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The Sultan of Steel
13

Andrew Carnegie

Dec 30, 2015

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Justine Chen

Andrew Carnegie. The Sultan of Steel. From Humble Origins. Born in Dunfermline , Scotland November 25, 1838 Father was a handloom weaver Lived originally in a one room house Emigrated to the US in 1845. Bobbin Boy!. Andrew arrived in Alleghany Pennsylvania. $1.20 a week for 72 hours. - PowerPoint PPT Presentation
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Page 1: Andrew Carnegie

The Sultan of Steel

Page 2: Andrew Carnegie

Born in Dunfermline, Scotland November 25, 1838 Father was a handloom weaver Lived originally in a one room

house Emigrated to the US in 1845

Page 3: Andrew Carnegie
Page 4: Andrew Carnegie

Andrew arrived in Alleghany Pennsylvania.

$1.20 a week for 72 hours. Ohio Telegraph Company

Page 5: Andrew Carnegie

Began as a telegraph messenger in 1849

$2.50 per week. Impressed local businessman with his

competency and intellect. Rose through the business ranks.

Page 6: Andrew Carnegie

Employed as Scotts personal assistant for $35 a week in 1853.

Scott became involved in rampant corruption

Helped Carnegie earn some crucial capital for future investments

Stayed part of Carnegie’s business life well afterwords.

Page 7: Andrew Carnegie

Sideburns

Sideburns

Page 8: Andrew Carnegie

Increased steel production Pittsburgh became center of

production Carnegie invested with other friends

to own a steel rolling mill After the war, Carnegie focused

entirely on owning his steel mills $42,000 in 1863

Page 9: Andrew Carnegie

Carnegie was a giant of industry Bought steel mills at low prices Used vertical integration to increase

profit Bought iron ore fields in Michigan

Page 10: Andrew Carnegie

By 1900 Carnegie was making 45 million a year.

Carnegie was bought out by J.P Morgan in 1901.

$485 million Carnegie was the richest man in the world.

Page 11: Andrew Carnegie

Donated $10 million to Carnegie Teacher’s pension fund.

Carnegie Endowment for International Peace

Carnegie Corporation Carnegie dies in 1919

<http://www.carnegieendowment.org>

Page 12: Andrew Carnegie

Legacy “ He that cannot reason is a fool. He

that will not is a bigot. He that dare not is a slave.”

“I resolved to stop accumulating and begin the infinitely more serious and difficult task of wise distribution.”

“Mr. Morgan buys his partners; I grow my own.”

Page 13: Andrew Carnegie

Works CitedWorks Cited CONTENT "American Experience." PBS. PBS, Web. 16 Feb 2010.

<http://www.pbs.org/wgbh/amex/carnegie/>. "Andrew Carnegie." Spartacus. Spartacus, Web. 16 Feb 2010.

<http://www.spartacus.schoolnet.co.uk/USAcarnegie.htm>. "Foundation History." Carnegie Corporation of New York. Carnegie

Corporation, Web. 17 Feb 2010. <http://carnegie.org>. PICTURES "Andrew Carnegie." Wikimedia. Wikipedia, Web. 16 Feb 2010.

http://upload.wikimedia.org/wikipedia/commons/9/95/Andrew "Dismal Scientist." Datapoints. Datapoints, Web. 17 Feb 2010.

<http://www.economy.com/dismal/blog/blog_main.asp?tab=1&edition=4&m=9&y=2008>.