andrew carnagie
Andrew Carnegie Andrew Carnegie The Rise of Big Business Andrew Carnegie was born in Dumferline, Scotland, in November of 1935. His parents were Will and Margaret Carnegie. He also had a brother, Tom. The main income for the geographic location where he grew up was weaving linen. The people who engaged in this type of employment considered this an art since it had relatively unchanged since medieval times. Andrew's father was one of those craftsmen. Since there had been so little change in this type of work, they were really caught off guard when machine production came around. For some, this industrialization was good. The Carnegies were lead to believe that this was the way they should be headed. At first the returns were good for them, but prices and demand fell, and they were left without anything. The whole looming industry was virtually gone; and with that, it was clear that there would be no trade for Andrew to learn. They had received letters from time to time about th!e possibility of work in America. After the looms fell through for them, they realized that they didn't have much of a choice of what to do. So, they borrowed the money for the voyage from Scotland to New York in the hopes of having a fresh start. Losing e
At one point though, he may have gone a little too far. By doing this, cost per ton-mile fell. Carnegie was driven on returning profits form his company back in to his company to expand growth. The sale of this company was combined with another company to become Un!ited States Steel. From there Carnegie learned how to make money without lifting a finger: investing. The bottom line for him at this time was to invest no matter what. Much of his fortune was given away in the years that followed. From the factory to office boy, messenger, part and full time telegrapher, Carnegie seemed to be destined for greatness. He also learned that it didn't matter whose money was being used for the transactions as long as the return exceeded the cost. He was also willing to do anything to succeed. Upon arriving they immediately set out for work. There was a bottom for the reversal of this practice, though. He even hired a full time chemist on his staff to be on top of the scientific aspect of steel production. In November of 1872, Carnegie went from capitalist to entrepreneur by forming a company to manufacture Bessemer steel. He hired Carnegie to be his personal telegrapher and to assist him in dispatching trains over the western division's mountainous main line.
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