Presentation on theme: "Andrew Carnegie was born in Dunfermline, Scotland, in a typical weaver's cottage with only one main room. It served as a living room, dining room and."— Presentation transcript:
Andrew Carnegie was born in Dunfermline, Scotland, in a typical weaver's cottage with only one main room. It served as a living room, dining room and bedroom. He was named after his paternal grandfather. Shortly, he was poor, very poor… With the country in starvation, William Carnegie decided to move with his family to Allegheny, Pennsylvania in the United States in 1848 for the prospect of a better life. Andrew's family had to borrow money in order to migrate. Allegheny was a very poor area. His first job at age 13 in 1848 was as a bobbin boy, changing spools of thread in a cotton mill 12 hours a day, 6 days a week. His starting wage was $1.20 per week. His Parents worked to, but it was not more successfully.
At age 18 he became a rapid advancement through the company, becoming the superintendent of the Pittsburgh Division. His employment by the Pennsylvania Railroad Company would be vital to his later success. In 1855 he started making some investments that help him to make some capital… During the civil war he invested in oil and iron and made his first million dollars… After the war, Carnegie left the railroads to devote all his energies to the ironworks trade… Carnegie believed in using his fortune for others and doing more than making money.
Carnegie made his fortune in the steel industry, controlling the most extensive integrated iron and steel operations ever owned by an individual in the United States. His great innovation was in the cheap and efficient mass production of steel rails for railroad lines.
He gave millions for education. For example: in 1918 he created the Carnegie Foundation for the Advancement of Teaching. In France Carnegie’s donations allows the creation of the library of « Reims ». Carnegie personally offered $20 million USD to the Philippines so that the Philippines people could buy their independence from the United States. However, nothing came of this gesture and the Philippine-American War ensued.
Thought he became rich there are other facts that made him famous, like the fact that he helped people like the Philippians to live peacefully without war by giving them money to let them buy their independence from the U.S.A. And also he gave birth to the “American dream”; which let the other important persons like Henry Ford to believe in themselves and in their dream, through his perseverance, his hard work, his intelligence and his talent in making money.