Two titans of the steel industry, and one journey that went became sour all revolving around one large steel company and the battles it took to reach millions. That is what I say when I think of Andre Carnegie and Henry Clay Frick. In the 1870’s a strong and extraordinary team was in the making between these two men that was unknown at this time. Carnegie set out to be extremely successful in the steel industry. Carnegie began building despite the depression that was in the future. Over time there were positive happenings. What comes along with positive aspects also comes the negative aspects as well. Frick became partner to Carnegie in 1889, and the positive adventures began. Frick worked hard to work on the mass production programs to keep prices down. He was a true philanthropist. He had great managerial skills that were used in the industry. Carnegie was a very generous person, which helped complete the industrial revolution. He gave to schools, and libraries which was a blessing for the economy. Steel open hearth furnaces were put out and increasing efficiency through vertical integration. The depression came in 1893-1896 which caused unemployment, shutdowns, and failing markets. The Carnegie Company would then push prices down and retain workers. The Homestead plant was acquired in 1883 which $4 million was put forth to equipment. This increased production 60 percent however, cut down the amount of skilled workers needed. This is what set forth a Union which caused the Carnegie Company and workers to go back and forth on wage agreements. There was a sliding scale contract for wages put in place until July 1, 1892. The Union wanted to renegotiate however, Frick had a stipulation. That was lowering minimum…
Andrew Carnegie, one of the captains of industry, helped build the steel industry of
America which turned him into one of the richest entrepreneurs of his age. He had an
ambition for riches which helped him on his path to becoming such a successful entrepreneur.
His family fought to do away with inherited privilege and to bring about the rights of common
workers. Carnegies impact with the steel industry was one of the most important innovations
of the American industry.…
The Steel Industry
The late nineteenth century was an amazing time of growth in America. The population was growing at a staggering rate. In 1860 the population of the US was 31,443,321 and grew to 76,212,168 in 1900 and 92,228,496 in 1910. The industrial labor force tripled between 1880 and 1910. Large factories, which had existed only in the textile industry before the Civil War,became more common in many industries. Labor was in high demand to run these new industries. However,the continued…
and working his way into becoming one of the most “influential Philanthropist” across the world. Andrew Carnegie started as just an immigrant coming across to America with little to no money in his pockets. Little did everyone know, his drive for success would lead him to become one of the most successful entrepreneurs to ever live and founded a legacy that will never die in the Carnegie Steel Company.
All of Carnegie’s life he lived in poverty. He was born in Dunfermline, Scotland to…
as the Gilded Age, better known as the Industrial Revolution. Several industries such as oil, steel, and railroads rose during this time. Not only were new industries responsible for the development and growth of the American economy, but several dominant political figures of the day also had a close relationship with the industrial titans. One of the governing industrial titans was Andrew Carnegie and one of the biggest political figures was Richard Falley Cleveland. These two men aided the…
Realities, “The Rise of Andrew Carnegie” and “John Muir and the American Wilderness” and answer the following questions. Your responses should be one to two paragraphs in length for each question. Save your responses as a Word Document file and e-mail the document as an attachment at email@example.com. The assignment is due by Tuesday, January 27 at 11:59 p.m.
1. Explain the contributions of Andrew Carnegie to American life. (3 points)
Andrew Carnegie made numerous contributions to…
The Gilded Age
The Gilded Age
Following the Civil War, from 1877 to 1893 Americans experienced the Gilded Age. Symbolic of this era of tremendous economic wealth was steel production and railroads.
An article, written by Carl Swenson for “Model Railroader” in July of 2006, exemplifies, both the positive and negative aspects of the relationship formulated between the railroads and livestock shippers (Swenson, 2006). Railroads and livestock shippers have experienced…
What new material improved and depended on railroading? Railroad building soon led to the development of the steel industry; the leader in the transition from iron to steel was Andrew Carnegie.
4. What system of business did Andrew Carnegie pioneer?
Carnegie turned away from speculation, striking out on his own to build the biggest steel industry in the world. By 1900, Carnegie Steel had expanded to include several plants and stood as the best-known manufacturer in the nation.
I believe that Andrew Carnegie and John D. Rockefeller totally exemplify the American Dream. Before you continue reading shouldn’t we have an understanding of what the American Dream is? Although the American Dream varies from person to person, but the consensus is equality, democracy, and material prosperity. While some have an easier time achieving the American Dream others like Andrew Carnegie and John D. Rockefeller struggled and fought to achieve theirs.
Rockefeller is America's first business…
bigger. New inventions led to new thriving industries. Iron, for example, was replaced with ultra-strong steel. Andrew Carnegie built the biggest steal business in the world. One main reason why steel was in such demand was due to the expansion of railroads. Before steel, railroads ran on weak iron, which would crack and brake. By 1900, Carnegie Steel earned a whopping $40 million a year. Carnegie believed that big businesses such as this actually improved the overall wellbeing of the nation- rich and…
The contribution of wealthy businessmen to the rise of big businesses
How they contributed
Dominated the steel industry
Founder of the Carnegie Steel Company – provided raw materials
One of the richest and most powerful of the big industrialists
Invested successfully in railroads, land and oil before developing the Pittsburgh iron and steel industries – making the USA the world’s leading producer
Built up a vast industrial empire – sold it out to J.P.…