Carnegie A Captain of industry

Andrew Carnegie was a Captain of Industry in the steel and iron business and was one of the men that "built America."

Carnegie kept production costs lower than selling costs making income much higher than what he was paying for.

He was always aware of his money and how well his business was doing. This is very wise because businesses were very intense and if something unexpected happened, he would be prepared.

Carnegie made sure that he donated his money to education, charities, etc. He believed that his money should be put to use, not just for himself.

He was a master of vertical integration. Vertical Integration is the control of processing raw materials to finished products that can be manufactured and sold.

"He made many wise choices and found that his investments, especially those in oil, brought in substantial returns" ("Andrew Carnegie Biography")

Carnegie was important figure in his time and has affected our lives, too.

To this day, we still recognize Carnegie as a huge influence in our daily lives.

Steel is very important to us. We need it for train transportation. America would not be as evolved as we are today without trains. We also use steel for structures and buildings.

Many people visit the Carnegie Hall today to watch performances. Carnegie is still a major historical figure to us today.

Andrew Carnegie donated $250,000 to his library. The Carnegie Library is still used today. It is located in Pittsburgh and is used by the public daily.


Created with images by cliff1066™ - "Andrew Carnegie"

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