Andrew Carnegie Essay Example | Topics and Well Written Essays - 500 words

Andrew Carnegie - Essay Example ers and acquisitions, cost minimizing measures, and centralization of supplies created some of the big industry giants in America, and by extension, the world. Andrew’s first venture into the Iron and steel industry was as a result of his engagement in the railroad transport industry, first as a telegrapher and secretary then as superintendent of Pennsylvania Railroad. Here he was charged with, among other things, acquiring the steel rails for the expanding railway networks and engines. Through the railroad contacts he met while working here, he recognized the opportunity of manufacturing the heavy equipment needed for the industry. He was successful in organizing Keystone Bridge Company, the first successful manufacturer of iron rail, and Pittsburgh Locomotive Works into a unit to supply the equipment. He also encouraged George Pullman to join up with him and form the Pullman Palace Car Company to market sleeping cars to the Union Pacific, is so doing he created a monopoly. Eventually, his close ties with John Pierpont Morgan led him to sell his vast interests in the steel industry to J. P. Morgan. The negotiations that ended in Ma rch 2, 1901 to form United States Steel Corporation is the largest such industrial takeover to date. Carnegie is also remembered for his drastic cost cutting measures is partly responsible for the events that shaped the labor force in the iron industry in America. His payment schedule for instance was racial informed. He paid Slavs, Russians, and Italians $12 per week, native-born whites got $22 per week, and Irish and Scots got $16 per week. His steelworks were also said to have been in deplorable conditions. In addition, in his early days as an employer, he is said to have single-handedly fell the giant steel workers union, Amalgamated Association of Iron and Steel Workers. Some of his tactics include hiring strikebreakers and spies, blacklisting workers who were thought to be capable of causing trouble, and maintaining the