The Sultan of Steel

Born in Dunfermline, Scotland November 25, 1838 Father was a handloom weaver Lived originally in a one room

house Emigrated to the US in 1845

Andrew arrived in Alleghany Pennsylvania.

$1.20 a week for 72 hours. Ohio Telegraph Company

Began as a telegraph messenger in 1849

$2.50 per week. Impressed local businessman with his

competency and intellect. Rose through the business ranks.

Employed as Scotts personal assistant for $35 a week in 1853.

Scott became involved in rampant corruption

Helped Carnegie earn some crucial capital for future investments

Stayed part of Carnegie’s business life well afterwords.

Sideburns

Sideburns

Increased steel production Pittsburgh became center of

production Carnegie invested with other friends

to own a steel rolling mill After the war, Carnegie focused

entirely on owning his steel mills $42,000 in 1863

Carnegie was a giant of industry Bought steel mills at low prices Used vertical integration to increase

profit Bought iron ore fields in Michigan

By 1900 Carnegie was making 45 million a year.

Carnegie was bought out by J.P Morgan in 1901.

$485 million Carnegie was the richest man in the world.

Donated $10 million to Carnegie Teacher’s pension fund.

Carnegie Endowment for International Peace

Carnegie Corporation Carnegie dies in 1919

<http://www.carnegieendowment.org>

Legacy “ He that cannot reason is a fool. He

that will not is a bigot. He that dare not is a slave.”

“I resolved to stop accumulating and begin the infinitely more serious and difficult task of wise distribution.”

“Mr. Morgan buys his partners; I grow my own.”

Works CitedWorks Cited CONTENT "American Experience." PBS. PBS, Web. 16 Feb 2010.

<http://www.pbs.org/wgbh/amex/carnegie/>. "Andrew Carnegie." Spartacus. Spartacus, Web. 16 Feb 2010.

<http://www.spartacus.schoolnet.co.uk/USAcarnegie.htm>. "Foundation History." Carnegie Corporation of New York. Carnegie

Corporation, Web. 17 Feb 2010. <http://carnegie.org>. PICTURES "Andrew Carnegie." Wikimedia. Wikipedia, Web. 16 Feb 2010.

http://upload.wikimedia.org/wikipedia/commons/9/95/Andrew "Dismal Scientist." Datapoints. Datapoints, Web. 17 Feb 2010.

<http://www.economy.com/dismal/blog/blog_main.asp?tab=1&edition=4&m=9&y=2008>.