Andrew Carnegie 2

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ride to these distant destinations was quite uncomfortable. The passengers’ complaints increased.
Theodore Woodruff developed sleeping cars that introduced passengers to more comfortable rides. Through the persuasion of his boss, Carnegie bought a share in this particular company while working for the Pennsylvania Railroad. Carnegie’s boss urged him to purchase one-eighth share in this company. The share’s money supply sharply increased due to the excessive amount of railroad companies that wished to please their passengers.
From the success of his stock with the sleeping car company, Carnegie was able to place his money in other lucrative opportunities. At the age of twenty-four, Carnegie was soon aware of the oil being utilized by the Seneca Indians in Titsuville, Pennsylvania. Realizing his opportunity, Carnegie decided to buy land in a near by area. The oil on the land provided Carnegie and his brother with an ample supply of money. The land itself had ...

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amount succeeded in doing so, because of the high prices needed to begin with.


Carnegie left America to travel to England and carefully watch the Bessemer Process in action. After many observations, Carnegie returned to America to start the steel industry.
After Carnegie returned to America, he formed a new company specifically for steel. Carnegie thought that his new steel mill should be located at Braddock’s Field near Pittsburgh, alongside the Monongahela River, and near two railroad lines. This allowed several ways to transport the steel.
Carnegie continued his business during the depression, through his determination to succeed. He knew that his new steel ...

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