Andrew Carnegie was a Scottish-born American industrialist. He was a self-made steel tycoon and one of the wealthiest businessmen of 19th century. He was born on November 25, 1835, in Dunfermline, Scotland. His family moved to America in 1848, in search of better economic opportunities. Initially, Andrew worked in a Pittsburgh cotton factory earning $1.20 a week. The following year, he found a job as a telegraph messenger and in 1851 he moved up to a telegraph operator position. After two years Andrew started working at the Pennsylvania Railroad, eventually rising to the position of superintendent.
Quick Facts: –
- While working for railroads, Andrew Carnegie invested in various businesses like iron, oil, bridges etc.
- During the Civil War, Carnegie was in charge of the Union army’s railroads and telegraph lines.
- He made wise choices and most of his investments were successful.
- In 1865, he established his first company and named it Keystone Bridge Company.
- Later, he decided to invest in steel and formed Carnegie Steel Company which revolutionized steel production in the United States.
- He built plants around the country and used different technologies and methods to manufacture steel in an easier way.
- In 1901, J. P. Morgan purchased Carnegie Steel for some $480 million, making Andrew one of the world’s richest people.
- U.S. Steel was formed by the banker J. P. Morgan. It became the largest corporation in the world.
- On August 11, 1919, Andrew Carnegie died of Pneumonia in Lenox, Massachusetts.
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