew was only twelve years old but already envisioned glorious promises for himself in the New World. He started work at the age of 13 as a bobbin boy in local textile mill and made $1.20 a week. He then moved rapidly through a succession of jobs with Western Union and the Pennsylvania Railroad. In 1865, he established his own business enterprises and eventually organized the Carnegie Steel Company, which launched the steel industry in Pittsburgh. At age sixty-five, he sold his company to J.P. Morgan and devoted the rest of his life to his philanthropic activities and writing.
Andrew Carnegie is known as the man who was born in the poorest living conditions but died one of the richest men in the world. He was renown for his judgment of character and business opportunities. He is most widely recognized for providing the capital and opportunity for an innovation that would make steel stronger and more affordable. Andrew Carnegie is a major driving force behind the industrialization of American and the impact that he had can still be seen today across Pennsylvania and the World.
Carnegie’s success story began when his family decided to move from Scotland to America. “The family narrowly escaped poverty by immigrating to the United States”. This move set him on the path to fulfil his destiny, and despite his humble beginnings, he was still able to became one of the wealthiest business men of his time. In other words, this would be the catalyst for the creation of the man that is known as Andrew Carnegie himself.
Andrew Carnegie was not always a man of great wealth, he started from nothing more than hard work and exceptional investing. Moving in 1848, at a young age with his family from Scotland to America to pursue more economic opportunities he never fully completed his education, but this did not stop his from pursuing better and greater things. This nevertheless caused him to strive from rags to riches by working for telegraph and railroad companies and later creating his own steel company, Carnegie Steel, which her eventually sold in 1901 for $230 million, making him one of the riches men in the world. Henceforth, leading him to pursue in
Marx begins to characterize humanity by stating “Society as a whole…Bourgeoisie and Proletariat” (Marx,474). People were either in the Bourgeoisie class or the Proletariat class. The Bourgeoisie were the ones who owned the means of production and gave people jobs in order for them to live in the world. In a sense, they enslaved the Proletariat to do the work that they would never do. The Proletariat, on the other hand, were the ones who are the employees of the employers who are paid to do the work that they were given by the Bourgeoisie. They are forced to sell their labor power in order to survive. These were the oppressed ones. Marx knew this was wrong because the minority, which were the people who owned the means of productions, were in control rather than the majority who were forced to work in order to live. This was where humanity had created an error by allowing for the little to control the many. His resolution for this problem was through a violent overthrow of the Bourgeoisie. He believed that if they all began to rise up together as a whole then they would be able to sway things drastically in favor of them. Marx acclaims to this when he says “The proletarian movement…of the immense majority” (Marx,482). He knew that if they didn’t unite together as a whole then no change would be possible. The reason this could successful lies in the fact that “What the bourgeoisie…its own