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Impact of Carnegie's Views (Coursework Sample)


the paper talks about Andrew Carnegie , A Scottish-born American industrialist who led the enormous expansion of the American steel industry in the late 19th century. IT FOUCES ON His most significant contribution, both in money and enduring influence, was the establishment of several trusts or institutions.


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Carnegie's Views Impact
Andrew Carnegie (1835-1919) was a well-known businessman and philanthropist who significantly impacted the world. After making millions of dollars from his forays into the American steel industry, he dedicated the rest of his life to contributing to social causes, including public libraries, education, and world peace. Through his generous donations of thousands of millions of dollars to charitable causes, Andrew Carnegie popularized the concept of philanthropy (Carnegie,.240-255). His steel mills were instrumental in becoming the United States world's most powerful industrial nation. Utilization of monetary resources for the benefit of society as a whole the illustrious. Technically, to prove how much he believed in the concept, he donated almost all of his retirement funds to charity. As a result of his work, people's homes and businesses now have light and electricity. Among Carnegie's criticisms of the United States were trusts that allowed businesses to avoid competitors and the idea that the authorities should not intervene in the free market.
Carnegie's views influence on gilded age
A prominent entrepreneur and philanthropist of the Gilded Age, Andrew Carnegie (1835–1919) was the founder of the Carnegie Steel Organization and a notable philanthropist. He embodied the Gilded Age concept of the self-made man by overcoming adversity to be among the world's richest people ever. Carnegie made use of cutting-edge equipment, such as the Bessemer blast furnace, to grow his business. While increasing his firm's profitability and control over the industry, he also used "vertical integration," a strategy in which he controlled every part of the business, from iron ore mining to steel manufacture and distribution. A self-made man of the Gilded Age, he became one of the world's wealthiest people after starting out in poverty. After the war, Carnegie returned to the iron industry and made investments in the steel industry, realizing that steel rails would eventually replace iron ones.
Carnegie views influence on coal miner
Carnegie has influence the coal miner in different ways. For instance, around the time Carnegie's first steel company was founded in the early 1870s, Pittsburgh was home to the business. Over the next two decades, he built a steel empire by owning plants, raw materials, and transport systems involved in steel production, increasing revenues and eliminating inefficiencies. In "The Gospel of Wealth," Carnegie argued that immensely wealthy American people such as himself had a duty to utilize their money for the good to benefit. This means that wealthy Americans should take a more active role in philanthropy and charities to help narrow the growing wealth disparity. Andrew Carnegie's level of charity, both during his life and after, laid the groundwork fo

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