1 / 13

Andrew Carnegie

Andrew Carnegie. The Sultan of Steel. 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. Bobbin Boy!. Andrew arrived in Alleghany Pennsylvania. $1.20 a week for 72 hours.

justine-chen
Download Presentation

Andrew Carnegie

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  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. Bobbin Boy! Andrew arrived in Alleghany Pennsylvania. $1.20 a week for 72 hours. Ohio Telegraph Company

  4. Because it’s 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.

  5. 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 Carnegie’s business life well afterwords.

  6. Sideburns Sideburns

  7. 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

  8. 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

  9. 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.

  10. Giving it all Back <http://www.carnegieendowment.org> Donated $10 million to Carnegie Teacher’s pension fund. Carnegie Endowment for International Peace Carnegie Corporation Carnegie dies in 1919

  11. 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.”

  12. Works Cited CONTENT "American Experience." PBS. PBS, Web. 16 Feb 2010. <http://www.pbs.org/wgbh/amex/carnegie/>. "Andrew Carnegie." Spartacus. Spartacus, Web. 16 Feb 2010. <http://www.spartacus.schoolnet.co.uk/USAcarnegie.htm>. "Foundation History." Carnegie Corporation of New York. Carnegie Corporation, Web. 17 Feb 2010. <http://carnegie.org>. PICTURES "Andrew Carnegie." Wikimedia. Wikipedia, Web. 16 Feb 2010. http://upload.wikimedia.org/wikipedia/commons/9/95/Andrew "Dismal Scientist." Datapoints. Datapoints, Web. 17 Feb 2010. <http://www.economy.com/dismal/blog/blog_main.asp?tab=1&edition=4&m=9&y=2008>.

More Related