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Andrew Carnegie 2 - Term Papers

Andrew Carnegie 2

Andrew Carnegie was an intelligent Scottish immigrant that excelled in the steel and oil industries. He provided our country with inexpensive steel that allowed other industries to thrive. Carnegie was also a generous and well-known philanthropist.
Andrew Carnegie was born in Dunfermline, Scotland November 25, 1835. His parents, William and Margaret Carnegie, were impoverished iron mill workers. They immigrated to the United States in search of employment and opportunities in 1848.
Andrew Carnegie obtained a variety of occupations since his first arrival to America. His first job, at age thirteen, was a bobbin boy in a local cotton mill. At fifteen, Carnegie delivered telegrams for ...

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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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PAPER DETAILS

Added: 8/10/2006 07:06:59 PM
Category: World History
Type: Premium Paper
Words: 1286
Pages: 5

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