Six years later, he worked his way up to become secretary to the local superintendent of the Pennsylvania Railroad. By 1865, Carnegie was so busy managing the money he had earned in dividends that he left his job at the Pennsylvania Railroad. He entered the steel business in 1873 after touring a British steel mill and witnessing the awesome spectacle of the Bessemer process in action. By 1899, the Carnegie Steel Company manufactured more steel than all the factories in Great Britain. Andrew Carnegie is considered hero for some people, but for some people the doubt continues today, and this because everyone has their own perspectives.
The Gospel of Wealth was the most influential of his writings, however, in that Carnegie stressed that the wealthy had a moral obligation to give to philanthropic causes and serve as stewards of society. Four years later, in 1901, Carnegie was nearing the end of his business career and allowed J.P. Morgan to buy out his steel empire for an astonishing price of $480 million dollars (Ibid.). Morgan was able to create U.S. Steel, and Carnegie became the richest man in the world. Carnegie did not want to remain a shareholder in the steel company, however, so he put the $300 million in gold bonds that he received from the deal into a specially-built vault in New Jersey. He never wanted to see or touch any of the money (Swetnam and Smith 1993,
Andrew Carnegie and John D. Rockefeller were two of the wealthiest men of all time. Many have asked the question of whether each of them was a captain of industry or a robber baron. In essence, the question means were they honest men who gained their wealth through hard work, or did they reach success on the backs of the poor working class. In my opinion, both Andrew Carnegie and John D. Rockefeller were captains of industry due to their hard work, smart business, and dedication to efficiency. Andrew Carnegie began as a very hard working boy, entering the workforce at the young age of thirteen.
Andrew Carnegie was a Scottish-American industrialist who became owner of the Carnegie Steel Company, one of the greatest steel companies in the early 1900s, and becoming the wealthiest man in those times. He soon later became a well known philanthropist, giving away over three hundred million dollars since he retired from selling his steel company back in 1901 to J.P. Morgan for four hundred and eighty million dollars. And people ask, “Was Andrew Carnegie a Hero?” And in my opinion, I say no because he overworked his workers, paid very poorly to workers, and his philanthropic attempts. My first reason on why I think Andrew Carnegie was not a hero is because he overworked his workers. In Document I, it shows the statistics of the average work rate for Carnegie’s workers, and almost every worker works for more than ten hours a day, on every type of industry.
American Industrialist Andrew Carnegie was an extremely well known philanthropist. He made an immense fortune through his work within the steel industry. He believed in the idea of distribution of wealth. He supported his belief by giving away most of the fortune he had made over his years of work. Carnegie returned almost $300 million of his wealth to other people by establishing trust funds and making donations to other charitable organizations he supported.
James Lee Journal of Technology Law & Policy Article Draft 3 10/20/13 Fighting the Good Fight: Why the So-Called “War on Coal” is Beneficial for Pittsburgh’s Future Coal is found everywhere on earth and has been used as an energy source since ancient civilizations realized its immense potential for heating and industrial uses. In the United States, very few, if any, places have been shaped by coal more than the Pittsburgh region. A town does not earn the moniker “The Steel City” without relying heavily on coal. The impact of coal on Pittsburgh cannot be overstated. Not only did coal rapidly urbanize the area, but also ushered in unprecedented wealth and new technologies to Pittsburgh.
Glen’s quandary first results from his incompetence in the capitalist society. Glen represents working class men, the proletariat, “who, having no means of production of their own, are reduced to selling their labor power in order to live “. Therefore, Glen suffers from exploitation of the bourgeoisie, the capitalist class. This is reflected in Glen’s petty wages, which cannot support his family’s already poor living standards. Even worse, despite being strong and skillful at manual labor, Glen, known for his “hot temper, bad memory and general uselessness”, is labeled as a counterproductive factor in the capitalist system.
He was known to have power over everythings that was involved with steel such as, “raw materials, transportation, manufacturing and distribution.” (Foner, Eric. Give Me Liberty!) By the year of 1890 Andrew had control over the whole steel company and while he was rich and his company was worth millions of dollars he tried helping out society as much as he could. He tried helping society by building libraries throughout the nation. (Foner, Eric.
Peter the great success or failure Source one says that Peters countrymen were ‘Bled dry by taxes and more taxes’ this shows that he was a very greedy king as increasing taxes means that he gets more money for himself , he also introduced taxes on the things that he didn’t like such as beards.He did this to try and put people of growing beards as he thought that they were old fashioned.Peter also made sure that it was the peasants who fought for him , people who had little land and almost no status.These people were sent to work in the army for a term of twenty five years.Furthermore , you can tell the extent peters obsession with taxes went to because he had a regular committee which met to think up more taxes. Source two expresses how violent Peter could be as it states that he had “fits of violent temper in which he resorted to kicks and blows”.This shows that Peter was a very angry man ,
Mitt Romney should and will become the next president of the United States because he has better credentials than his competitor. The reason being that Obama’s only success in politics in Chicago was removing some of the asbestos from one of Chicago’s apartment projects. Obama, himself, when asked by a fellow college classmate about what a community organizer does he said that he could not answer them directly. Mitt Romney has a lot more experience with the economy than Obama does. He has more hands on knowledge about the economy because he has owned a business, He even started his own business at the age of 37.