answersLogoWhite

0


Best Answer

No. At some point the management of US Steel reported a 60% rise in profits and then offered the employees a 30% pay rise. The labour unions however demanded a 60% pay rise. Management refused to budge on this (Carnegie at the time was in Scotland and communications and travel were infinitely slower than today) and the riots broke out in which the Pinkerton agents played such an infamous part.

Carnegie himself was a philantropist who spent great amounts of money on all kinds of charities. His Foundation is still very active in this field today.

User Avatar

Wiki User

8y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Did Andrew carnegie not raise wages of his workers even though he was making alot of money?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Continue Learning about Economics

Why did Andrew Carnegie argue in favor of monopolies?

Andrew Carnegie was a buisnessman and the richest one that ever lived with comparrison to the economy at the time, He went from an imigrant to head of the largest steal co in the world and hedid that by buying buying and buying every part of the steel industyr his rivals factories and every part of the industy including mines. He was a brilliant buisnessman and without monopoly he would never have reached what he had, eventually owning 90% of the industry its no wonder he suported it, and he was really a complicated man later in his life he laid out great emphasis on civil rights and industry regulations for workers yet the conditions in his steel mill were horrible (i.e. homestead) and he did all he could to maximize out put, though many saw him as a glorified man zesting up American economy he was a very harsh strict man who often acted cruely, that however was able to remain hidden and widely unseen being within the confines of his out mills, (yet later was greatly exposed). The fact that he suported monopoly a now heavily looked down upon institute was one he could not hide nor did he need to at the time major companies like naregie steel and rockefellers standard oil were simply unkown and the dangers of them had not yet been felt.


How did Andrew Carnegie create a successful business?

For one he utilized the art of vertical integration. This entailed total him governing all aspects of his business. From the mining of pig iron and other materials, to their refinement, and finally to the sales of his product. This way he would receive maximum profits. He also stressed efficiency, competition amongst workers, and a cheap product. He promote competitiveness among top employees, rewarding winners and firing failures. This is how he maintained employing the best of the beset. He was able to cut the cost of steal from 58 dollars a ton 25 which is why EVERYONE bought from him. It was his skill in mass production that made him so successful. To be honest I stumbled across this question because I'm writing a paper on the same thing. Hope this helps, know there is more behind it though. My professor is asking a more fundamental question. What characteristic traits did he acquire from his parents and others that helped him to accomplish all of this. Tough information to come across easily on the Internet Good luck my friend -M


What is the meaning of exploiting?

To exploit is to make use of. We can exploit an opportunity by making use of it when it arises. We can exploit natural resources by removing them from the environment and making use of them in some way. We can also unfortunately exploit people by using them, just as though they were some kind of disposable resource.


Millions billions whats next?

Trillions Trillions, Gazillions, Zarfrillians, sorry, i made these up exept for trillions even though these are the actual words that I use when it comes to making bigger numbers.


Why is Japan overpopulation?

It is overpopulated because peoples get force to stay there even though they have to smell the presidents farts and they also like Pizza especially from your momma and they only sell them over there because in the usa they were making pizzas out of your momma but sadly your daddy came and the whole store went boom!

Related questions

How did Andrew Carnegie treat his workers?

Andrew Carnegie was known to have mistreated his workers by paying low wages, enforcing long working hours, and resisting their efforts to unionize. Despite his philanthropic efforts later in life, his treatment of workers sparked labor strikes and protests during his time as an industrialist.


Is Carnegie Mellon University a good school for a veterinarian?

No, Carnegie Mellon University does not have a school of veterinary medicine, so you can't train here to become a veterinarian. You could complete your undergraduate studies here, though.


Is the person who invented the Colorado flag Andrew Carlisle Carson?

No, Andrew Carlisle Johnson, close though!


What does it take to be a veterinarian at carnegie mellon university?

To simply work as a veterinarian at Carnegie Mellon University, you would need to have a DVM or VMD degree (if you are a graduate of a US vet school), or the appropriate equivalent degree from an international vet school. However, if you want to train to become a veterinarian, you can't do that at Carnegie Mellon University - they do not have a school of veterinary medicine there. You could do your undergraduate studies at Carnegie Mellon, though.


Did Andrew Zimmern go to Israel?

no even though he is Jewish


Did Andrew Jackson get cut brutely by british mans sword?

Andrew Jackson did get cut i don't think brutley though


Is symeon davros carnegie freemanstein real?

no, though it appears someone has gone to some lengths trying to make it a real person...


Where can you get a workers permit in Philadelphia?

The School District of Philadelphia offers workers permit to minors. I'm not sure if that's what you meant though.


Where can one find more information on Andrew Wommack?

Though there are no biographies of Andrew Wommack currently published, you can find a good amount of information on him and his movement on the Andrew Wommack Ministries' website.


Is Andrew bynum related to will bynum?

No. Andrew Bynum has 2 older brothers though, Ernest and Corey Bynum.


Are IT workers professionals?

Many are, yes, though some workers are freelance and might have a full-time job doing something else.


Is Jackie and Andrew from soreal cru dating?

they were dating but not anymore. they are still very good friends though. Yes, they are engaged. Andrew posted it on his facebook.