ENTREPRENEUR

ANDREW CARNEGIE

Presented by

NAVIN SINGVI

Guided by

Prof.SAROJ JOSHI

Early life

• Industrialist, businessman, entrepreneur and a major charity donor, journalist , author

• Born 25 Nov, 1835 Dunfermline, Scotland, United kingdom

• Father William Carnegie & mother Margaret Morrison Carnegie &brother Thomas

Carnegie age 16, with brother Thomas

Early Career

In 1848 for the prospect of a better life Migrated to the Pittsburgh ,United States

First job in the was as a factory worker in a bobbin factory , at $1.20 per week

In 1850, Carnegie became a telegraph messenger boy in the Pittsburgh Office of the Ohio telegraph company , at $2.50 per week

Cont…

• In 1853, Thomas A. Scott of the Pennsylvania Railroad Company's as a secretary at ,$4.00 per week.

• Learned much about management and cost control during these years

Next step of development

In 1861 ,Assistant Secretary of War in charge of military transportation

In 1864, Carnegie devoted his full energies to the iron business.

In 1864,invest $40,000 in oil company, After one year he get $10,00,000 profit

Between 1865 and 1870 Carnegie became a self-designated capitalist

Attention to steel

In 1870 First blast furnaceIn 1872 Inspired by Henry BessemerIn 1873 full attention to steelIn 1880 largest manufacture In 1888 bought many small industryIn 1889 include Thomson steel works

CARNEGIE STEEL COMPANY

BOOKS

• Round the World (1881),

• An American Four-in-Hand (1883)

• Triumphant Democracy (1886)

• Gospel of wealth (1889)

Problems

Depression cutting prices driving out competitors shaking off faltering partnersplowing back earnings

Institution

Carnegie Hall Carnegie Institution for research into

American colleges and universities Carnegie Hero Fund CommissionCarnegie Endowment for International PeaceCarnegie Institution technology of Washington Carnegie Mellon University Carnegie Museums of Pittsburgh

Carnegie Institution of Washington

Carnegie Mellon University

Retirement

• profits increased from $2 million to $40 million.

• Sold $500 million• Death 11 Aug 1919

The footstone of Andrew Carnegie

ANDREW CARNEGIE

ANDREW CARNEGIE