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Why was Andrew Carnegies favorite method to getting rid of surplus money Donating It To Public Services?

It was his favorite method because he enjoyed giving to people, and out of the three methods, this method gave the most to society.


How much did Andrew Carnegies first job as a bobbin boy pay him a week?

Andrew Carnegie's first job as a bobbin boy in a cotton factory paid him around $1.20 a week. This job involved long hours of hard labor, and Carnegie's early experiences in the workforce shaped his views on industry and philanthropy later in life. Despite the low pay, he valued the opportunity to work and learn, which contributed to his later success.


Was Andrew Carnegie a robber baron or a caption of industry?

He was a captain of industry


How did carnegies early job with railroads greatly contribute to his success in the steel business?

Andrew Carnegie's early job with railroads provided him with valuable insights into the burgeoning transportation industry and the demand for steel. Working as a telegraph operator and later in various operational roles, he developed crucial connections and an understanding of efficient production methods. This experience enabled him to identify opportunities in the steel market, particularly for rail infrastructure, and laid the foundation for his future success in creating a steel empire. Ultimately, his railroad experience helped him leverage both technology and strategic partnerships to dominate the steel industry.


Who had a monopoly in the steel industry?

Andrew Carnegie and then he sold it to J.P. Morgan