Andrew Carnegie The King of Steel

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Pittsburgh, Pennsylvania ”You cannot push anyone up the ladder unless he is willing to climb” dicated to Raissa and Priscilla

description

Tells the tale of Andrew Carnegie one of the Greatest entrepreneurs in American history

Transcript of Andrew Carnegie The King of Steel

Page 1: Andrew Carnegie The King of Steel

Pittsburgh, Pennsylvania

”You cannot push anyone up the ladder unless he is willing to climb”

Dedicated to Raissa and Priscilla

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In the start up of the 20th Century for the first

time America had its place on the world stage

The Country has become a land of opportunity as

millions of people began flooding in from all around

world

Drawn by stories of men who have risen from

meager beginnings to build Empires

One of those men being…

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When arriving to America from

Scotland, at the mere age of 13, Andrew began

working as a bobbin boy. His duty was to

change spools of thread inside a

local cotton mill. He did this for 12

hours a day, 6 days a week.

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Tom Scott and Andrew Carnegie After Leaving the Cotton mill Andrew then took a job at the Pennsylvania

Railroad in 1853. He worked as the assistant

and telegrapher to Thomas Scott, one of the

railroad's top officials. Tom saw many of his own

attributes in Young Carnegie so he started to

mentor him and teach him the art of

entrepreneurism

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Through this experience, he learned from Scott about the railroad industry and

about business in general. Three years later, Carnegie was

promoted to superintendent of the Pennsylvania Railroad

in 1859. Were he would go on and started

investing

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Carnegie Steel Company was formed

Carnegie constructed his first steel mill in the mid-1870s: the profitable Edgar Thomson Steel

Works in Braddock, Pennsylvania

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The Risk By the next decade,

most of Carnegie's time was dedicated to the steel industry. His

business, which became known as the

Carnegie Steel Company,

revolutionized steel production in the

United States

That Changed America

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• Carnegie Started to build plants around the country,

• Using technology and methods that made manufacturing steel easier, faster and more productive.

• American city Skylines began to Transform reaching new heights never thought possible

• This was a Time period were America wasn’t only expanding western

• But also Up

West

UP

Was being built on Carnegie’s steelAmerica

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This start-to-finish strategy helped Carnegie

become the dominant force in the industry and an exceedingly wealthy man. It also made him

known as one of America's "builders"as his business

helped to fuel the economy and shape the

nation into what it is today. By 1889, Carnegie Steel Corporation was the largest of its kind in the

world.

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TheMuckrakers

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Homestead Strike of 1892Some felt that the company's success came at the expense of its workers. The most notable case of this came in 1892. When the

company tried to lower wages at a Carnegie Steel plant in Homestead, During this time Carnegie had Given power to Henry

Frick to take care of domestic issues in Pennsylvania, the employees objected. They refused to work, starting what has been called the Homestead Strike of 1892. The conflict between the workers and

local managers turned violent after Frick called in the Pinkertons to break up the union. While Carnegie was away at the time of strike,

many still held him accountable for his managers' actions

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CARNEGIE HALL .

New York, New York In 1901, Carnegie made a dramatic

change in his life. He sold his business to the United States Steel Corporation, started by legendary financier J.P. Morgan. The sale earned him more than $200 million. At the age of 65, Carnegie decided to spend the rest of his days helping others. While he had begun his philanthropic work years earlier by building libraries and making

donations, Carnegie expanded his efforts in the early 20th century.

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• Donated approximately $5 million to the New York Public Library so that the library could open several branches in 1901

• Devoted to learning, he established the Carnegie Institute of Technology in Pittsburgh, which is now known as Carnegie-Mellon University in 1904.

• He created the Carnegie Foundation for the Advancement of Teaching in 1905.

• With his strong interest to peace, he formed the Carnegie Endowment for International Peace in 1910.

• He made numerous other donations, and it is said that more than 2,800 libraries were opened with his support.

DONATIONS

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