Andrew Carnegie was born in Scotland to a lower class family. Later in life, Carnegie emigrated from Scotland to the U.S. Carnegie took an interest in the steel industry and quickly created a monopoly. He created and innovated new ways to manufacture steel. Not only did he take over the steel industry but also gave back to others as a philanthropist. For all these reasons, I believe that Andrew Carnegie was a Captain of Industry.
Carnegie looked for different ways to be more efficient in creating steel. The Bessemer Process created steel in 15 minutes instead of 2 weeks and Carnegie quickly jumped on the new advancement in technology. By pioneering new processes and methods, Carnegie lowered his steel prices and forced competitors out of business.
Fast Forward to Today
Today Carnegie's foundation still donates millions to education and research not only in the U.S. but also in Africa. Also, his foundation gives money for the development for colleges, such as Columbia University and University of Baltimore.