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I think Andrew Carnegie sold out his steel company in 1901 to US Steel so I would guess it would be at least that old.
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∙ 15y ago
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How did Andrew Carnegie make steel?
Andrew Carnegie used the Bessemer process to make steel. This method made steel making both very cheap and very efficient.
How did Andrew Carnegie rise to power?
Andrew Carnegie started as a telegrapher in the Pittsburgh Office of the Ohio Telegraph Company. He rose rapidly and soon was a supervisor and a superintendent. He eventually became the president of railroads and very wealthy.
In what business was Andrew Carnegie able to make his millions?
Andrew Carnegie gave 80% of his money away to education. Carnegie thought that education was very important.
How did Andrew Carnegie business start?
He Found a steel industry in the United StateThen he decided to build tall very tall buildings called skyscrapers from steel
What Andrew Carnegie did to become associated with history?
He was a very important business man in the steel industry, and also a very important philanthropist who paid for many libraries as well as Carnegie Hall in New York, which remains an important auditorium to this day.
Who produced large quantities of steel very efficiently by buying and controlling iron ore deposits steel mills and railroads He helped the US become an important economic power in the world?
Andrew Carnegie.
What innovator was most responsible for making the United States a world economic power by producing large amounts of steel very efficiently?
Andrew Carnegie.
What does carnegie Hall mean?
Carnegie Hall is a very prestigious concert hall in Manhattan.
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.
Who is Andrew Carnegie?
Andrew Carnegie was one of the wealthiest men during the 1800's, he revolutionized the steel industry during the era of railroad expansion. He was rich. This was because he had lots of business with the industries and he sold steel at very low prices.Emma - The Life of Andrew Carnegie in a little more detail....Andrew Carnegie was the son of a handloom weaverHe was born in Dunfermline, Scotland, on 25th November, 1835.The economic depression of 1848 convinced the Carnegie family to emigrate to the United States where they joined a Scottish colony near Pittsburgh.Andrew began work aged 12 in a local cotton factory but continued his education by attending night school.At 14 Carnegie became a messenger boy in the local Pittsburgh Telegraph Office. His abilities were noticed by Thomas A. Scott, the superintendent of the western division of the Pennsylvania Railroad.After the war Carnegie succeeded Scott as superintendent of the western division of the Pennsylvania Railroad.Carnegie invested in many factories . The most important of these was Keystone Bridge, a company which he owned a one-fifth share.Carnegie decided that steel would now replace iron for the manufacture of heavy goods.Carnegie wrote a series of books including Round the World (1881), An American Four-in-Hand in Britain (1883) and Triumphant Democracy (1886), where he compared the egalitarianism of America with the class-based inequalities of Britain and other European countries.The Carnegie Steel Company was valued at $25 million and was now the largest steel company in the world.The Carnegie Steel Company continued to expand and between 1889 and 1899.Carnegie now had a personal fortune of $225,000,000.Carnegie set built 3,000 public libraries (380 of these in Britain), also included were the Carnegie Institute of Pittsburgh, the Carnegie Institute of Technology and the Carnegie Institution of Washington for research into the natural and physical sciences.By the time Andrew Carnegie died in August, 1919, he had given away $350,000,000. A further $125 million was placed with the Carnegie Corporation to carry on his good works.A Scottish born US steel industrialist turned philanthropist.
What does Andrew Carnegie mean when he says I would get out of it in a conversation with his friend Frank Doubleday?
Andrew Carnegie used a conversation with Frank Doubleday to show how ruthless and unstoppable Carnegie was in business. When Carnegie asked how much Doubleday made in his business and was told \"very little\" Carnegie responded that he would get out of that business.
Who came up with a cheaper and faster way to make steel?
Steel was first used in the 13th century BC. In 1740 crucible steel technique was developed by Benjamin Huntsman. In 1856 Henry Bessemer developed the "basic oxygen converter" to make steel. Andrew Carnegie didn't really improve the production, he knew how to invest his money and he did it in the steel industry. He used Bessemer methods on a very wide scale and he also used his money and influence to control the manufacturing of steel.
