https://padlet.com/sclaytonluce/h3c65iakfo17 en-us 2017-01-02 02:46:56 UTC 2017-01-02 03:36:23 UTC hello@padlet.com sclaytonluce https://padlet.com/sclaytonluce/h3c65iakfo17/wish/144949058 Andrew Carnegie was born in Scotland and moved to the United States when he was thirteen where he would later own the biggest steel industry in the world. He began working in Pennsylvania in a textile factory earning $1.20 a week. He then worked as a telegraph operator and moved up to working with Thomas Scott which is the man Carnegie would learn business and the railroad industry from.  Andrew Carnegie made investments in oil and other companies that gave him significant returns. Over time, he grew in the steel industry and started his own company. He eventually developed steel plants around the U.S. and controlled his industry in every aspect from mining the iron to selling the final product. ]]> 2017-01-02 02:49:56 UTC https://padlet.com/sclaytonluce/h3c65iakfo17/wish/144949058 sclaytonluce https://padlet.com/sclaytonluce/h3c65iakfo17/wish/144949063 The Carnegie Steel Company was the biggest steel empire in the world. His company helped the railroad industry tremendously by providing affordable steel and caused many industrial improvements and economic improvements. Because he was providing affordable steel, skyscrapers and bridges were also ab;e to be built. In an effort to save money to cut out the middle men, Andrew Carnegie integrated his business vertically so that he controlled all aspects of it start to finish. ]]> 2017-01-02 02:50:26 UTC https://padlet.com/sclaytonluce/h3c65iakfo17/wish/144949063 sclaytonluce https://padlet.com/sclaytonluce/h3c65iakfo17/wish/144949066 Andrew Carnegie was making 25 million dollars a year by 1900 from his steel company. The year of 1900, he sold his business to JP Morgan for 400 million dollars.  ]]> 2017-01-02 02:50:31 UTC https://padlet.com/sclaytonluce/h3c65iakfo17/wish/144949066 sclaytonluce https://padlet.com/sclaytonluce/h3c65iakfo17/wish/144949069 Carnegie believed it was a responsibility of wealthy people to do good with their money which become known as the "Gospel of Wealth". With his huge fortune, he later donated a total of 350 million dollars towards schools (established the Carnegie Institute of Technology, now known as Carnegie-Mellon), libraries (5 million to the New York Public Library), pension plans (Carnegie Foundation) and other good causes like forming the Carnegie Endowment for International Peace. ]]> 2017-01-02 02:50:40 UTC https://padlet.com/sclaytonluce/h3c65iakfo17/wish/144949069 sclaytonluce https://padlet.com/sclaytonluce/h3c65iakfo17/wish/144949076 http://www.biography.com/people/andrew-carnegie-9238756

http://www.pbs.org/wgbh/amex/carnegie/

The American Pageant Textbook]]> 2017-01-02 02:51:28 UTC https://padlet.com/sclaytonluce/h3c65iakfo17/wish/144949076