https://padlet.com/18eesimpson/hstsphnz5eoa Andrew Carnegie- Steel Tycoon en-us 2016-12-17 20:05:37 UTC 2016-12-20 21:06:59 UTC hello@padlet.com https://padlet-assets.s3.amazonaws.com/icons/Lightdecrease.png 18eesimpson https://padlet.com/18eesimpson/hstsphnz5eoa/wish/144187925 In 1835, "one of the captains of industry in the 19th century" was born in  Dunfermline, Scotland. His family moved to America in 1848, so they could have a better chance of survival (they were living in poverty in Scotland). Andrew worked in the same cotton factory as his father then he became a messenger boy for a telegraph company. He then found a job at the Pennsylvania Railroad Company. This job started off his career in industry. Because the Civil War "fueled the iron industry" Andrew resigned form his job at the Pennsylvania RR company. At the age of 35 Andrew embraced the Bessemer Process, throwing his own money into the equation to help keep the plant up and running, therefore creating his own steel business. (http://www.pbs.org/wgbh/amex/carnegie/peopleevents/pande01.html) ]]> 2016-12-17 20:11:55 UTC https://padlet.com/18eesimpson/hstsphnz5eoa/wish/144187925 18eesimpson https://padlet.com/18eesimpson/hstsphnz5eoa/wish/144190686 Steel companies used the Bessemer process to mass produce steel at a lower cost. The companies took iron ore and turned it into steel. As technology advanced so did the steel industry. In the last half of the 19th century, these advances in technology created "modern economies  dependent on rails, automobiles, girders, bridges, and a variety of other steel products." (http://www.infoplease.com/encyclopedia/business/steel-industry.html)]]> 2016-12-17 21:13:37 UTC https://padlet.com/18eesimpson/hstsphnz5eoa/wish/144190686 18eesimpson https://padlet.com/18eesimpson/hstsphnz5eoa/wish/144191280 He made many wise investments that brought in "substantial returns," especially oil. Within the next 10 years he had his own profitable steel company, Carnegie Steel Company, that led to Andrew having plants all over the country. Both of these things brought Carnegie immense amounts of money. (http://www.biography.com/people/andrew-carnegie-9238756)]]> 2016-12-17 21:31:01 UTC https://padlet.com/18eesimpson/hstsphnz5eoa/wish/144191280 18eesimpson https://padlet.com/18eesimpson/hstsphnz5eoa/wish/144531453 Andrew Carnegie "founded the the Carnegie Institution to fund scientific research and established a pension fund for teachers with a $10 million donation. "He gave money to towns and cities to build more than 2,000 public libraries." The Carnegie Corporation, which aided colleges and other schools, received $125 million from Andrew Carnegie. (http://www.americaslibrary.gov/aa/carnegie/aa_carnegie_phil_1.html)]]> 2016-12-20 20:57:40 UTC https://padlet.com/18eesimpson/hstsphnz5eoa/wish/144531453