Andrew Carnegie
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...Andrew Carnegie’s Techniques That Reshaped the Iron and Steel Industry There are three major defining factors in the iron and steel industry where profits margins are low: the size of the company, the cost of labor, and the nature of suppliers. It is for this reason why the current iron and steel industry is an industry that is characterized by big businesses and brand names. There is rarely any space for small businesses, partly because of the large capital outlay required and the small profits that may only be appreciated by industry giants. Andrew Carnegie, once reputed to be richest man on Earth, by a succession of mergers and acquisitions, cost minimizing measures... . This is where a...
Andrew Carnegie
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...Andrew Carnegie and His Impact on American History Personal Profile Andrew Carnegie’s remarkable lifebegun on the 25th of November in the year 1835, specifically at the attic of their one story house located at Moodie Street and Priory Lane, Dunfermline, Scotland (Carnegie, 6). The challenges and accomplishments attributed to Carnegie make him one of the most revered and famous Americans of his time due to his innate unselfish character that touched the lives of many Americans who were recipient of his philosophy: “helping others help themselves” (American Experience, par. 17). The essay hereby aims to present a full story of Andrew Carnegie and his impact on American history. Initially... The Life of...
Andrew Carnegie: egoist, an altruist, or both?
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...Andrew Carnegie: egoist, an altruist, or both? of Andrew Carnegie: egoist, an altruist,or both? This paper aims to study the theories of egoist and altruism in the context of philanthropy from the case of Andrew Carnegie who is known as the richest man of the history. Introduction to Theories It should be noted that theory of altruism states that a person practice devotion for the welfare of others. Altruism has remained a virtue in the custom beliefs of many communities in past and at present. In its contradiction, egoist theory explains characteristics of a person who separates himself from sharing any property or mindset with others simply because of personal gratification. Looking... ...
Henry George and Andrew Carnegie
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...Andrew Carnegie Henry George was born in Philadelphia on September 2, 1839. He is known to be a very famous political economist whose theories are still well accepted all over the world. He started as a common man but later turned out to successfully write on his theories to help people understand his views on wealth and equality (Henry & Wenzer XIII). Andrew Carnegie was born on November 25, 1835 in Dunfermline, Scotland. Carnegie started from the scratch as a worker to reach a very high position of owning a steel mill in the United States of America. He personally had his own theories regarding wealth and equality too which he later on made public in his book (Edge 11, 82... that “we must...
Andrew Carnegie (U.S. Steel originally Carnegie Steel )
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...Andrew Carnegie (US Steel- Originally Carnegie Steel Company) of the Management of the Concerned April 9, Andrew Carnegie (US Steel- Originally Carnegie Steel Company) There is no denying the fact that the unique management style of Andrew Carnegie was pivotal in the success of the US Steel. As in the initial stages of his career Andrew Carnegie worked for the Pennsylvania Railroad, the management acumen of Carnegie stood in identifying the fact that the future locomotive, rail and bridge manufacturing...
Was Andrew Carnegie a good man?
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...Andrew Carnegie a Good Man? Andrew Carnegie was a shrewd businessman but this didnt make him a bad man. When reviewing his life, we have to understand that to be successful in business; an individual must make many decisions that may not be favorable to all people. Carnegie was a smart business man from the very beginning and understands the bigger picture. He concentrated mostly on this larger picture and allowed people in his hire to take care of the smaller details. To know whether a man is good or not it is important to look at his heart ad how he interacts in the world. Carnegie was...
The influence of business tycoons such as Andrew Carnegie, John D. Rockefeller, Jay Gould, and J.P. Morgan on modern history, Economy, and American lifestyle.
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...Andrew Carnegie Andrew Carnegie supported Booker T Washington by giving money to an institute called Tuskegee, which was founded by Washington. American history celebrates the live of Carnegie, which transformed from a person who never owned a dime to a person who lead financial empires of great power. Currently, the individuals in American still remember Carnegie and the way he influenced the lives of Americans and the economy of the country. The kind of corporate that he was dealing with is the steel industry. He started the industry in the year 1865 and when he died, he was a multimillionaire like the other tycoons. Before becoming rich, he... Task: The influence of business tycoons Introduction The ...
