Andrew Carnegie was one of the men to build America. His huge steel company led him to be one of the greatest and richest businessmen in the country. He started out in a poor family and learned from the beginning how to work hard and make money. He formed a monopoly by buying up other steel company's and forming the biggest, Carnegie Steel.
Why Carnegie was a Captain of Industry
1. Carnegie used vertical integration by controlling all of the steps along the way to make steel. This meant he did not have to pay anyone else to give him the materials he needed which was a very smart move. He was able to constantly lower prices and production costs
2. Even though Carnegie did make a lot of money from his company he created a Gospel of Wealth to decide in which ways to use his money. The Gospel of Wealth stated these two things, he should use his money to help the poor and improve society. Some places that Carnegie donated his money to was Princeton University, Carnegie Institution, and TIAA. In total he gave 350,695,653 to different organizations.
3. Andrew Carnegie also made sure that he owned many mills and facilities so he had exposure to many different places around the country. By having mills all around the country he was the main supplier of steel and didn't have to worry about other company's.