Andrew Carnegie's steel mills and the surrounding mill towns shared similarities with feudal towns in that both systems relied on a hierarchical structure of labor and economic dependency. In Carnegie's mills, workers depended on the company for wages and housing, akin to serfs who relied on lords for land and protection. Both environments fostered a sense of loyalty and obligation, with workers often facing harsh conditions in exchange for job security, reminiscent of the feudal system's rigid social stratification. Ultimately, both models highlight the interplay of power, labor, and economic control in shaping community dynamics.
Vertical integration occurs when a company owns several parts of the chain that ends in a finished product. For example, if the company produces the raw ingredients and also owns the means of turning those ingredients into finished products, this gives them an advantage compared to a company that has to find someone to use their raw product.
the feudal system for serfs was a bad thing because they always had to do work for the kings,lord and/or knights.
It sucked
An artisan in Feudal Japan would have been constantly on the move. Small settlements meant a need to travel in search of reliable work.
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They owned all of the same industries
Andrew Carnegie spent money on many things. Some of those things like public libraries and other public works are considered positive.
because they had monopoly it helped them crush others companies that were lower than them
Carnegie Controlled Almost the entire steel industry . by the time he sold his business in 1901 , Carnegie's companies produced by far the largest portion of steel.
Steel from people like Andrew Carnegie and Oil from People like Chad mcwide
Social Darwinism provided a justification for the wealth accumulation and monopolistic practices of companies like Carnegie Steel by arguing that success in business was a result of natural selection and survival of the fittest. This ideology allowed business leaders like Andrew Carnegie to defend their ruthless business tactics as being in line with natural principles, enabling them to amass wealth and power without significant ethical scrutiny.
He gave back tons and tons of different libraries. he also gave back tons of different kinds of buildings! (like Carnegie Hall)!!
Robber Barons
Andrew Carnegie was involved in various charitable endeavors, primarily focused on education, libraries, and scientific research. He established the Carnegie Corporation of New York, which funded numerous educational institutions and initiatives. Additionally, he founded public libraries across the United States and supported projects like the Carnegie Hall in New York City and the Carnegie Endowment for International Peace. His philanthropic efforts were guided by his belief in the importance of knowledge and cultural enrichment for society.
When someone owns a whole industry, like the steel company Andrew carnegie was the only one to be disributing steel.
They wanted more money, like that episode of south park when Canada goes on strike.
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