How did social reformers such as Edward Bellamy, Henry George, and the Knights of Labor conceive of liberty and freedom differently than the proponents of the liberty of contract and laisse faire like Herbert Spencer and Andrew Carnegie? Which of these g
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...Andrew Carnegie? Which of these groups was successful in imposing their vision on the larger society in the years before the turn of the century? Why? Introduction Liberty and freedom was conceived differently by the social reformers and the proponents of the liberty of contract and laissez-faire. The difference actually emanated in the manner in which the two groups interpreted the suitability of the operation of the economy. While the economy can operate on the basis... of capitalism where individualism and private property are the basis of creating wealth, it can also operate on the basis of collectivity, where communism and pooling of the labor and output together forms the basis of...
Andrew Carnegie's life
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...Andrew Carnegie’s Life Introduction Andrew Carnegie is presently the second richest man in the world after John D. Rockefeller. His migration from Scotland to the United States was perhaps a great turning point in his life. The world of the American Dreams accommodated him but for that, he had to work very hard. He was not born with a silver spoon in his mouth and so, he had to begin his career as a petty factory worker in a bobbin factory. He was then employed as a bill-logger for the same company. He for sometime also worked as a messenger boy. Carnegie then moved to a telegraph company. In...
Horizontal integration of industry in late 19C. Compare and contrast Old & New school business historian's approach to explanin Carnegie & Rockefeller
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...Andrew Carnegie was another prominent individual examined by the old school and new school perspectives on industrialization. Similar to old school perspectives on Rockefeller, old school perspectives divide Carnegie’s horizontal integration through his Carnegie Steel Company along critical progressive lines and that heralded... Horizontal Integration of Industry in the Late 19th Century The 19th century was a seminal period of industrial growth in Western society. The late 19th century in the United States experienced the widespread institution of factories and mechanical production. With the emergence and rise of big business there also emerged a growing vertical and horizontal integration of large...
Cost Accounting. A managerial emphasis
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...Andrew Carnegie installed weigh scales at all points in his mills to see whether material was saved or not. Rather than checking quality after the products have been produced, Edward Deming's ideas of Total Quality Management propounded a cease in dependence on mass inspections-quality must be designed and built into the processes, preventing defects rather than attempting to detect and fix them after they have occurred. Also, whereas Andrew Carnegie compared every man in a particular job with all other men in that job, Edward... Q9. In general, an outlet selling only hamburgers would have higher overhead costs. This is because fixed costs are costs which do not change with changes in level of activity ...
The Plutocrats
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...Andrew Carnegie was born on 25th November, 1835 in Dunfermline, Scotland to a handloom weaver... The Plutocrats To talk about plutocrats, it is important to first define what a plutocrat is. Plutocrat has more than one meaning, it could be the government by the wealthy, or a wealthy class that controls a government or even a government or state in which the wealthy rule (Online Dictionary). It simply translates to someone who exercises power by virtue of their wealth. Born on the 17th April, 1837 in Hartford, John Pierpont Morgan a.k.a JP Morgan was the son of a successful financier. His claim to success was that he became a dominant power in American corporate finance and industrial consolidation. He w...
The era of the plutocrats
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...Andrew Carnegie was born on November 25th, 1835, in Dunfermline, Scotland to a handloom weaver. The Carnegie family had to immigrate to the United... The Plutocrats To talk about plutocrats, it is important to first define what a plutocrat is. Plutocrat has more than one meaning. It could be a wealthy class that controls a government or even a government or state in which the wealthy rule (“Plutocrats”). It simply translates to someone who exercises power by virtue of their wealth. Born on the April 17th, 1837, in Hartford, John Pierpont Morgan, aka JP Morgan, was the son of a successful financier. His claim to success was that he became a dominant power in American corporate finance and industrial...
The Rise of Big Business in America
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...Andrew Carnegie, John D. Rockefeller, and a litany of other entrepreneurial geniuses were utilizing exploitative tactics against their own employees and relentlessly destroying competition. Without such practices and general approaches to the business world, it is doubtful that any of these aforementioned industrialists would have been able to make name for themselves; not to mention amass the unimaginable fortunes... ?The Rise of Big Business in America Whereas the early growth of industry in the United s is oftentimes looked back upon with a feeling of warmth and/or a rose tinted view of the way in which business took place, the fact of the matter was that during this time industrialists such as Andrew ...
