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Thus did the poor son of a laboring immigrant become one of the wealthiest individuals in American history.
Andrew carnegie business. In addition to a lucrative career Andrew Carnegie was also one of the highest profile philanthropists of his era. Andrew Carnegies relentless efforts to drive down costs and undersell the competition made his steel mills the models for the entire industry. After poverty drove his family out of Scotland in 1848 Carnegie arrived in the United States as a.
Share with your friends. Enjoy the best Andrew Carnegie Quotes at BrainyQuote. Pierpont Morgan for nearly 500 million.
Many accounts of Andrew Carnegie state that he exploited his workers subjecting them to long hours a dangerous workplace and low pay. Andrew Carnegie and the Steel Industry Page 10. He also invested in vertical markets.
Learn more about how Carnegie made his fortune and about his vast philanthropic activities. With his quintessential rags-to-riches story Andrew Carnegie embodied the American Dream. Andrew Carnegie k ɑːr ˈ n ɛ ɡ i kar-NAY-gie November 25 1835 August 11 1919 was a Scottish-American industrialist and philanthropistCarnegie led the expansion of the American steel industry in the late 19th century and became one of the richest Americans in history.
His stake was nearly half the total. Morgan for 480 million in 1901. According to the Carnegie Corporation Carnegies personal peak wealth was about 380 million or.
Many workers in his steel mills worked for 12 hours per day seven days a week and were cast aside when they were no longer physically able to meet the demands of the workplace. Andrew Carnegie November 25 1835August 11 1919 was a steel magnate leading industrialist and philanthropist. Andrew Carnegies Story Accessed May 30 2020.
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