1. Carnegie is a Captain of Industry because he drove his competitors out of business by increasing his selling prices at the mills, and at the same time lowed production costs by using vertical integration. In a matter of 3 years, from 1875 to 1877, he had dropped his production costs by around $15.
2. Andrew Carnegie can also be considered a Captain of Industry, because he paid his workers more money then the daily average wage of workers in other jobs. At the time workers were making an average of $1.46 in all industries and he was paying his workers $1.81 which is 35 cents above the average.
3. By giving away money towards charity, Carnegie proved that he was a true Captain of Industry. Carnegie gave away thousands towards various charities that he supported and also gave away libraries.
Let's Jump to the Modern Day to learn about a current Robber Baron Heather Bresch, CEO of EpiPen