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How did Andrew Carnegie make is money?
He sold steel to the US.
How did john d Rockefeller and Andrew carnage make their money?
John D. Rockefeller made his fortune primarily through the oil industry by founding Standard Oil, which dominated the U.S. petroleum market in the late 19th century through strategic practices such as horizontal integration and aggressive pricing. Andrew Carnegie amassed his wealth in the steel industry, establishing Carnegie Steel Company, which became the largest and most profitable steel company in the world by utilizing innovative production techniques and vertical integration. Both men were pivotal in shaping American industry during the Gilded Age and became symbols of wealth and philanthropy.
How did Andrew Carnegie make most of his money and what was a robber baron?
Andrew Carnegie made most of his money through the steel industry, founding Carnegie Steel Company, which became one of the largest and most profitable steel manufacturers in the United States during the late 19th century. He utilized innovative production techniques and vertical integration to reduce costs and increase efficiency. The term "robber baron" refers to wealthy and powerful industrialists of that era, often criticized for their exploitative practices, monopolistic tactics, and influence over politics, suggesting that they amassed their fortunes at the expense of workers and fair competition.
What were Andrew Carnegie's views on capitalism?
Andrew Carnegie was a very strong advocate of capitalism. He believed in the power of the individual to create his own destiny through hard work. He did not believe in the redistribution of wealth, nor did he believe in leaving too much to his children. He felt that if you give too much to your children it will make them dependant on this money and unwilling to work for themselves.
What is Andrew carnegie's rationale for the awhat is Andrew carnegie's rationale for the accumulation of wealth and power in the hands of the rccumulation of wealth and power in the hands of the rich?
Andrew Carnegie believed that the accumulation of wealth by the rich was justified as it enabled them to use their resources for the greater good of society. He argued that wealthy individuals had a responsibility to distribute their surplus wealth in ways that benefited the community, a concept he termed the "Gospel of Wealth." Carnegie contended that the rich were best positioned to make philanthropic investments, as they could fund education, public libraries, and other initiatives that would uplift society. Ultimately, he saw wealth as a tool for progress and social improvement rather than mere personal gain.
What industry did carnegie make his fortune?
After the Civil War he owned the largest iron and steel works in America.
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 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 make is money?
He sold steel to the US.
What positive thing did Andrew Carnegie do for his steel company?
He monopolized it. Which meens he made it so others coulden't make the same industry like him or produce the same in that town...i believe.
What did Andrew Carnegie's company make and sell?
he made it out of steel
How did Andrew Carnegie enter into control?
he killed some one to make him be in it. by carlos
Who said Steel is king and made it happen?
Andrew Carnegie was the person who said it and made it happen. He built Pittsburgh's Carnegie Steel Company which later join with Elbert H. Garys federal steel company and a few more smaller steel companies to make U.S Steel
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.
How did Andrew Carnegie impact on the development of the US?
His philanthropy was used to make libraries across America.
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.
How did JP Morgans life differ from that of Andrew Carnegie?
JP Morgan came from a wealthy family, whereas Andrew Carnegie started out in a low income situation. JP Morgan was born in the United States. He was sent to boarding schools, studied abroad in Switzerland in his teens, and then went to work for his father's bank early on. Andrew Carnegie was born in a one room weaver's cottage, that was shared with another family. His family was starving when he moved to move to the United States. He worked as a bobbin boy for $1.20 a week. Carnegie worked hard in labor jobs for a good portion of his life, and did not make his fortune in the steel industry until he entered his 50s.
