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Presentation transcript:

Intended for classroom instruction only. Andrew Carnegie, Steel and “Creative Destruction” I. The Education of an Entrepreneur A. The Meaning of “Creative Destruction” B. Carnegie’s Roots C. The Pennsylvania Railroad’s Visible Hand 1. Thomas Scott 2. The “Eureka Moment” D. The Context II. Revolutionizing Iron and Steel at Carnegie Steel A. Iron “Puddlers” B. “Hard Driving” 1. J. Edgar Thompson Works (1875) 2. Bessemer Process 3. Cost Accounting 4. “Throughput” C. Henry Clay Frick and PA Coke IV. Andrew Carnegie the Industrialist A. Homestead Strike (1892) B. Competition with J.P. Morgan 1. U.S. Steel (1901) IMOS Intended for classroom instruction only. Do not circulate.

Intended for classroom instruction only. Carnegie, The Boy IMOS Intended for classroom instruction only. Do not circulate.

Intended for classroom instruction only. Carnegie, the Up and Comer IMOS Intended for classroom instruction only. Do not circulate.

Intended for classroom instruction only. Thomas Scott IMOS Intended for classroom instruction only. Do not circulate.

Intended for classroom instruction only. IMOS Intended for classroom instruction only. Do not circulate.

Intended for classroom instruction only. Iron “Puddling” IMOS Intended for classroom instruction only. Do not circulate.

Intended for classroom instruction only. J. Edgar Thompson Works Braddock, PA IMOS Intended for classroom instruction only. Do not circulate.

Intended for classroom instruction only. Bessemer Process IMOS Intended for classroom instruction only. Do not circulate.

Intended for classroom instruction only. American Steel Production, 1877-1887 IMOS Intended for classroom instruction only. Do not circulate.

Intended for classroom instruction only. Open-Hearth Process IMOS Intended for classroom instruction only. Do not circulate.

Intended for classroom instruction only. Carnegie, The Hard Driver IMOS Intended for classroom instruction only. Do not circulate.

Intended for classroom instruction only. Henry Clay Frick IMOS Intended for classroom instruction only. Do not circulate. “Beehive” Coke Oven in Pennsylvania

Intended for classroom instruction only. IMOS Intended for classroom instruction only. Do not circulate. Carnegie, The Industrialist

Intended for classroom instruction only. IMOS Intended for classroom instruction only. Do not circulate.

Intended for classroom instruction only. IMOS Intended for classroom instruction only. Do not circulate.

Intended for classroom instruction only. Carnegie Steel Bridge, 1900 IMOS Intended for classroom instruction only. Do not circulate. Carnegie Steel Construction Beams

Intended for classroom instruction only. IMOS Intended for classroom instruction only. Do not circulate.

Intended for classroom instruction only. IMOS Intended for classroom instruction only. Do not circulate.

Intended for classroom instruction only. “Making Bessemer Steel at Pittsburgh” (1886) IMOS Intended for classroom instruction only. Do not circulate.

Intended for classroom instruction only. Homestead Strike 1892 IMOS Intended for classroom instruction only. Do not circulate.

Intended for classroom instruction only. Attempted Assassination of Frick, 1892 IMOS Intended for classroom instruction only. Do not circulate.

Intended for classroom instruction only. IMOS Intended for classroom instruction only. Do not circulate. Carnegie, The Industrialist

Intended for classroom instruction only. U.S. Steel IMOS Intended for classroom instruction only. Do not circulate.

Intended for classroom instruction only. 1908 1901 IMOS Intended for classroom instruction only. Do not circulate. The Philanthropist, 1913