Andrew Carnegie and the Rise of Big Business
Book: Andrew Carnegie and the Rise of Big BusinessSummary: This biography of Andrew Carnegie starts off focusing on his family's immigration to the United States of America and their reason for doing so. He was born in Scotland in 1835 and came to the United States in 1848. It then talks about his apprenticeships as both a manager and as a financier before going on to become one of the richest and most powerful businessmen in history. In 1865, established his own business enterprises and eventually organized the Carnegie Steel Company in Pittsburgh. The social and economic changes brought about by the Industrial Revolution allowed Carnegie to amass his fortune in the United States. He was ruthless in his cost-cutting endeavors, and he was willing to experiment with his new business methods that would increase production and profits. At age 65, he sold his company to J.P. Morgan for $480 million. At the beginning of the twentieth century, this Scotland native was one of the richest men in the world. He then devoted his life to philanthropic activities and writing. He gave away his fortune through numerous personal gifts and the establishment of various trusts. By the time he passed awa
One of the book's weaknesses is that it is too complicated and slow moving for someone who doesn't know much about him. Literary Quality: This book is one of the more interesting pieces on Andrew Carnegie for those who have a little knowledge of the history during his time. These books give the author some insight of the economy during Carnegie's era and the history of management in the United States. Evaluation: There are several things that Lindsey is trying to bring out in this book. These three books gave the author good material to work with because they each have some insight either first hand or through Carnegie's friends. When one studies the life of Andrew Carnegie, one only then realizes the impact he has had on where the world is today. Many can identify with Carnegie's story because it gives them hope and inspiration. Regardless of which view you have of him, one can see that he was one of the greatest businessmen of all time. Hendrick's The Life of Andrew Carnegie, and James Howard Bridge's book The Inside History of the Carnegie Steel Company. Another legacy he left was the federal governments intervention in American business with the anti-trust legislation. One view is to show us the immigrant who came from a poor Scottish boy to a guy who made a fortune in America. " This policy remains effective today.
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