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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

Is Andrew carnegie's daughter still alive?

No, Andrew Carnegie's daughter, Margaret Carnegie, is not alive. She was born in 1867 and passed away in 1936. Margaret was known for her philanthropic work, continuing her father's legacy in various charitable endeavors.

Why do you describe Andrew Carnegie and John D Rockefeller as captains of the industry?

Andrew Carnegie and John D. Rockefeller are described as "captains of industry" due to their significant contributions to the American economy during the late 19th and early 20th centuries. Carnegie revolutionized steel production, leading to mass industrialization and infrastructure development, while Rockefeller transformed the oil industry through innovative practices and economies of scale. Both men exemplified entrepreneurial spirit and played crucial roles in shaping their respective industries, ultimately influencing the growth of the U.S. economy. Their philanthropic efforts further solidified their legacies as transformational figures in American history.

Was Andrew carnegie robber baron?

Andrew Carnegie is often labeled a "robber baron" due to his aggressive business tactics and the monopolistic practices of the steel industry during the late 19th century. He amassed great wealth while often exploiting labor and minimizing costs, leading to harsh working conditions. However, he is also recognized for his philanthropic efforts, donating much of his fortune to educational and cultural institutions, which complicates the narrative of him being solely a robber baron. Ultimately, his legacy is a mix of both significant economic achievement and controversial labor practices.

Was Andrew Carnegie the first to mass produce steel?

No, Andrew Carnegie was not the first to mass produce steel. The mass production of steel began earlier with the introduction of the Bessemer process in the 1850s, which allowed for the efficient production of steel from molten pig iron. However, Carnegie played a crucial role in the steel industry by refining production techniques and significantly increasing output, making his Carnegie Steel Company one of the largest and most successful steel producers in the United States.

Where was Andrew carnegie's home in point breeze?

Andrew Carnegie's home in Point Breeze is located in Pittsburgh, Pennsylvania. The mansion, known as "Cliffside," was built in the late 19th century and served as his residence until his death in 1919. The property is situated on a hillside overlooking the city and is notable for its impressive architecture and extensive gardens. Today, the site is part of the Pittsburgh Parks Conservancy and is not open to the public.

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.

Who was Andrew carnegies' mentor that gave him his first messenger job?

Andrew Carnegie's mentor was Thomas A. Scott, who was the superintendent of the Pennsylvania Railroad. Scott hired Carnegie as a messenger boy when he was just a teenager, which marked the beginning of Carnegie's career in the railroad industry. Under Scott's guidance, Carnegie learned valuable business skills and principles that would later contribute to his success as an industrialist and philanthropist.

Based on the passage about Andrew Carnegie one could say that he was an entrepreneur an industrialist and?

a philanthropist. Carnegie was instrumental in the expansion of the steel industry in the United States, showcasing his entrepreneurial spirit and industrial prowess. After achieving significant wealth, he dedicated much of his fortune to philanthropic efforts, focusing on education and libraries, which reflected his belief in the importance of self-improvement and social responsibility. This combination of business success and commitment to philanthropy defines his legacy.

Why Carnegie and Rockefeller become rivals?

Carnegie and Rockefeller became rivals primarily due to their competing interests in the steel and oil industries, respectively. As Carnegie expanded his steel empire, he sought to dominate the market, while Rockefeller's Standard Oil aimed to control oil production and distribution. Their rivalry intensified as both sought to undercut each other's prices and gain market share, leading to a fierce competition that defined the Gilded Age. Additionally, their differing business philosophies—Carnegie's emphasis on innovation and efficiency versus Rockefeller's focus on monopolistic practices—further fueled their contention.

What did Andrew carnegie do that waas bad?

Andrew Carnegie, while known for his philanthropic efforts and contributions to industry, also faced criticism for his business practices. He implemented harsh labor conditions in his steel mills, which included long hours, low wages, and unsafe environments. The most notorious incident was the Homestead Strike of 1892, where he used armed security to suppress workers' protests, resulting in violence and deaths. This event highlighted the stark divide between industrialists and laborers during the Gilded Age.

What color is Andrew Carnegie and eyes?

Andrew Carnegie was known to have blue eyes. However, information about his specific eye color is not extensively documented in historical records. His legacy is primarily associated with his contributions to the steel industry and philanthropy rather than personal physical attributes.

How was Andrew Carnegie's life in the US?

Andrew Carnegie emigrated from Scotland to the United States as a child and rose from humble beginnings to become one of the wealthiest industrialists of his time. He started as a bobbin boy in a cotton factory and later invested in various ventures, notably the steel industry, where he founded Carnegie Steel Company. His success was marked by innovations in production and management, ultimately leading to the steel industry's dominance in America. Later in life, he became a notable philanthropist, giving away much of his fortune to support education, libraries, and cultural institutions.

What role did Andrew Carnegie have on free enterprise?

Andrew Carnegie played a significant role in shaping the principles of free enterprise in the United States through his development of the steel industry. He championed competition, innovation, and efficiency, demonstrating how a capitalist economy could thrive when individuals pursued their own interests. Carnegie's emphasis on philanthropy, particularly through his advocacy for education and libraries, also illustrated the potential for successful entrepreneurs to contribute to societal progress. His practices and beliefs helped establish a framework for modern capitalism that emphasizes both personal success and social responsibility.

How did the homestead strike change people's view of carnegie?

The Homestead Strike of 1892 significantly tarnished public perception of Andrew Carnegie, as many viewed him as a ruthless industrialist prioritizing profits over workers' rights. The violent clash between striking steelworkers and Pinkerton agents revealed the extremes to which Carnegie’s management would go to suppress labor unrest. This incident led to a growing sentiment that Carnegie was more concerned with maintaining control and minimizing costs than with the welfare of his employees, altering his image from a benevolent philanthropist to a symbol of corporate greed.