History of Transportation in New Jersey
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...Andrew Carnegie are among those people who have supported the construction of early transportation. If we compare both of them, Cornelius Vanderbilt was a thriving man due to his reputation of being a reliable boatman and secondly... History of Transportation in New Jersey The history of Transportation in New Jersey consists of many historical railroads, canals and airlines, some of these places still exist today. If we look at the canals than the first thing which comes in our mind is Morris Canal which was a canal that built-in a cycle of water driven to dispose the surface level in Northern New Jersey, United States. It survived for about a century, probably from 1820's to the 1920's. The canal played ...
Ethical Questions on Charity
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...Andrew Carnegie and John D. Rockefeller donated billions of dollars to reduce global poverty, disease and premature death. The global Alliance for Vaccines and Immunization which is highly supported by Gate’s Foundation claims that it has already prevented nearly 1.7 million future deaths. Although these so called philanthropists have donated considerable amounts, such level of help raises several ethical... Ethical Questions on Charity Most of the people of poor nations lack adequate healthcare, food, and safe drinking water. According to the UNICEF, more than 10 million children die every year due to poverty related causes. In this context, philanthropic giants like Bill Gates, Warren Buffett, Andrew...
The Reckless Decade
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...Andrew Carnegie and John D. Rockefeller. While they amassed... The Reckless Decade The book, ‘The Reckless Decade,’ ed by H. W. Brands discusses economic, political, technological and social changes which resulted in tensions between the poor and the rich, labour and capital, the East and West and whites and blacks in the 1890s America. Brands begins with Fredrick Jackson Turner in chapter one, giving an account of the closing of the frontier with a move towards adopting imperialism (2). He goes on to give an account of legal, economic and political history of great men and their followers, whom they exploited. Efficiency, availability of resources and ruthlessness saw the rise of John Pierpont Morgan,...
HISTORY OF AMERICAN CAPITALISM
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...Andrew Carnegie John D. Rockefeller Was the founder of the Standard Oil Company, which dominated the oil industry and was the first great U.S. business trust. Rockefeller revolutionized the petroleum industry and as a philanthropist, he modernized the art of giving. In 1870, he established Standard Oil, which by the early 1880s controlled some 90 percent of U.S. refineries... History of American Capitalism Identify Albert Gallatin. What were the main points in his “Report on Roads, Canals, Harbors, and and Rivers”? He intended to built a series of canals parallel to the Atlantic coast from New York City to South Carolina, a major turnpike from Maine to Georgia, a series of inland canals heading to Ohio...
Assignment Essay: History 102
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...Andrew Carnegie known as the Gospel of Wealth. He was a poor Scottish migrant turned millionaire who became the symbol for social mobility, which also was known... 27 Sep. Impact of Industrial Revolution on American Society Though the first industrial revolution hastransformed the world from an agrarian economy to a modern, technological and industrial society, and most of this development changed human life for the betterment, there exists no scientific base for these changes. It is only after the Second Industrial Revolution (1870-1914) that a spurt in the development has occurred, resulting in rapid rise of industrial growth. Macro inventions which explored and discovered path breaking innovations...
Impact of Industrial Revolution on American Society
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...Andrew Carnegie known as the Gospel of Wealth. He was a poor Scottish migrant turned millionaire who became the symbol for social mobility, which also was known... 27 Sep. Impact of Industrial Revolution on American Society Though the first industrial revolution has transformed the world from an agrarian economy to a modern, technological and industrial society, and most of this development changed human life for the betterment, there exists no scientific base for these changes. It is only after the Second Industrial Revolution (1870-1914) that a spurt in the development has occurred, resulting in rapid rise of industrial growth. Macro inventions which explored and discovered path breaking innovations...
BOOK: The JUNGLE BY UPTON SINCLAIR
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...Andrew Carnegie, a late 19th century and 20th century industrialist, whom have also been dubbed as the richest man in the world at that time was famous... ?The Jungle, by Upton Sinclair Question Answer: “And so all over the world two es were forming, with an unbridged chasm between them--the capitalist class, with its enormous fortunes, and the proletariat, bound into slavery by unseen chains.” (Sinclair, 333) Sinclair explains the situation between the two classes that has formed in America over the twentieth century. He says that the two classes, one the elite class and the other wage-workers, are so separated from their ideals and life to each other that the two classes are separated from each other...
