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Andrew Carnegie

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Title: Andrew Carnegie Author: Tucker Last modified by: dcwalina Created Date: 1/30/2010 6:06:00 PM Document presentation format: On-screen Show Other titles – PowerPoint PPT presentation

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Title: Andrew Carnegie


1
Andrew Carnegie
  • The Sultan of Steel

2
From Humble Origins
  • Born in Dunfermline, Scotland
  • November 25, 1838
  • Father was a handloom weaver
  • Lived originally in a one room house
  • Emigrated to the US in 1845

3
(No Transcript)
4
Bobbin Boy!
  • Andrew arrived in Alleghany Pennsylvania.
  • 1.20 a week for 72 hours.
  • Ohio Telegraph Company

5
Because its all about who you know.
  • Began as a telegraph messenger in 1849
  • 2.50 per week.
  • Impressed local businessman with his competency
    and intellect.
  • Rose through the business ranks.

6
Thomas A. Scott
  • Employed as Scotts personal assistant for 35 a
    week in 1853.
  • Scott became involved in rampant corruption
  • Helped Carnegie earn some crucial capital for
    future investments
  • Stayed part of Carnegies business life well
    afterwords.

7
Sideburns
Sideburns
8
Civil War Years
  • Increased steel production
  • Pittsburgh became center of production
  • Carnegie invested with other friends to own a
    steel rolling mill
  • After the war, Carnegie focused entirely on
    owning his steel mills
  • 42,000 in 1863

9
Expanding an Empire
  • Carnegie was a giant of industry
  • Bought steel mills at low prices
  • Used vertical integration to increase profit
  • Bought iron ore fields in Michigan

10
The Peak of Profit
  • By 1900 Carnegie was making 45 million a year.
  • Carnegie was bought out by J.P Morgan in 1901.
  • 485 million
  • Carnegie was the richest
  • man in the world.

11
Giving it all Back
  • Donated 10 million to Carnegie Teachers pension
    fund.
  • Carnegie Endowment for International Peace
  • Carnegie Corporation
  • Carnegie dies in 1919

lthttp//www.carnegieendowment.orggt
12
Legacy
  • He that cannot reason is a fool. He that will
    not is a bigot. He that dare not is a slave.
  • I resolved to stop accumulating and begin the
    infinitely more serious and difficult task of
    wise distribution.
  • Mr. Morgan buys his partners I grow my own.

13
Works Cited
  • CONTENT
  • "American Experience." PBS. PBS, Web. 16 Feb
    2010. lthttp//www.pbs.org/wgbh/amex/carnegie/gt.
  • "Andrew Carnegie." Spartacus. Spartacus, Web. 16
    Feb 2010. lthttp//www.spartacus.schoolnet.co.uk/US
    Acarnegie.htmgt.
  • "Foundation History." Carnegie Corporation of New
    York. Carnegie Corporation, Web. 17 Feb 2010.
    lthttp//carnegie.orggt.
  • PICTURES
  • "Andrew Carnegie." Wikimedia. Wikipedia, Web. 16
    Feb 2010. http//upload.wikimedia.org/wikipedia/co
    mmons/9/95/Andrew
  • "Dismal Scientist." Datapoints. Datapoints, Web.
    17 Feb 2010. lthttp//www.economy.com/dismal/blog/b
    log_main.asp?tab1edition4m9y2008gt.
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