Andrew Carnegie

A man of Scotland, a distinguished citizen of the United States, and a philanthropist devoted to the betterment of the planet about him, Andrew Carnegie became famous at the turn of the twentieth century and became a real life rags to riches story.

Born in Dunfermline, Scotland, on November 25, 1835, Andrew Carnegie entered the globe in poverty. The son of a hand weaver, Carnegie received his only formal education in the course of the short time involving his birth and his move to the United States. When steam machinery for weaving came into use, Carnegie’s father sold his looms and household goods, sailing to America with his wife and two sons. At this time, Andrew was twelve, and his brother, Thomas, was 5. Arriving into New York on August 14, 1848, aboard the Wiscasset from Glasgow, the Carnegies wasted small time settling in Allegheny City, Pennsylvania, a suburb of Pittsburgh, exactly where relatives currently existed and had been there to provide support. Allegheny City offered Carnegie’s first job, as a bobbin boy in a cotton factory, working for $1.20 a week. His father also worked there although his mother bound footwear at residence, generating a miniscule amount of dollars. While the Carnegies lacked in income, they abounded in ideals and education for their young children. At age 15, Carnegie became a telegraph messenger boy in Pittsburgh. He discovered to send and decipher telegraphic messages and became a telegraph operator at the age of 17. Carnegie’s next job was as a railroad clerk, working for the Pennsylvania Railroad. He worked his way up the ladder, by way of his dedication and honest need to succeed, to turn into train dispatcher and then division manager. At this time, young Carnegie, age 24, had already made some compact investments that laid the foundations of his what would be tremendous fortune. One of these investments was the obtain of stock in the Woodruff Sleeping Car or truck Company.

In 1864, Carnegie entered the iron business, but did not begin to make steel until years later. In 1873, he built the Edgar Thomson performs in Braddock, Pennsylvania, to make Bessemer steel. He established numerous other steel plants, and in 1892, he merged all of his interests into the Carnegie Steel Enterprise. This act from Carnegie is fitting with 1 of his most popular quotations, “Put all of your eggs in one particular basket, and then watch that basket.” This firm became one of the greatest industrial enterprises in…

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