The Father of Steel Passes Away
Natalie Quick
At only the age of 24, this young entrepreneur had discovered a way to make America a land worth steeling. Andrew Carnegie began his industrial climb in Pittsburgh, Pennsylvania. His steel factory in Pittsburgh revolutionized the process that once took ages and now only takes minutes. On August 11, 1919, he passed away. He did a lot for the steel industry of America.
He started off as an immigrant from Scotland. He left his homeland at the age of twelve, in the midst of an industrial revolution in America. Carnegie began his occupational journey as a telegrapher. He charmed Thomas A. Scott, an important official of the Pennsylvania Railroad, and became the superintendent of the Pennsylvania Railroad at the age of 24. During the depression of the seventies, while everyone was in poor economic positions, Carnegie focused all his mind and strength on making a new and easier way to manufacture steel. He hired the most knowledgeable people in steel technology and plant management, with the goal of having a monopoly in the steel industry. He used all of the coordinating and accounting techniques he had acquired from the Pennsylvania Railroad of holding low wages and salaries, keeping up with the latest and greatest in technology, and keeping his men and machines working hard in order to make his factory the best. By the time Carnegie was in his sixties, he had gained a monopoly, and had vertically integrated his companies from ore to finished products. When he sold all of his factories, he was the richest man in the world. Before his passing, he gave away a bundle of his money to foundations, charities, libraries, universities, and the building of Carnegie Hall in New York. He will always be remembered for his many contributions to America’s industries.