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  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

 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  $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

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.”

 CONTENT  "American Experience." PBS. PBS, Web. 16 Feb  "Andrew Carnegie." Spartacus. Spartacus, Web. 16 Feb  "Foundation History." Carnegie Corporation of New York. Carnegie Corporation, Web. 17 Feb  PICTURES  "Andrew Carnegie." Wikimedia. Wikipedia, Web. 16 Feb  "Dismal Scientist." Datapoints. Datapoints, Web. 17 Feb