An essay on the contributions of andrew carnegie to the development of american economy

The Necessity of Immigration in American Society Introduction Immigration [1]throughout history, has been a fundamental and often controversial facet of American life. However adamant the conception that immigration is dissolving the American way of life and destroying economic security, that notion can be refuted by pointing to the economic as well as cultural contributions made by immigrants, towards shaping, rather than preserving, American society. Legal immigration has played a fundamental and necessary part in shaping the United States both culturally and economically, as well as allowing for the continued existence of American dominance in world affairs.

An essay on the contributions of andrew carnegie to the development of american economy

Andrew Carnegie The Scottish-born American industrialist and philanthropist Andrew Carnegie was one of the first "captains of industry. Andrew Carnegie typified those characteristics of business enterprise and innovation that changed the United States from an agricultural and commercial nation to the greatest industrial nation in the world in a single generation—between and Surely, there were some men who manipulated the corporate securities of the companies they controlled in the stockmarket for their own gain, but the only victims were their fellow speculators.

The entrepreneurs of the period not only built and modernized industry, but because they were technologically minded, they increased the productivity of labor in agriculture, mining, manufacturing, and railroading. As a result, the real wages of workers and the real wealth of farmers went up sharply.

In all this, Carnegie was a pacesetter. He was a stiff competitor; plowing back company earnings into new plants, equipment, and methods, he could lower prices and expand markets for steel products. In years of recession and depression he kept running his plants, undercutting competitors, and assuring employment for his workers.

These 19th-century entrepreneurs were successful in a dog-eat-dog world for several reasons. Government followed a hands-off policy: Government had not yet made commitments to social justice, protection of the poor, or more equitable distribution of the national product. At the same time, the customs, attitudes, and sanctions of the period—and the law writers, courts, economists, Protestant clergy, and even the trade unionists affiliated with the American Federation of Labor— accepted the unequal distribution of wealth.

In fact, success in the marketplace was equated with the virtues of hard work, thrift, sobriety, and even godliness.

The Future of Philanthropy

It was in this kind of world that Carnegie, a man of boundless imagination and great organizational skills, built his companies and made steel efficiently and cheaply. He fought competitors and also efforts at market and price controls by the mergers and oligopolies that began to appear in the s.

Because he was successful, he had to be bought off: But it was not his end as a citizen, for he closely followed national and international developments, particularly the search for world peace, and expressed himself forcefully in writings and before legislative committees on questions of the day; and he helped lay plans for the organizations he set up to use his very large endowments.

Youth and Early Manhood Carnegie was born on Nov. Because they lived in a caste-ridden society, agitations for reform were unsuccessful.

The fierce desire to rise and to help take care of the family he was soon its chief support for the father died in pushed Andrew to educate himself and to learn a craft.

He became an indefatigable reader, a theatergoer who knew his Shakespeare so well he could recite whole scenes, and a lover of music with a cultivated taste. At the age of 14 Carnegie became a messenger boy in the Pittsburgh telegraph office, and 2 years later a telegraph operator. So quickly did he improve himself that at 18 Thomas A.

An essay on the contributions of andrew carnegie to the development of american economy

Carnegie stayed with the Pennsylvania Railroad untilby which time he was a young man of real means. He was one of the backers of the Woodruff Sleeping Car Company, the original holder of the Pullman patents, and also bought into a successful petroleum company.

He became a silent partner in a number of local small iron mills and factories; the most important was the Keystone Bridge Company, formed inof which he owned a one-fifth share.

Between and Carnegie became a self-designated capitalist. He traveled in and out of England, peddling the bonds of small United States railroads and publicly chartered bridge companies.

During this time Carnegie watched the revolutionary changes taking place in the English iron industry as a result of the adoption of the Bessemer converter. Steel, he saw, was bound to replace iron for the manufacture of rails, structural shapes, pipe, wire, and the like.

The Great American Dream

In Carnegie decided that instead of being a "capitalist" with diversified interests he was going to be a steelman exclusively.Andrew Carnegie, John Davison Rockefeller, and John Pierpont Morgan: Captains of Industry Words 4 Pages In the years following the Civil War, the American economy .

Andrew Carnegie: The man who revolutionizedthe world and the steel industry Douglas Cruz U.S. History Mr. Munoz May Woodrow Wilson: Impact and Legacy. there can be no doubt that his ideal inspired many Americans and that it shaped much of American foreign policy for the remainder of the twentieth century.

leadership, Congress enacted the most cohesive, complete, and elaborate program of federal oversight of the nation's economy up to that time. The development of Southeast Asia was therefore saved, as a result of the American intervention in Vietnam.

If the communists had been allowed to spread as quickly as planned, then the entire Southeast Asia would interpret communism as the way to go.

A Perspective on Charity in the Gospel of Wealth, a Book by Andrew Carnegie ( words, 5 pages) Andrew Carnegie, who wrote The Gospel of Wealth, had . Andrew Carnegie: Andrew Carnegie, Scottish-born American industrialist who led the expansion of the American steel industry in the late 19th century.

He was also one of the most important philanthropists of his era. Learn more about how Carnegie made his fortune and about his vast philanthropic activities.

Andrew Carnegie