Andrew Carnegie: One of the Pioneers of the Big Business

voluminous Business Report University of Phoenix Ursula Murgado presentation One of the pioneers of the Big Business I chose to research is Andrew Carnegie. In this paper I will include how was his trading and how did Mr. Carnegie started his vexation. I will withal talk intimately how his occupation grew to the level it did. The good and self-aggrandising onuss of the business in the nineteenth blow, How Mr. Carnegie business affected society today, what were the pros and cons of this business, if this cons and pros all the same exist. Andrew Carnegie was an industrialist and philanthropist.Andrew Carnegie was born in November 25, 1835 in Dunfermline, Scotland. He was the son of a handloom weaver. Andrews Carnegie parents patch up to move to North the States in 1848 because of the conditions that they were living. Andrews father settled his family in Allegheny, dada. Carnegie starting pop offing at an archean age in a factory getting pay $1. 20 a week. Then at the fol lowing course of instruction he found a concern as a telegraph messenger. By the year 1851 Carnegie became a telegraph instrument because of his efforts to get ahead in life.After twain long time working as a telegraph messenger Carnegie decides to work at the Pennsylvania Railroad, he was the assistant and telegraphist of Thomas Scott, one of the railroads main officials. This job help Carnegie to reckon about the railroad industry and also in business. After three historic period he was promoted to superintendent. Carnegie business was the firebrand telephoner but he started his investment out front he open his own steel company. He started investing in the years 1863 or 1864 and during the contend years too. His earnings were very high.First, his share of he woodruff Sleeping Car Company , he also invested in the Western confederation Telegraph Company, The Iron City Forge, The capital of South Carolina Oil Company and the Third home(a) Bank of Pittsburgh. He also m ake other investments, that helped him own shares in more than than twelve different companies. He was making or so $39,000 in investments plus his stipend of $2400 dollars a year. He left the Pennsylvania Railroad before the Civil war started. His determination in investing during hooligan times help him grow his business to the level it did.Carnegie business in his stigma Industry help him revolutionize the employment of steel in the get together States. Carnegie was suitable to construct many steel plants around the United States with the a technology that do the manufacture of steel faster, easier and more productive. Carnegie own everything he needed in grade to become the King of marque. near of the negative beliefs of big business in the 19th century was the automatic teller machine and working conditions of the workers at the time repeatedly change. applied science is another negative effect because the products were not being complete do by an individual.Imm igration was another effect. The affirmative effect was that more money for this country. A positive effect that Carnegies business had on society were his donations to build libraries in the United States and in other English disquisition countries. Carnegie funded about 3,000 libraries in 47 US states and other countries. In 1901 he gave deuce million dollars to create the Carnegie Institute of Technology in Pittsburg and the following year he donated the same amount to Washington D. C to found the Carnegie Institution. In my opinion Carnegie did a lot positive things for society.He was able to meet the American dream, as we know he was an Scotland immigrant. One of the negative things was the Homestead molar strike because it broke his reputation as a friend of the workers. The pros of the big business in the 19th century were the benefits that industrialization gave to the people, like how the life of Americans improve and how their salary climbed. The cons was that everyt hing comes with a price. The fact the workers bargain for transgress wages and better conditions at work was one of them. In my opinion these pros and cons do still exist in more or less way at this time. Maybe not at the extent of the 19th century but they still exist .References Kent, Zachary. Andrew Carnegie, Steel King and Friend to Libraries, Historical America Biographies, 1999. Davidson-Gienapp-Heyrman-Lytle-Stoff, Nation of Nations A Concise memorial of the American Republic, Fourth Edition IV. world(prenominal) Essay The United States in an industrial Age19. The New Industrial Order (1870? 1900) The McGraw-Hill Companies, 2005. American Experience, The Richest Man in the World Andrew Carnegie. The require and more. http//www. pbs. org/wgbh/amex/carnegie/peopleevents/index. html