Andrew Carnegie: Most Wealthiest Business Men Of America

The entrepreneur that best embodies the entrepreneurial spirit in America during the Gilded Age is Andrew Carnegie. Andrew Carnegie was the leader of the steel industry during the Gilded Age, officially forming Carnegie Steel Company in 1892. He was a high-risk, high-reward businessman, who calculated his risks and executed them properly; he was prepared to put his entire career on the line to revolutionize the production of steel forever. He continued to think of ways to change the industry throughout his entire career, exemplifying his passion and ambition. On top of this, Carnegie showed great competition among his rivals; most notably with John D. Rockefeller, the owner of the oil monopoly, Standard Oil. Often times, Carnegie would simply

Andrew Carnegie earned millions in America's steel industry and he made great contributions to social causes such as public libraries, education and international peace. He believed very strongly in the value of education. One of the first donations that he made was a very generous donation of $10 million to begin a pension for teachers, and $125 million more for the development of education. He also remembered that there was a very generous man who had allowed him to access his library as a child. So he pledged money to build a library to any town in the United States that would supply the land and was willing to upkeep the building. He founded an organization for scientific research and supplied the funds for the world court to be built in

Andrew Carnegie was a man of business. Born in Dunfermline, Scottland on November 25, 1835, Carnegie emigrated to America with his family when the weaving business was unable to support them (Livesay, 8). Once in America, Carnegie started his first job as a bobbin boy in a Blackstock Cotton Mill (Livesay, 18). From there, he ascended to the top of the business world overcoming obstacles to become the richest man. Andrew Carnegie's story is a testimony that, in the late nineteenth century, he lived the American Dream through his ability to make connections and network. For other immigrants, this would have been harder due to obstacles put in place by men like Carnegie.

Andrew Carnegie was well known for being in the steel industry and a philanthropist in the late nineteenth century.Andrew Carnegie was born on November 25,1835 and died on August 11,1919 at the age of eighty three.Him and his family came to the United States from Dunfermline when he was only thirteen years old,after his family was in poverty.Andrew had grown up in a family that believes in books and learning and because of this he is an avid reader. His father passed away in 1885 which made Andrew more determine to work to support his family.Before Andrew was successful, he had worked many jobs such as working in factory and working as a telegraph operator.Andrew had made money by making investments in steel mills.He was a scottish immigrant

He ended up being one of the richest men to walk our great nation, he was a philanthropic type of man who gave away a vast fortune of $350 million and built 2,509 libraries for the use of his fellow man.

When Junius Morgan died in 1890, J.P. became head of the London house. Pierpont now was able to control all the dealing between the New York based firm and their oversees partner. Anthony Drexel also died in 1893, and Morgan reorganized the Morgan and Drexel firms two years later. The New York based Drexel Morgan became J. P Morgan & Co. Drexel, Harjes & Company was Drexel's prominent Paris-based invest banking business. Morgan's new French connection was renamed Morgan, Harjes & Co. Pierpont was now at the head of houses in New York, Philadelphia, London and Paris. He was the commanding figure in international finance.

“Andrew Carnegie was born on November 25th, 1835 in Dunfermline, Scotland.”( Even though he had little formal education, Carnegie grew up in a family that believed in the importance of books and learning. The son of a handloom weaver, Andrew Carnegie ended up being one of the wealthiest businessmen in America.

Andrew Carnegie was a successful steel company owner. Andrew’s mentor Thomas Scott helped to establish his career. The need for steel in construction of his first building project ties him closely to the steel industry. He built and bought many steel mill and steel related companies. He sold his steel company for a great profit

On November 25, 1835, in Dunfermline Scotland a man later to be known as one of the “builders” of America, and one of the wealthiest men in the world was born; Andrew Carnegie. Andrew Carnegie was born and raised in a family that had mainly focused on education. In 1848, Carnegie and his family had come to the United States where they had lived in Allegheny, Pennsylvania. Years later, he had been introduced to the railroad industry where he worked among the industries top officials and had been educated on the railroad/steel industry and business. While working, Carnegie had decided to get involved in the stock market where he had made investments in companies involving oil and steel, later using his profits to found what would be known

He was one of the biggest catalysts that propelled the United States into the great country it is today.

Unfortunately, the application was rejected. He challenged the biggest car company in America to a race and raced himself against the best car driver in America, which might give him the boost he needed to start his own company. His win against the fastest man in America made him famous consequently Ford Raise 28.000$ (700.000 in today's money). Enough to build his first factory and started selling cars, therefore he got hit by a lawsuit by the association of licensed automobile manufacturers for breaching the patent. Surprisingly he won. Later he invented the supply line which made it possible for him to finish work 4 times faster than his rivals. He used his invention to create an 8 hour working day for his employees which made him an American hero. Mean while J.P. Morgan used his power to act as a middle man for the government. He raised 40 million (7 billion today) for the construction of the Panama Canal. The Panama Canal was the biggest construction project of the 19th century, it was 51 miles from the Atlantic to the Pacific. Two years after the breakup of standard oil J.P. Morgan died. Noe Carnegie and Rockefeller did not compete for who could make the most

in finance as an accountant until he joined a partner in Drexel, Morgan and Company in

Starting out as an apprentice, first to his father, then to his brother, he rose to prosperity as a shrewd entrepreneur, cornering the printing market. He established numerous philosophical institutions, many that still stand today, such as what would later become the University of Pennsylvania. He was also an inventor and a scientist, bringing into existence items such as the ‘Franklin Stove’ and Bifocals, and most important discovering the laws of electricity and taming the lightning bolt. Embodying the “self-made man”, he established what it was to live the American Dream invigorating our culture with a firm drive to do more and a spirit of accomplishment. He was also a successful diplomat and politician, spending years of his life away from his family, first in England and then in France. In France he become an icon, beloved by the crowds and the nobility alike, and it was his charisma that was able to successfully negotiate at first arms deals, and later outright military support with the French. After winning the war, he was again called upon to lead the nation acting as a mediator for the negotiations of what would become the constitution and a voice to reach out to the public through. One of the, if not the most famous man on two continents his influence in world events could be placed among the greatest and most

The earliest known predecessor known to JPMorgan Chase is in 1799 when it was chartered in New York City. In 1784 Alexander Hamilton created the first National Bank. Then in 1799 Hamilton’s rival Aaron Burr a U.S senator and future vice president founded the Bank of Manhattan Co. Over the years starting in 1991 many big companies started to merge together creating giant corporations. In 1991 Manufacturers Hanover Corp. merged with Chemical Banking Corp. From then until 2000 many other companies were to merge and in 2000 J.P. Morgan & Co. Incorporated merged with The Chase Manhattan Corp combining four of the largest and oldest money center banking institutions in New York City.

In the year 1982 he joined the NorthWest Corporation the erstwhile Wells Fargo in the department for administering loans to the customers. He then worked hard and became the chief credit officer and later senior vice president of the bank. He was given different management role in the Northwest bank of Minneapolis and Northwest Bank of Minnesota. In the year 1989 he joined the Northwest bank of Arizona and thereafter he became the regional president for this bank. This means he was overlooking all the Northwest banks of Colorado and Arizona. From the year 1991 to 1994 he worked with Northwest Bank Texas as the regional president. In that tenure he was part of the 30 acquisitions of the banks amounting to more than thirteen billion dollars in assets.