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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 weaver
He 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.
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Who had a monopoly in the steel industry?
Andrew Carnegie and then he sold it to J.P. Morgan
What was Andrew Carnegie's monopoly?
Andrew Carnegie's Monopoly is the extreme case in capitalism.
Who was Andrew Carnegie and how did he cut costs?
Andrew Carnegie drastically cut labor and time required to shift material from one operation to another
What made Andrew Carnegie so rich?
He Built Pittsburgh Carnegie Steel Company. And, he also built Carnegie Hall.
Who was the leader of the American steel industry?
Andrew Carnegie
Who was the first industrialist to advocate the gospel of wealth?
Andrew Carnegie was the first industrialist to advocate the gospel of wealth. He believed that the wealthy had a responsibility to use their wealth to benefit society and help those less fortunate. Carnegie promoted the idea that the rich should engage in philanthropy and contribute to the welfare of the public.
What were Andrew carnegie's parents names?
Andrew Carnegie's father was William Carnegie. His mother was Margaret Morrison Carnegie.
Which American objected to U.S invented in cuba?
Andrew Carnegie
Is Andrew Carnegie single?
No, Andrew Carnegie is not single.
How old was Andrew Carnegie's daughter when he died?
Margaret Carnegie Miller (Andrew Carnegie's daughter) was 22 years old when Andrew Carnegie died.
What is Andrew Carnegie's occupation?
Andrew Carnegie is a/an Industrialist, Philanthropist
What did Andrew carnegie Investments?
Andrew Carnegie invested on steel
What did Andrew Carnegie Invest in?
Andrew Carnegie invested on steel
What is Andrew Carnegie's full name?
Andrew Carnegie's full name is actually just Andrew Carnegie.
Who was Andrew carnegie's mother and father?
Andrew Carnegie's father was William Carnegie and his mother was Margaret Morrison Carnegie.
Andrew Carnegie's wife and children?
Andrew Carnegie married Louise Whitfield (Carnegie). His daughter's name was Margret Carnegie. :^)
Who is the captain of industry who made steel?
Andrew Carnegie
