American Character

a. Upon arrival, Carnegie secured a job in a cotton factory for $1.20 a week. After working in the cotton factory for a short period of time, Carnegie obtained several other jobs and performed each to the best of his ability.
             While working for a telegraph company in Pittsburgh, Carnegie met a man named Thomas A. Scott who ran the Pittsburgh Division of the Pennsylvania Railroad. Carnegie impressed Scott and he became Scott's "right hand man." With the Civil War came a boom in the iron industry. Carnegie saw potential for fortune in iron so he left the Pennsylvania Railroad to get a job with Keystone Bridge Company where he was earning and average annual income of $50,000, which today is equivalent to about $962,000 per year ("Andrew Carengie").
             At age 35 Carnegie decided being a businessman no longer suited him so he began investing in the newly developed Bessemer process, which turned iron into steel. Carnegie invested his own money and borrowed a lot of extra money to start a steel company in Pittsburgh known as Carnegie Steel. By 1900 Carnegie Steel produced the most steel in the world, producing more than all of Great Britain.
             J.P. Morgan, one of the greatest investors the world has ever known offered to buy out Carnegie Steel. Initially, Carnegie denied the offer but eventually wrote an asking price on a piece of paper and had it delivered to Morgan. Morgan bought Carnegie Steel for $480 million without hesitation. When Morgan bought the company he said to Carnegie, "Congratulations you are now the richest man in the world" ("Andrew Carnegie"). Carnegie is still considered by many to be the richest man in the world because today his $480 million company would be worth over $99 billion.
             This is a classic rags to riches story and shows that hard work and devotion pay off. Americans have great ambitions in life and many people will work as hard as they possibly can and will do anything in their power to achieve their go...

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