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2007-02-14 02:32:06 · 3 answers · asked by Judas Rabbi's daughter. 2 in Arts & Humanities History

but how did he get the money he had

2007-02-14 03:09:14 · update #1

3 answers

Andrew Carnegie was an expert in the steel industry. He like, other tycoons, recognized that to be successful he needed to go beyond steel. He needed to have as much control as possible of other aspects related to steel, such as transportation, that were not directly part of the process. Carnegie also quickly converted to more expensive but more efficienct processes that would cost more money in the short run, but be much, much more profitable in the long run. He was an innovator. Quick to change to more effective methods.

He sold out U.S. Steel to J.P. Morgan in the early 1900s, and then devoted himself to philantrophy, best known for public libraries, but also arts and other areas. Carnegie had a largely favorable public image, but like other captains of industry was a tough taskmaster, who paid very low wages. Another Yahoo question is on the Pullman strike where labor was harshly treated, and that involved Carnegie.

2007-02-14 03:41:27 · answer #1 · answered by Rev. Dr. Glen 3 · 1 0

Andrew Carnegie financed libraries in a lot of little towns that wouldn't otherwise have had them. The Carnegie Foundation is a major supporter of Naitonal Public Radio.

2007-02-14 02:44:53 · answer #2 · answered by loryntoo 7 · 0 0

Every time you set foot in a public library give him the credit for it.

2007-02-14 02:44:51 · answer #3 · answered by Bullwinkle Moose 6 · 0 0

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