Schomburg Research Center Visit
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...Andrew Carnegie donated five million dollars to construct a library in New York with 65 branches (Casper 33). The library opened its doors in 1905 with 10,000 books. In 1920, Ernestine Rose, the then branch librarian, integrated an all white staff. The first African American, Catherine Latimer, was later hired and cooperated with schools and social organizations to integrate... Schomburg Research Center Visit The Schomburg Center, located in Harlem, is a research library of the New York Public Library. It serves as a repository archive for information about people bearing African origins (Casper 31). This paper will write a brief history of the center and Arturo Schomburg’s relation with it. In 1901, An...
19TH Century Industrial Tycoons
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...Carnegie be remembered? As Captains of industry or as Robber Barons? The times in the 19th century are remembered as the foundations of the immense growth of the American economy being enjoyed currently. This growth is contributed to the inventions and productivity of various industrial tycoons who contributed to the most productive and the rich America we see today. Among the great tycoons attributed to the success are the John D. Rockfeller and Andrew Carnegie (Josephson, 2010). However, the way they rose to success and made their great wealth is very questionable hence painting them as “Robber Baron... The 19th Century Tycoons How should industrial tycoons of the 19Th century such as Rockfeller and...
An Historical Perspective on the Value of Wealth
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...Andrew Carnegie, Booker T. Washington, and Ida Tarbell. This small group was made up of a business titan, an ex-slave and a female journalist. They were of vastly diverse backgrounds and yet all shared the common thread of being almost obsessed with the idea of wealth. All for different reasons, yet sharing some common motives. Washington, born into slavery, had worked his way up through sweat and diligence. He was a college graduate, prominent figure, and believed in the accumulation of wealth as a means to elevate your position in society. He was willing to compromise freedoms to attain modest material wealth in the notion that even modest wealth would bring... An Historical Perspective on the Value...
Portrait of America by Stephen Oates
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...Andrew Carnegie was responsible for the evolution of industrial power. On the other hand Page Smith explains how the barons amassed their wealth by employing slaves to work for them. He also tells us about the period of industrialized and the human toll paid by the United States. Edmund Morris takes us into the 'Progressive Era' where he speaks of how conduct and personal qualities shape great historical figures. Author... Civil War Order No. 277342 No. of pages 20988 The book "Portrait of America" written by eminent historians like Steven B. Oates and co- authored by professor of history at the community college in North Virginia is a very useful anthology of essays that a very relevant to the history...
America's Richest Men and Their Impact in the Country
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...Andrew Carnegie. Then he later went on a huge buying fling where he acquired leases for crude oil... America’s richest men and their impact in the country John Davidson Rockefeller Born in July 8th 1839, he was an American investor, oil businessman and an altruist. He founded the Standard Oil Company in the United States which reigned over the oil business and later became the first great trade trust in the United States. He overturned and restructured the oil industry. He established the Standard Oil Company in 1870 and ran it till he retired in 1897. This Standard Oil Company had started as a partnership between John Rockefeller and his blood brother William Rockefeller together with Henry Flagler,...
Reading Summary
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...ANDREW CARNEGIE- “WEALTH.” Carnegie opinion in this article is from the true Gospel that concerns wealth, obedience that gets destined towards solving the problem someday of the poor and the rich and bring peace on earth. He argues that perseverance and hard work results to wealth; thus implying that poverty is a flaw of character. He explores the modes of distributing the capital and wealth that accumulated to the communities that it originated. He... Article Review al Affiliation KARL MARX-“ALIENATED LABOR” Marx proposition in his article “alienated labor” is based on equal rights for every mankind. He argues that through reasons usage, the society can attain equality and work towards accomplishing the ...
Reading response
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...Andrew Carnegie developed the gospel of wealth which focused on the development of an inclusive society where wealth would be ensured in the betterment of the society. The gospel was put into practice by him. Immediately after selling his company, he decided to use the money to upgrade and improve the education and the health sector. The move led to greater improvement of the society through provision of better health and education services. The gospel of wealth by Carnegie is an effective tool that can be used to solve... Homestead Act The Homestead acts of the United s federal government were a set of laws that governed the acquisition of land at little or no cost. The laws were based on the giving...
