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Andrew Carnegie gave 80% of his money away to education. Carnegie thought that education was very important.
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Answer this question… D. He felt that the federal government should not be able to control business policies.
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How did Andrew Carnegie become the leading producer of steel?
Andrew Carnegie had a steel vertical monopoly by obtaining control over every level involved in steel production, from raw materials, transportation and manufacturing to distribution and finance.
What were Andrew Carnegie's opinions about the most important issues facing American society?
Andrew Carnegie felt that the people who had wealth were the ones best able to make decisions that would affect everybody else. He thought that it was the responsibility of the wealthy to control and guide those less fortunate, who obviously were not as capable as the rich because they were not as successful.
Was Andrew Carnegie a good guy or a bad guy?
This is a hard question to answer, because things are rarely all black or all white. While Andrew Carnegie was a brilliant businessman who made millions in the steel industry, by many accounts, he was also a relentless and driven boss who did not want to give his workers the pay they deserved. But while it would be easy to dismiss him as just another greedy business executive, he also seems to have realized that life should not just be about making millions. When he was in his 60s, he sold his businesses and devoted the rest of his life to charitable work and philanthropy. He funded libraries and museums, he created an institute for the study of peace, and he even founded a university. So, as you can see, at some points in his life, you might be able to make a case for him being a bad guy, yet at other times, he was absolutely what we would consider a good guy.
How was Andrew Carnegie able to produce huge amounts of steel at low price?
because he had lots of workers and had to pay them and could not pay for it because he had to pay the workers.
Would Andrew Carnegie have been able to develop oil and steel if the government practiced a very strict regulatory policy?
John D. Rockefeller developed the oil industry, not Carnegie. Andrew Carnegie started the Steel industry. If America had anything like India's License Raj, oil and steel never have been developed. Silicon Valley started in California because Chinese and Russians could not obtain the transistors and other parts required to make the computers. They could not get bureaucratic permission to play around with them. New technology can not develop under stifling bureaucracy.
Which tycoon made steel into one of the nation's biggest industries?
Andrew Carnegie was the millionaire tycoon who made his riches in the steel industry.
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How was Carnegie able to make more steel for less money?
While the Bessemer Converter had been used in the United States before Carnegie used it, he was the first one to use extremely large Bessemer Converters to make steel. So he used economies of scale.
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