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He Built Pittsburgh Carnegie Steel Company. And, he also built Carnegie Hall.

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14y ago

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How did Andrew Carnegie define wealth?

In 2007, the New Republic Online reviewed a book, Andrew Carnegie, by David Nasaw. According to the review. . .>>"Carnegie . . .was one of the few rich Americans who could claim to be a self-made man. But, to his credit, he refused to do so, locating the source of his wealth -- indeed, of any millionaire's wealth -- in "the community," by which he meant that he had been in the right place at the right time: Pittsburgh in the 1870s, when the shift from iron to steel was about to take off. And as Nasaw convincingly shows, Carnegie also had a knack for insinuating himself with corporate mentors and turning them into dependable cronies.


How did andrew Carnegie's steel company become so successful?

he had low prices


Why were Rockefeller and carnegie so successful?

because rockefeller started the standard oil company and carnegie started the carnegie steel company.


How is the guy who made facebook so rich?

Because he made facebook....


How did carnegie become so powerful?

Andrew Carnegie became powerful primarily through his strategic investments in the steel industry during the late 19th century. He founded the Carnegie Steel Company, which utilized innovative production techniques and efficiencies, allowing him to dominate the market. Additionally, his ability to integrate vertically by controlling every aspect of steel production, from raw materials to transportation, significantly increased his profitability. Carnegie's keen business acumen, coupled with his commitment to philanthropy later in life, solidified his legacy as one of the most influential industrialists of his time.

Related Questions

Why is Carnegie Hall so famous?

Carnegie Hall was built by philanthropist Andrew Carnegie. It was originally called the Music Hall Founded by Andrew Carnegie. The name was changed in 1983 to Carnegie Hall. BTW did you know Carnegie Hall was almost demolished in 1960?


Why was Andrew Carnegie so important?

He built libarys and school


What year did Andrew Carnegie invent the steel?

So he can have a steel boner


How did Andrew Carnegie define wealth?

In 2007, the New Republic Online reviewed a book, Andrew Carnegie, by David Nasaw. According to the review. . .>>"Carnegie . . .was one of the few rich Americans who could claim to be a self-made man. But, to his credit, he refused to do so, locating the source of his wealth -- indeed, of any millionaire's wealth -- in "the community," by which he meant that he had been in the right place at the right time: Pittsburgh in the 1870s, when the shift from iron to steel was about to take off. And as Nasaw convincingly shows, Carnegie also had a knack for insinuating himself with corporate mentors and turning them into dependable cronies.


How did andrew Carnegie's steel company become so successful?

he had low prices


Why was Andrew Carnegie so important to the steel industry?

steel needed for railroad


Why did Andrew Carnegie say it is a disgrace for a man to die rich?

Andrew Carnegie believed that wealth should be used for the greater good rather than hoarded for personal legacy. He argued that those who accumulate great fortunes have a moral obligation to distribute their wealth during their lifetime to benefit society. By doing so, they can help address social issues and improve the lives of others, thus leaving a more meaningful legacy. Carnegie saw dying rich as a failure to fulfill this responsibility.


Why was Andrew Carnegie so important to libraries?

because he built them so people didnt have to pay for the books


What made people dislike Andrew Carnegie?

Andrew Carnegie was disliked by people because he had a really big steel company everywhere and for every resource that he needed for his company he would have to make another company so like if I had a soda company and I needed sugar for the soda then I would have to make a sugar company so people disliked him because he had lots of companies.


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.


Is a steel beam with carnegie embossed on it very old?

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.


Are there any of Andrew carnegie family still alive?

Well, honey, Andrew Carnegie's descendants are still kicking around somewhere. The man had a whole bunch of kids, so you can bet your bottom dollar that there are some great-great-grandkids running amok. Whether they're living the high life or just scraping by, who knows? But yeah, the Carnegie clan is definitely still out there causing a ruckus.