Andrew Carnegie

Andrew Carnegie was an American businessman (Dunfermline, Scotland, 1835 - Lennox, Massachusetts, 1919), a good choice for starting an essay. He was from a poor family who emigrated to the United States in 1848. He was self-educated, and had to endure a hard life while trying to accumulate enough funds for buying stakes in small businesses in his city, Pittsburgh. In 1865-70 he had made a fortune first dealing with the railway s and steel products. Then he focused on the manufacture of steel, having invested despite the "Great depression" of 1873, and dominated the industry until about 1880. Carnegie thus represented the prototype of the self-made man which was an ideal for typical American. Such achievement could only be possible in the historical context of free market, with virtually no taxes or regulations.

Carnegie companies continued to grow in the eighties with the help of his partner HC Frick, who made him understand the need for vertical integration: in addition to most of the steel industry in Pennsylvania, there has been bough iron mines, shipping and railway companies, to match the new monopolistic tendencies that were imposed on the economy of the late nineteenth century. The life of Carnegie was rather saturated with events a lot of lessons could be learned. That is why, it is very likely that you will be assigned a term paper on his biography or business strategy. Of course, our writers have enough experience to help you with your research on Carnegie.