Midterm Essay
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...Andrew Carnegie, and John D Rockefeller. The Gilded Age marked the emergence of modern American economy with giant corporations as its hallmark. In this essay, I will argue... History 111 Question: Essay 2 Industrialization during the Gilded Age The term Gilded Age was coined by Mark Twain in 1873. It represented the late 19th century between 1870s and 1900s. It was during the Reconstruction period after the American Civil War (1861-1865) and was marked by rapid industrialization in the North, improved transport and communication, technological innovations, mass immigration, currency and tariffs disputes, and organized labor. The period was also marked by rise of corporations and Robber Barons such as...
Essay 1
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...Andrew Carnegie. The article talks about the challenges of and solution to wealth administration in the modern society. According to the author, about 100 years back, there was substantial socio-political equality with the poor and rich being equal. There was no difference in the lives of masters and their servants. However, civilization brought in change that saw the human society lose its homogeneity. The law of competition has led to classifications, thus widening the gap between the poor and the rich. Carnegie faults poor wealth administration for this unequal wealth distribution and therefore seeks to provide a solution without... Article Review This paper reviews the article, “Wealth” ed by Andrew ...
The Influence of Business Tycoons
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...Andrew Carnegie Andrew Carnegie supported Booker T Washington by giving money to an institute called Tuskegee, which was founded by Washington. American history celebrates the live of Carnegie, which transformed from a person who never owned a dime to a person who lead financial empires of great power. Currently, the individuals in American still remember Carnegie and the way he influenced the lives of Americans and the economy of the country. The kind of corporate that he was dealing with is the steel industry. He started the industry in the year 1865 and when he died, he was a multimillionaire like the other tycoons. Before becoming rich, he... Task: The influence of business tycoons Introduction The...
The Debate over Immigration Restriction
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...Andrew Carnegie, Samuel Gompers and James J. Hill to include the list of desirable immigrants (Warne). Warne believes that immigration has brought the country the industrious, the God-fearing and the courageous men from around the world (1916). Mr. James Bryce has also excellently concluded that the assimilation of Americans with other races actually enlivens intellectual fertility and boosts the creative power of the country to a higher level of production (1891). The debaters continued on to dispel the figures proving higher crime rate, juvenile deliquency and illiteracy of the immigrants are not necessarily brought by the influx of immigrants in the country but of geographical... The Debate over...
history of business
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...Andrew Carnegie He was a Scottish American businessman who contributed a lot the growth and expansion of the steel industry in the U.S during the 19th century. In addition, he was a renowned philanthropist in that he utilized his wealth to help society. Work Cited Mansel Blackford and K. Austin Kerr. Business Enterprise in American History. New York: Cengage, 1993. Print.... Q1. Some of the tasks Gallatin proposed were: An arrangement of channels parallel to the Atlantic coast from New York City to South Carolina A significant road from Maine to Georgia An arrangement of inland waterways heading to Ohio A waterway crossing New York State Q2. The two exceptions were improvements to make streams ...
"Firm behaviour which seeks to give considerable weight to ethical concerns must do so at the expense of profit". Discuss ma
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...Andrew Carnegie, a multi-millionaire American philanthropist that significantly advanced the profit opportunities of the international steel trade. Carnegie amassed enormous wealth during his time period, between the late 19th Century and early 20th Century, by being a shrewd and dominant businessperson. Simultaneously, Carnegie was an outspoken orator that consistently published written materials about the danger of corporate greed. Carnegie wrote in 1868, “there is no idol more debasing than worship of money” (Klein 2004, p.57). During his career as a businessperson, Carnegie donated millions of dollars to a variety of different charities and organisations, without having... ? Firm Behaviour Which...
Short Essay QUestions about book "Out of this Furnance" by Thomas Bell and 5 multiple choice questions.
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...Andrew Carnegie. 2. Dubik was killed in a furnace explosion. 3. Mike Dobrejcak registered as a Republican but voted for Eugene Debs, the Socialist. 4. Kracha opened a butcher shop. 5. The Committee for Industrial Organization ( CIO ) promoted the union organization of all workers in mass production. Work cited Bell, Thomas. Out of this furnace. Pittsburgh : University of Pittsburgh Press, 1976. Print.... would increase the flow of production in the system, to increase the volume of steel production. This is exactly what Carnegie did in his steel company called Keystone Bridge Company. He ensured that the company provided for a cheap supply of iron beams and plates. This was...
