ANDREW CARNEGIE

LIFE OF ANDREW CARNEGIE

• Birth - November 25,1835
• Death - August 11, 1919

BEGINNINGS

• From Scotland to America
• Working by the age of 13

INTRODUCTION OF STEEL

• Superintendent of Pennsylvania RR
• Invested in iron
• Entered steel business 1870's

REVOLUTION IN PRODUCTION

• Bessemer process
• Cheaper to make
• Iron was more pure

THE FACTORIES

• Strict working conditions
• Homestead strike

VERTICAL COMBINATION

• First used by Gustavus Swift
• Own every step of production

COMPETITION AND CONSUMERS

• Drove out most competition
• Benefitted consumers
• Construction boomed

PHILANTHROPY

• Donated $350,695,654
• Gospel of wealth

ADDITIONAL FACTS AND QUOTES

• Payed off his draft in civil war
• "The man who dies rich, dies disgraced.”

WORKS CITED

• "Andrew Carnegie." History.com. A&E Television Networks, n.d. Web. 20 Jan. 2014.
• "The New Tycoons: Andrew Carnegie." Ushistory.org. Independence Hall Association, n.d. Web. 20 Jan. 2014.
• "The Steel Business." PBS. PBS, n.d. Web. 19 Jan. 2014.