WhY were Rockefeller and Carnegie known as robber barons?

Rockefeller and Carnegie were known as robber barons because they amassed immense wealth and power through aggressive and often unethical business practices during the Gilded Age. They engaged in monopolistic tactics, such as price-fixing and undercutting competitors, to dominate their respective industries—oil for Rockefeller and steel for Carnegie. Their practices often exploited workers and stifled competition, leading to widespread criticism and the perception that they prioritized profit over social responsibility. This term reflects the public's view of their wealth acquisition as exploitative rather than entrepreneurial.

Why were John D Rockefeller Andrew Carnegie and JP Morgan called the Captian's of industry?

John D. Rockefeller, Andrew Carnegie, and J.P. Morgan were referred to as "Captains of Industry" because they played pivotal roles in shaping the American economy during the late 19th and early 20th centuries. They were instrumental in the growth of major industries—oil, steel, and finance, respectively—driving innovation, increasing productivity, and creating vast wealth. Their business practices, while often controversial, contributed to the expansion of the U.S. economy and established them as influential figures in American history. Their legacies include both significant economic development and the emergence of large corporate entities.

Why are Rockefeller and Carnegie known as robber barons?

John D. Rockefeller and Andrew Carnegie are often labeled as "robber barons" because they amassed vast fortunes in the late 19th century through aggressive and often unethical business practices. Rockefeller dominated the oil industry with Standard Oil, using tactics like price-cutting and secret deals to eliminate competition. Carnegie, in the steel industry, employed similar strategies and was known for harsh labor practices, including the infamous Homestead Strike. Their immense wealth and influence raised concerns about monopolistic practices and the exploitation of workers, leading to the "robber baron" label.

Which business strategy did carnegie use to eliminate competition?

Andrew Carnegie employed a strategy of vertical integration to eliminate competition in the steel industry. By controlling every aspect of production—from raw materials to transportation and distribution—he reduced costs and increased efficiency. Additionally, Carnegie utilized aggressive pricing tactics and strategic partnerships to undercut competitors, ultimately consolidating his dominance in the market. This approach not only diminished competition but also allowed him to scale operations rapidly.

What did carnegie have to do with US Imperialism?

Andrew Carnegie was a prominent industrialist and philanthropist whose views on U.S. imperialism were complex. While he initially supported American expansionism, particularly in the context of economic interests, he later became a vocal critic of imperialism, arguing that it contradicted American democratic ideals. Carnegie's involvement in imperialism is also reflected in his efforts to promote peace and his opposition to the annexation of territories like the Philippines, believing that imperialism undermined the nation's values. Ultimately, his legacy is intertwined with both the era's expansionist policies and the push for peace and international cooperation.

Why were businessmen like carnegie and rocquefelled able to become so wealthy and powerfuln?

Businessmen like Andrew Carnegie and John D. Rockefeller became incredibly wealthy and powerful due to their innovative approaches to industry and their ability to capitalize on emerging markets during the Industrial Revolution. They utilized vertical and horizontal integration to control production and distribution, significantly reducing costs and increasing profits. Additionally, favorable government policies, limited regulation, and a growing consumer market allowed them to expand their businesses rapidly, establishing monopolies in their respective industries. Their success also stemmed from strategic investments and the ability to adapt to changing economic conditions.

What did Andrew carnige do with his wealth?

Andrew Carnegie used his wealth primarily to promote education and peace. He established libraries, schools, and universities, including the Carnegie Institution for Science and Carnegie Mellon University. Additionally, he created foundations, such as the Carnegie Corporation, to support various philanthropic causes, including cultural and scientific advancements. Carnegie believed in the "Gospel of Wealth," advocating that the rich should use their fortunes for the greater good of society.

Who was Andrew Carnegie's cousin?

Andrew Carnegie's cousin was William Carnegie, who was also involved in the steel industry. William worked alongside Andrew in various business ventures, particularly in the early days of Carnegie's career. While Andrew became a prominent figure in American industry and philanthropy, William's contributions were more localized and less well-known. Their family connection highlights the close-knit relationships often found in immigrant families during that era.

How Andrew Carnegie treated workers and buseness competition?

Andrew Carnegie had a complex relationship with workers and business competition. He believed in the importance of efficiency and productivity, which often led to harsh labor conditions, including long hours and low wages, particularly in his steel mills. While he advocated for competition as a means to drive innovation and economic growth, he also employed aggressive tactics to eliminate rivals, such as forming the Carnegie Steel Company, which dominated the industry. Ultimately, his approach reflected a blend of philanthropy and a ruthless pursuit of profit.

Where did Andrew carnegie start his business?

Andrew Carnegie started his business in Pittsburgh, Pennsylvania. He began his entrepreneurial journey in the 1850s, initially investing in the railroad industry before moving into the steel industry. Carnegie founded the Carnegie Steel Company in the 1890s, which became one of the largest and most profitable steel companies in the world, significantly contributing to the industrial growth of the United States.

What happens to Carnegie steel sales?

Carnegie Steel, founded by Andrew Carnegie in the late 19th century, experienced significant growth in sales due to the booming demand for steel during the industrial revolution. The company's innovative production techniques and strategic acquisitions allowed it to dominate the steel market. However, by 1901, Carnegie Steel was sold to J.P. Morgan, who merged it into U.S. Steel, further consolidating its market position and expanding its sales reach. This acquisition marked the end of Carnegie Steel as an independent entity but solidified its legacy in the steel industry.