Andrew Carnegie Captain of Industry

             A captain of industry is defined as a business leader that benefits the nation in a positive way. This includes increasing the availability of goods, creating more and new jobs, and donating money to benefit the well being of the people. Andrew Carnegie was born in Dunfermline, Scotland in 1835. His father, Will, was a failing weaver. Leaving Scotland poor, his mother wanted to return in a carriage as a wealthy well-respected woman of importance. This drove Andrew to become successful by amassing wealth in the steel industry. He came from a poor family and had little formal education. When the Carnegies immigrated to America in 1848, Andrew was determined to bring prosperity to his family. He worked many small jobs, which included working for the Pennsylvania Railroad where he first recognized the importance of steel. With this recognition, he resigned and started the Keystone Bridge Company in 1865. He built a steel-rail mill, and bought out a small steel company. By 1888, he had a large plant, which provided many jobs in the United States. His steel company grew until it made him the wealthiest man in the world. His wealth was abundant and he believed that "one who dies rich...dies disgraced," because of this he donated much of his money to different things to educate people because he believed ignorance to be the main enemy of the people. After retiring Carnegie donated much money and time in world peace. The way Carnegie ran his business, donated his money, and worked hard to try and make the world a better place prove that he was a true captain of industry.
             Andrew Carnegie's management of his company showed he was a captain of industry. His treatment of workers was completely different from all other businesses at that time. His workers got higher salaries and shorter shifts. Carnegie used a sliding scale for wages. The pay of the workers would increase if profits went up, and the pay would decrease ...

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Andrew Carnegie Captain of Industry. (1969, December 31). In MegaEssays.com. Retrieved 05:17, March 29, 2024, from https://www.megaessays.com/viewpaper/56606.html