Mills
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
Carnegie wrote various articles and books and soon became an unofficial diplomat in the cause of reducing differences and promoting peace. Some $350 million of Carnegie's business profits was donated to causes he saw fit. 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. Carnegie always wanted to cut the costs of his products. Business, education and world peace all progressed thanks to! the hard work and well earned money of Andrew Carnegie. The pay of the workers would increase if profits went up, and the pay would decrease if profits went down. if someone owed him a penny he wanted it, if he owed a penny he wanted the other person to have it, and once he found the cost to make a product he wanted to find ways to make more products for the same amount of money. His motto was !"Watch the costs, and the profits will take care of themselves. The immense strength and wealth of Carnegie Steel benefited the United States enormously proving that Carnegie was a captain of industry. The steel industry made Carnegie a very wealthy man and with this wealth, believing "One who dies rich. His treatment of workers was completely different from all other businesses at that time. Carnegie's company was so strong that it kept buying, building, and expanding while other companies went out of business. He was also against giving it to trustees to give away for causes he may not agree with. Carnegie had an impressive way of dealing with workers who went on a strike. His final decision was that the individual who owned money should rely on his own intelligence and personality to distribute the money.
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