Our thesis:
Picture in thesis courtesy of Library of Congress
Dunfermline, Scotland in the United Kingdom
Courtesy of maps.google.com Pittsburgh, PA, USA
Courtesy of maps.google.com |
Life as a young man:
Andrew Carnegie was born poor in Dunfermline, Scotland on November 25, 1835. His family immigrated to America when he was 12. They settled in Pittsburgh, PA. Carnegie started working at 13. He quickly earned better jobs and got more pay. Eventually, he got work at the railroad at 18. He made innovations such as burning wrecked railroad cars to clear the tracks and became a protégé. Life as an adult:
In 1859, he became the superintendent of the railroad, where he earned his first big annual salary of $1500. In 1863, he invested in oil and it returned $17,868 in one year, making his income $42,000. Seven years later, he visited Bessemer's steel plants. He saw great potential in steel and expanded by adopting Bessemer's process and grew his business over the next 20 years. In 1892, he combined all into one company: Carnegie Steel Company, which became the first billion dollar company in the world. In 1901, he sold the company and it's shares for $475 million of which Carnegie kept $225 million. After that, he dedicated his life to philanthropy. |