Book of Analysis
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...Andrew Carnegie in the year 1889. It offers a description of the compassion by the emergent upper class or those individuals who have made themselves rich. The author addresses a number of issues; one of them is the inequality created by affluent people in the society and advocates that the wealthy should redistribute their wealth in a reasonable and productive manner. Carnegie believes that wealth should be handed down to the heirs or directed towards helping the society grow. The article provides a fascinating examination of the wealth distribution from the standpoint of one of the foremost philanthropists... Submitted Book of Analysis The essay or article d The Gospel of Wealth was written by Andrew...
imperialism (ANALYSIS PAPERS)
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...Andrew Carnegie, Samuel Gompers and James J. Hill to include the list of desirable immigrants (Warne). Warne believes that immigration has brought the country the industrious, the God-fearing and the courageous men from around the world (1916). Mr. James Bryce has also excellently concluded that the assimilation of Americans with other races actually enlivens intellectual fertility and boosts the creative power of the country to a higher level of production (1891). The debaters continued on to dispel the figures proving higher crime rate, juvenile deliquency and illiteracy of the immigrants are not necessarily brought by the influx of immigrants in the country but of geographical... The Debate over...
Reagan, Obama and Inequality
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...Andrew Carnegie and J.P. Morgan became very rich, the issue of inequality has soared. The gap between the rich and the poor has over the years grown wider. Since the time president Regan took office until today, a huge percentage of the American population is still struggling to make ends meet. It is time that the government and the law making organs of the country deal with this issue of inequality that has bedeviled out country for some time now. I am happy that the president took note of the issue and even addressed it during the state of the union address. I hope that the president together with his government will take the necessary steps to...
Major Writing Assignment Six: Identifying Ethos, Pathos, and Logos and Proofs in an Argument Essay
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...Andrew Carnegie: “the day is not far distant when the man who dies leaving behind him millions of available wealth, which was free for him to administer during life, will pass away unwept, unhonored, and unsung”. Logos is one of the pillars of a rhetoric... Sur Why Should We Share the Wealth: Ethos, Pathos, and Logos In the essay “Why Should We Share the Wealth”, author Jeffrey Sachs explores an idealistic viewpoint that extreme conditions brought about by poverty can be resolved if the few who owns the majority of the world’s wealth will come together to use their resources for the betterment of the people. The purpose of this essay is to examine the strength of the author’s argument by weighing it...
The Evolution of Capitalism
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...Andrew Carnegie in that capitalism created new... Topic: Lecturer: Presentation: The Evolution of Capitalism Industrial revolution began in the late 18th and continuing to the 20th century in Britain then spread to other parts of Western Europe and United States. It was prompted by the availability of coal deposits, high population and international trade which Britain having the resources such as labor and capital and availability of markets exploited. This revolutionalized how work was conducted as well as the production process. It expanded further in America inmid-19th century powered by steel and chemicals, electricity, improved transport and communication leading to emergence of corporations and...
How history of PA related to union help turn the state into a pro-union today.
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...Andrew Carnegie. While Carnegie’s steel production was a great boon to the state’s economy it was also clear that increased employee unionization was necessary. In addition to the explosion of Carnegie Steel, the state was also one of the regions that participated in the Great Railroad Strike of 1877 (James 1989). This was a major event in American history and had tremendous implications, as protestors would burn Union Depot... of Pennsylvania Union With the onset of the Industrial Revolution and increasing factory modes of production workers found themselves in thethroes of dreadful working conditions and long hours. As a response to these social changes, workers progressively began banding together to ...
The Evolution of Capitalism
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...Andrew Carnegie. Smith developed the principles that guide the workings of capitalism (open competition, free trade and low government controls). Marx and Engels were very critical of capitalism and the methods proposed by Smith. For them capitalism creates... ? Topic: Lecturer: Presentation: Capitalism Industrial revolution began in the late 18th century in Britain and spread to other parts of Western Europe and America powered by coal, steel, electricity, improved transport and communication (Sanders et al. 197). This revolutionalized work patterns and gave rise to capitalism. We cannot talk about evolution of capitalism without discussing the works of three key individuals: Adam Smith, Karl Marx, and...
Assume a Role as a Community Leader in Homestead 1892
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...Andrew Carnegie and his workers are at odds in Homestead Steel Works. The objective of the company is to prepare more products at a cheap rate, with the use of advanced machines and techniques. As these unskilled workers are unable to cope up with these techniques and machines, the company has acted negatively on their part of decision. Thus, the company has offered lower wages to these unskilled workers... ?Assume a Role as a Community Leader in Homestead 1892 The ‘Homestead Strike’ which is basically an industrialized lockout has occurred in the year 1892. The reason for the strike is a disagreement that has risen between the Amalgamated Association of Iron and Steel Workers (the AA) and the Carnegie...
