[Author’s Name]
[Institution’s Name]
Essay on Andrew Carnegie
Andrew Carnegie was an American entrepreneur and humanitarian, who, at the age of 33, when he had a yearly income of $50,000, implicit, “Beyond this never earn, and make no effort to increase fortune, but spend the surplus each year for benevolent purposes.” Carnegie was born in Dunfermline, Scotland. He went to the U.S. in 1848 and shortly began work as a bobbin boy in a cotton mill in Allegheny, Pennsylvania, for $1.20 per week. The next year he became a messenger in a Pittsburgh telegraph agency and learned telegraphy. He was then employed by the Pennsylvania Railroad as the private secretary and telegrapher to the railroad official Thomas Alexander Scott. Carnegie advanced by succeeding promotions until he was administrator of the Pittsburgh allotment of the railroad. His financial curiosity in what became the Pullman Palace Car Company laid the basis of his destiny, and reserves in oil lands near Oil City, Pennsylvania, enlarged his resources.
During the American Civil War he served in the War Department under Scott, who was in charge of armed transportation and government telegraph overhaul. Later than the war Carnegie left the railroad and produced a corporation to generate iron railroad bridges. He shortly founded a steel mill and was one of the initial users of the Bessemer procedure of making steel in the U.S. Carnegie was enormously flourishing, acquiring a controlling awareness in other large steel plants. By 1899, when he consolidated his interests in the Carnegie Steel Company, he controlled about 25 percent of the American iron and steel production. In 1901 he sold his company to the United States Steel Corp. for $250 million and retired. (Houghton Mifflin Company)
Carnegie did not have an official edification, however as an adolescence working in Pennsylvania he developed an enduring interest in books and education....
