Andrew Carnegie Essay Andrew Carnegie Essay Andrew Carnegie Essay

1. Andrew Carnegie Essay
Andrew Carnegie
Andrew Carnegie was born in Dumferline, Scotland, in November of 1935. His parents were Will
and Margaret Carnegie. He also had a brother, Tom. The main income for the geographic location
where he grew up was weaving linen. The people who engaged in this type of employment
considered this an art since it had relatively unchanged since medieval times. Andrew's father was
one of those craftsmen. Since there had been so little change in this type of work, they were really
caught off guard when machine production came around. For some, this industrialization was good.
The Carnegies were lead to believe that this was the way they should be headed. At first the returns
were good for them, but prices and demand fell, and...show more content...
He hired Carnegie to be his personal telegrapher and to assist him in dispatching trains over the
western division's mountainous main line. Here Andrew was able to really maximize the
opportunity set before him. He did public relations work, observations into how shipments were
made and received, and mastered the controlling of the division's operations. In 1859, Scott was
promoted to vice–president and appointed Carnegie superintendent of the western division. This was
Andrew's big break. His knowledge of operations and innovative thinking pushed him to the top of
his field. From the years1859–1865, Carnegie expanded the road and increased traffic to an all time
high. By doing this, cost per ton–mile fell. This process was his calling. The ability to lower costs.
From there Carnegie learned how to make money without lifting a finger: investing. He also learned
that it didn't matter whose money was being used for the transactions as long as the return exceeded
the cost. It was this type of mentality that led him into investing in sleeping cars, oil companies, and
bridge companies at that time. All of these business adventures were not all successes, though. The
bottom line for him at this time was to invest no matter what. Carnegie also learned that he could
make money off of selling bonds and shares of stock. He had an amazing ability to understand the
working structures of the business world. Nothing could escape him. All of this knowledge seemed
to be
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2. Andrew Carnegie Essay
The richest man in the world, in his time, was Andrew Carnegie. His story of success was truly one
of rags to riches. After coming to the U.S. from Scotland as part of a working–class family, he
moved from job to job, eventually becoming more influential and gaining a large sum of money.
Soon he was using his wealth to contribute to many public services, such as libraries and schools.
Andrew Carnegie's life and actions have left a long–standing legacy and have contributed greatly to
the American way of life, particularly toward education. Andrew Carnegie was born on November
25th, 1835 in Dunfermline, Scotland. His father was a hand loom weaver and Chartist. Carnegie
believed in the importance of birthplace. "I was supremely so in...show more content...
It was not long before Andrew had built his own blast furnace, inspired by Bessemer and his
ideas. This was in 1870, and in Braddock in 1874, he had open his steel furnace. Henry Frick was
one of his many partners, although he always wanted to stay in control of his ventures. Carnegie
was also interested in political and social issues, writing a few books including Round the World in
1881, An American Four–in–Hand in Britain in 1883, and Triumphant Democracy in 1886. He was
also a big fan of the educational system in the United States. In June of 1889, an article was
published in the North American Review by Andrew about what he referred to as the "Gospel of
Wealth". In it, he stated that rich people have a duty to use their wealth towards benefiting the
community. In his words, "A man who dies rich dies disgraced.2" In the same year, he made
Henry Frick chairman of the Carnegie Company and then moved to New York to do some
research. He also spent six months with his family in Scotland. In 1892, Frick realized there was
no centralized management for the company and decided to combine everything to form the
Carnegie Steel Company. It was worth $25 million and was the largest steel company in the
world. Frick became greedy and wanted to increase profits, so he lowered employee wages. Workers
began to strike, so Frick hired 300 strikebreakers to resolve the situation. There was a battle that
lasted a day and 60 men were wounded.
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3. Andrew Carnegie Essay
A man of Scotland, a distinguished citizen of the United States, and a philanthropist devoted to the
betterment of the world around him, Andrew Carnegie became famous at the turn of the twentieth
century and became a real life rags to riches story.
Born in Dunfermline, Scotland, on November 25, 1835, Andrew Carnegie entered the world in
poverty. The son of a hand weaver, Carnegie received his onlyformal education during the short time
between his birth and his move to the United States. When steam machinery for weaving came into
use, Carnegie's father sold his looms and household goods, sailing to America with his wife and two
sons. At this time, Andrew was twelve, and his brother, Thomas, was five. Arriving into New York
on August...show more content...
After retiring, Carnegie's fortune was estimated to be as large as half a billion dollars. From that time
on, with the philosophy that the rich have a moral obligation to give away their money, he devoted
himself to philanthropy. Although ironic, this man of great fortune strongly believed in the merits of
poverty for the development of character and work ethic, and determined that wealthy men should
not leave their fortunes to their children, but should give it away, claiming "The man who
dies thus rich, dies disgraced." The picture of community service, Carnegie is quoted as
saying, "Pittsburgh entered the core of my heart when I was a boy, and cannot be torn
out. I can never be one hair's breadth less loyal to her, or less anxious to help her in any way, than
I have been since I could help anything. My treasure is still with you, and how best to serve
Pittsburgh is the question which occurs to me almost every day of my life."
Colonel James Anderson, who Carnegie believes to be his childhood benefactor, established a
public library in his hometown of Allegheny City. This library was the first opportunity for
Carnegie to take advantage of free information, and he developed a vast interest for knowledge,
checking out at least one book a week, and developing himself as a young boy. With Colonel
Anderson's generous contribution to his society molding Carnegie's
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