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Andrew Carnegie came to America from Scotland, and after doing factory work, he went to work for the Pennsylvania Railroad, as a telegrapher (he sent out messages, using the telegraph, which was how business communication was transmitted in those days). He developed a good understanding of the railroad business, and worked his way up in the company, eventually becoming an executive. He also began making investments into other businesses, especially the steel industry. He founded his own steel company in the 1870s, and built it into a force in the business world. In fact, by 1889, the Carnegie Steel Corporation was the largest steel company in the world. He became a very wealthy man and made millions.
Then, in 1901 he sold his business and decided to spend his remaining years focused on doing charitable work. He became a well-known philanthropist, donating to libraries and museums, and creating an institute for the study of peace. In 1904, he also established a university, today known as Carnegie-Mellon University.
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What business did Andrew Carnegie dominte?
The one business that Andrew Carnegie was known for dominating was the steel manufacturing business.
What does Andrew Carnegie mean when he says I would get out of it in a conversation with his friend Frank Doubleday?
Andrew Carnegie used a conversation with Frank Doubleday to show how ruthless and unstoppable Carnegie was in business. When Carnegie asked how much Doubleday made in his business and was told \"very little\" Carnegie responded that he would get out of that business.
Who is the captain of industry who made steel?
Andrew Carnegie
Who dominated the steel industry in the late 1800 and early 1900?
Andrew Carnegie. John D. Rockefeller had created a monopoly with his oil business, too.
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.
What was Andrew Carnegie's first business deal?
Andrew Carnegie made his name in the steel industry that was a major part of the United States in the nineteenth century. His first deal was the Keystone Bridge Company.
What year did Andrew carnegie start his business?
1876
What business did Andrew carnege control?
Andrew Carnegie had a monopoly in the steel industries.
What was Andrew Carnegie's monopoly?
Andrew Carnegie's Monopoly is the extreme case in capitalism.
What businesses did Andrew Carnegie own?
His business was the steel industry.
What type of business did Andrew Carnegie start?
U.S. Steel
How did Andrew Carnegie made money?
Steel
