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Andrew Carnegie’s parents left Scotland due to a severe economic slump when America slid into recession and stopped buying imported Scottish Linen. Linen was the main industry of Dumfermline, Scotland. His father was a handloom weaver who was often out of work. So they decided to move to western Pennsylvania where relatives had emigrated years before in hopes of a better life.
Andrew was thirteen years of age when his family settled in Cresson, PA, near Pittsburgh. He was startled by the bustling cities activity and almost instantly saw the great potential of his new home.
With a father who still failed to get work, Andrew looked for his own job. He landed one in a factory. He soon afterwards found a better job. In the 1850’s, before telephones, messages were electronically wired to a telegraph machine in Morse code. An interpreter would translate the Morse code into text on sheets of paper. A messenger would then deliver this to the intended recipient. He applied for and received a messenger job at a busy office. He memorized streets and people so he became very quick at delivering these messages.
A point not to overlook was his affable personality. He was quite friendly and gregarious. On his deliveries he met a lot of people. But his intellect helped launch him into a promotion as the telegraphic operator, interpreting Morse coded messages.
This experience landed him a job as a telegraphic operator and assistant to Thomas Scott, one of the powerful Pennsylvania Railroad heads. He became a friend and confident of Thomas Scott. This relationship was the big break in Andrew’s life. Scott let Andrew into one of the best kept secrets of the rich in the late 1800’s –the stock market. Scott knew the best publicly held companies and always offered Andrew a piece of the pie. Andrew received tremendous dividend payments from these investments. He also earned a promotion to superintendent of the Pennsylvania Railroad. In this position, he learned all about the Rail Road.
After about three years he left the Rail Road and focused on buying companies that supported the Rail Road. So he bought Oil, Coal, and Iron businesses. He understood that steel was about to become a major U.S. industry. So he adroitly turned his energies to the Steel industry.
He knew that Steel would become one of world’s greatest assets so he created Edgar Thomas Steel works in Braddock, PA. In the 1860’s steel work was commanded by skilled workman who knew exactly how to mix the components to eradicate impurities. Correspondingly, these skilled workmen got paid what they wanted. Andrew heard of a new way which would strip this power from these skilled workmen. So he traveled to England where they were already using a process called the Bessemer process. This process involved containers which blew air through pig iron which expelled the impurities that the iron contained.
Andrew learned that he could keep tract of his businesses by accurate accounting. This led him into a life of semi retirement at the age of 40. He moved to New York and followed his company from accounting reports while letting his brother and others manage the company. While in New York he sought the company of the wealthy and educated. It seems that he had to prove himself in intellectual circles. He often debated his companions on various issues but always with humor and an agreeable attitude. He also pursued a career in the literary field writing a few books and numerous articles for magazines. He uncharacteristically wrote articles in support of unions. But while unions were fighting for eight hour days his workers were forced to work 12 hour days.
He traveled to Europe numerous times and caroused with Europe’s elite people. He not only wanted sophisticated friendships with these aristocrats but also knew these people could provide profitable business.
He often said he was lucky. In some ways he was right. But he was hard working and always fighting for the cheapest way to produce steel. He benefited from the protective tariffs of the 19th Century (which kept foreign steel out of America). He also benefited from the frenzy to use steel to produce railroad tracks which the U.S. government paid to him. This demand for steel by the U.S. government made him one of the wealthiest men in America.
As he aged he spent his living days trying to disperse his wealth throughout society. Two of his main philanthropic projects were the building of numerous libraries throughout the world and providing needed organs to many churches. He also set up and funded the Carnegie Institute for Science as well as museums. His one huge goal however was to establish World peace. He lobbied President Theodore Roosevelt, President Taft, Kaiser Wilhelm II and various English politicians to form a “League of Peace” in order to arbitrate conflicts between nations. All though they gave him an ear they never took him seriously. He was a pompous “know it all” and just as this attitude disturbed the greats of his day it left me with a slight dislike of this late 19th C and early 20th C titan.
Andrew was thirteen years of age when his family settled in Cresson, PA, near Pittsburgh. He was startled by the bustling cities activity and almost instantly saw the great potential of his new home.
With a father who still failed to get work, Andrew looked for his own job. He landed one in a factory. He soon afterwards found a better job. In the 1850’s, before telephones, messages were electronically wired to a telegraph machine in Morse code. An interpreter would translate the Morse code into text on sheets of paper. A messenger would then deliver this to the intended recipient. He applied for and received a messenger job at a busy office. He memorized streets and people so he became very quick at delivering these messages.
A point not to overlook was his affable personality. He was quite friendly and gregarious. On his deliveries he met a lot of people. But his intellect helped launch him into a promotion as the telegraphic operator, interpreting Morse coded messages.
This experience landed him a job as a telegraphic operator and assistant to Thomas Scott, one of the powerful Pennsylvania Railroad heads. He became a friend and confident of Thomas Scott. This relationship was the big break in Andrew’s life. Scott let Andrew into one of the best kept secrets of the rich in the late 1800’s –the stock market. Scott knew the best publicly held companies and always offered Andrew a piece of the pie. Andrew received tremendous dividend payments from these investments. He also earned a promotion to superintendent of the Pennsylvania Railroad. In this position, he learned all about the Rail Road.
After about three years he left the Rail Road and focused on buying companies that supported the Rail Road. So he bought Oil, Coal, and Iron businesses. He understood that steel was about to become a major U.S. industry. So he adroitly turned his energies to the Steel industry.
He knew that Steel would become one of world’s greatest assets so he created Edgar Thomas Steel works in Braddock, PA. In the 1860’s steel work was commanded by skilled workman who knew exactly how to mix the components to eradicate impurities. Correspondingly, these skilled workmen got paid what they wanted. Andrew heard of a new way which would strip this power from these skilled workmen. So he traveled to England where they were already using a process called the Bessemer process. This process involved containers which blew air through pig iron which expelled the impurities that the iron contained.
Andrew learned that he could keep tract of his businesses by accurate accounting. This led him into a life of semi retirement at the age of 40. He moved to New York and followed his company from accounting reports while letting his brother and others manage the company. While in New York he sought the company of the wealthy and educated. It seems that he had to prove himself in intellectual circles. He often debated his companions on various issues but always with humor and an agreeable attitude. He also pursued a career in the literary field writing a few books and numerous articles for magazines. He uncharacteristically wrote articles in support of unions. But while unions were fighting for eight hour days his workers were forced to work 12 hour days.
He traveled to Europe numerous times and caroused with Europe’s elite people. He not only wanted sophisticated friendships with these aristocrats but also knew these people could provide profitable business.
He often said he was lucky. In some ways he was right. But he was hard working and always fighting for the cheapest way to produce steel. He benefited from the protective tariffs of the 19th Century (which kept foreign steel out of America). He also benefited from the frenzy to use steel to produce railroad tracks which the U.S. government paid to him. This demand for steel by the U.S. government made him one of the wealthiest men in America.
As he aged he spent his living days trying to disperse his wealth throughout society. Two of his main philanthropic projects were the building of numerous libraries throughout the world and providing needed organs to many churches. He also set up and funded the Carnegie Institute for Science as well as museums. His one huge goal however was to establish World peace. He lobbied President Theodore Roosevelt, President Taft, Kaiser Wilhelm II and various English politicians to form a “League of Peace” in order to arbitrate conflicts between nations. All though they gave him an ear they never took him seriously. He was a pompous “know it all” and just as this attitude disturbed the greats of his day it left me with a slight dislike of this late 19th C and early 20th C titan.