Principal of economics
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...Andrew Carnegie brought much alms to the steel production. Andrew came to America as a young boy, 12 year old and before the age of thirty he had farsighted investments in the iron industry. By 1865, Andrew has invested in companies that made iron bridges, locomotives and rails. After ten, years, Andrew built one of the largest steel mills in Monongahela River, Pennsylvania. He acquired control of the mill, coke and coal properties. He commanded businesses in shipping lines and railroads. His investment steered the industrial development that was never seen there before in America. Nevertheless, Andrew never controlled entirely the natural resources... ? PRINCIPAL OF ECONOMICS Economic expansion The...
Reflective journal on management skills
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...Carnegie has advocated for it so have Henry ford and Andrew Carnegie among many others. So as manager I know I have discovered my tool and I can attest to the enormous impact this has had on my operations. I now shun highhandedness and value dialogue and respect for my subordinates. Reference Hamilton, Cheryl. (2010), Communicating for Results: A Guide... Task There is this incident way back in school that I always remember for the impact it had on me as a manager. It was a normal class session and the lecturer was already in class when a couple of students who were apparently late hurried into the classroom. The lecturer was furious and consequently ordered them out. Much as they struggled to offer an ...
Imperialism in the nineteenth century
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...Andrew Carnegie for instance employed the use of the vertical integration. This method involved the use of control on every step in the manufacturing process of the product. This method dominated the market in that century. The vertical integration method had the advantage of saving cost as a result of the integration. This allowed the business to sell products at a cheaper... Imperialism in the nineteenth century Introduction During the nineteenth century, people in the whole world had become integrated to one and also a rapidly growing system of the whole world. This was the effect of what can be referred to as the modern revolution. Different people and regions from economical, cultural and also the...
American Imperialism
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...Andrew Carnegie and William James. It is in this context that they founded American Anti-Imperialist League in 1899. “We hold that the policy known as imperialism is hostile to liberty and tends toward militarism, an evil from which it has been our glory to be free. We regret that it has become necessary in the land of Washington and Lincoln to reaffirm that all men, of whatever race or color, are entitled to life, liberty and the pursuit of happiness. We maintain that governments derive their just powers from the consent of the governed. We insist that the subjugation of any people is "criminal aggression... ?Discuss American Imperialism in the Nineteenth Century. Why was this policy adopted? How was it ...
The united states after the civil war
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...Andrew Carnegie, Cornelius Vanderbilt, and Thomas Edison were instrumental in accelerating industrialization in the United States through their inventions and initiatives. Due to the rapid industrialization process, the United States was able to catch up with the greatest industrial power- Great Britain by the end of the 19th Century (Peacock 62). The westward expansion was one of the defining themes after the Civil War in the United States and which shaped American... The United s after the Civil War The cost of the Civil War to the United s was massive. The American economy boomed after the Civil war and the country witnessed remarkable economic growth and development (Peacock 11). As a matter of...
history of capitalization
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...Andrew Carnegie’s name will always be remembered in business reformation. Born in Scotland, the Carnegies family had a weaver cottage, when they received confusing reports about their business prospects in Scotland, they finally left their homeland when circumstances became... ?Write a history of both mercantile capitalism and industrial capitalism explaining their origins by focusing especially on the role of business people, government, and technology. Just like any other social system like democracy, capitalism is also an evolutionary system. Each form of trade served the people at its own time, and it is only a matter of time when a new form of trade will sweep away the preceding one. Mercantile...
American Civil Exam
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...Andrew Carnegie set the standard for the new breed of American millionaire and in doing so helped to create the idea of the American Dream. A Scottish immigrant whose family borrowed money to come to Pennsylvania, Carnegie started work at age 13 in a factory and found steadily more lucrative work... 1. Andrew Johnson wasn’t supposed to be the President of the United s. Abraham Lincoln tapped him as a running mate for the 1865 election because Johnson was a Southerner with Union leanings — he traveled around Tennessee before the Civil War arguing against secession, and though he supported slavery, he put loyalty to the national government before his personal beliefs. This made him a good partner for...
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