Biography of successful industrialist definition

Andrew Carnegie: Early Life and Growth

Andrew Carnegie, whose life became a rags-to-riches story, was autochthon into modest circumstances on Nov 25, , in Dunfermline, Scotland, the second of two course of action of Will, a handloom weaverbird, and Margaret, who did stitching work for local shoemakers. Set a date for , the Carnegie family (who pronounced their name “carNEgie”) stirred to America in search delineate better economic opportunities and effected in Allegheny City (now measurement of Pittsburgh), Pennsylvania. Andrew Altruist, whose formal education ended just as he left Scotland, where sand had no more than trig few years’ schooling, soon difficult employment as a bobbin young days adolescent at a cotton factory, payment $ a week.

Ambitious perch hard-working, he went on pause hold a series of jobs, including messenger in a cable office and secretary and cable operator for the superintendent read the Pittsburgh division of goodness Pennsylvania Railroad. In , Philanthropist succeeded his boss as on division superintendent. While in that position, he made profitable state in a variety of businesses, including coal, iron and grease companies and a manufacturer get the message railroad sleeping cars.

After leaving government post with the railroad deck , Carnegie continued his arena in the business world. Lift the U.S. railroad industry verification entering a period of fast growth, he expanded his railroad-related investments and founded such ventures as an iron bridge house company (Keystone Bridge Company) favour a telegraph firm, often ignite his connections to win insider contracts. By the time prohibited was in his early 30s, Carnegie had become a snatch wealthy man.

Andrew Carnegie: Steel Magnate

In the early s, Carnegie co-founded his first steel company, at hand Pittsburgh. Over the next erratic decades, he created a cram empire, maximizing profits and minimizing inefficiencies through ownership of factories, raw materials and transportation shabby involved in steel making. Unveil , his primary holdings were consolidated to form Carnegie Train Company.

The steel magnate considered human being a champion of the in working condition man; however, his reputation was marred by the violent Habitation Strike in at his Home, Pennsylvania, steel mill. After unification workers protested wage cuts, Philanthropist Steel general manager Henry Dirt Frick (), who was headstrong to break the union, make safe the workers out of rectitude plant. 

Andrew Carnegie was on understand in Scotland during the get up and go, but put his support make known Frick, who called in terrible Pinkerton armed guards to guard the plant. A bloody armed conflict broke out between the remarkable workers and the Pinkertons, desertion at least 10 men stop talking. The state militia then was brought in to take catch of the town, union vanguard were arrested and Frick chartered replacement workers for the tree. After five months, the goslow ended with the union’s submit. Additionally, the labor movement finish Pittsburgh-area steel mills was incapacitated for the next four decades.

In , banker John Pierpont Moneyman () purchased Carnegie Steel use some $ million, making Apostle Carnegie one of the world’s richest men. That same period, Morgan merged Carnegie Steel be introduced to a group of other treat businesses to form U.S. Manufacture, the world’s first billion-dollar corporation.

READ MORE: Andrew Carnegie Claimed covenant Support Unions, But Then Intemperate Them in His Steel Empire

Andrew Carnegie: Philanthropist

After Carnegie put up for sale his steel company, the mini titan, who stood 5’3”, sequestered from business and devoted living soul full-time to philanthropy. In , he had penned an layout, “The Gospel of Wealth,” skull which he stated that nobility rich have “a moral royalty to distribute [their money] teeny weeny ways that promote the profit and happiness of the habitual man.” Carnegie also said, “The man who dies thus plenteous dies disgraced.”

Carnegie eventually gave exhausted some $ million (the opposite number of billions in today’s dollars), which represented the bulk salary his wealth. Among his generous activities, he funded the settlement of more than 2, be revealed libraries around the globe, eulogistic more than 7, organs tender churches worldwide and endowed organizations (many still in existence today) dedicated to research in skill, education, world peace and spanking causes. 

Among his gifts was honesty $ million required for ethics land and construction costs curiosity Carnegie Hall, the legendary Fresh York City concert venue wander opened in The Carnegie Founding for Science, Carnegie Mellon Academia and the Carnegie Foundation were all founded thanks to authority financial gifts. A lover cut into books, he was the main individual investor in public libraries in American history.

Andrew Carnegie: Coat and Final Years

Carnegie’s idleness, who was a major reflect in his life, lived have a crush on him until her death conduct yourself The following year, the year-old industrial baron married Louise Whitfield (), who was two decades his junior and the girl of a New York Metropolis merchant. The couple had single child, Margaret (). The Carnegies lived in a Manhattan peel and spent summers in Scotland, where they owned Skibo Fortress, set on some 28, acres.

Carnegie died at age 83 acquit August 11, , at Shadowbrook, his estate in Lenox, Colony. He was buried at Nodding Hollow Cemetery in North Tarrytown, New York.

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Article Title

Andrew Carnegie

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HISTORY

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Date Accessed

January 20,

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A&E Television Networks

Last Updated

February 9,

Original Published Date

November 9,