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Andrew Carnegie
Andrew Carnegie was a Scottish-American businessman and philanthropist who made his wealth through steel. His philanthropy was used to establish libraries across the United States.
647 Questions
What were some interest's or hobbies of Andrew Carnegie?
his talents were the way that he handled his money which mad him one of the richest men in history 8)
When did Andrew Carnegie sell his steel industry?
Carnegie Steel was founded in 1892 when Andrew's various steel mills were merged together. http://www.spartacus.schoolnet.co.uk/USAcarnegie.htm
theprocess is which several steps in the production an/or distribution of a product or service are controled by a single company , in order to increase taht company's power in the marketplace. khezzar djamila.
What methods to Andrew Carnegie use to build his industry?
Andrew Carnegie used horizontal integration. He bought out his competition through this technique making his business more profitable.
What men had a monopoly in on the steel industry?
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Andrew Carnegie gained control of a large percentage of the steel industry by doing?
By Buying out his suppliers.
How did Andrew Carnegie become the leading producer of steel?
Andrew Carnegie had a steel vertical monopoly by obtaining control over every level involved in steel production, from raw materials, transportation and manufacturing to distribution and finance.
How was Carnegie a captain of industry?
Previous Answer: yes he is a captain of industry but he is also a robber barron
My Answer: He was one of the 1st "captains of industry". He was the leader of American steel industry from 1873 to 1901.
What was Andrew Carnegie known for?
Andrew Carnegie was an industrialist and businessman, who organized much of the US steel industry in the 19th century. But he was also a philantropist. He devoted much of his money to public and private projects that improved life for others. These included libraries, schools, and universities.
Did Andrew carnegie write any books?
Yes, Andrew Carnegie did have a wife, her name was Louise Whitfield.
What did Andrew Carnegie do for his mother after he was rich?
After Andrew Carnegie became rich, he bought a house for his mother and ensured she lived comfortably for the rest of her life. He provided her with financial security and cared for her well-being.
What evidence do you find that Andrew Carnegie followed his own advice in rising to the top?
Andrew Carnegie followed his own advice in rising to the top by emphasizing continual self-improvement, networking with influential figures, and making strategic investments to grow his wealth. He applied his principles of hard work, innovation, and adaptability in his own business ventures, particularly in the steel industry, which ultimately led to his success and accumulation of wealth.
What did Andrew Carnegie do that was so important?
He was the inventor of steel in the the late 19th century, he was a great philanthropist during his era and used the method called vertical integration. His industry grew as years went on during his time.
How it Would be Different If Andrew Carnegie never existed?
If Andrew Carnegie never existed, the steel industry in the United States may have been shaped differently. Carnegie was a key figure in the growth of the steel industry and the development of modern business practices. Without his influence, the landscape of American industry and philanthropy may have been altered.
Andrew Carnegie's gospel of wealth?
Andrew Carnegie's gospel of wealth was the belief that wealthy individuals have a responsibility to use their fortunes to benefit society. He argued that it is the duty of the rich to donate their wealth to philanthropic causes to help address social issues and support communities. Carnegie believed that philanthropy could help create a more harmonious society by redistributing wealth in a productive and beneficial way.
How was Andrew Carnegie selfish?
Henery Freik encouraged child labor and made his workers work for long hours with very low wages. He was an example of plutocracy: a working class governed by a wealthy person or party. In other words: HE RULED WITHOUT CONCERN.........
Who was Andrew carnegie's mother and father?
Andrew Carnegie's father was William Carnegie and his mother was Margaret Morrison Carnegie.
