Andrew Carnegie

A detailed Summary of Andrew Carnegie


Andrew Carnegie is a personified heroic character of Horatio Alger's that goes from rags to riches with hard work, dedication and a little bit of luck. Carnegie owes much of his success to what he learned in the railroads business.

In 1835, change from handloom to steam loom weaving was disastrous to their family especially for the father. Looming was the family's trade for years now their skills were not needed. As a result of the emergence of the British industrial revolution the Carnegie family was forced to move to the new world from Dunfermline, Scotland in hopes of get a better future for their sons Andrew and Thomas Carnegie.

Andrew Carnegie was a poor boy of an honest family that worked hard and studied at the same time, waiting for that gold chance promised by a dream in the new world. After getting it, he still pushed forward to validate the trust and confidence of his superiors. Carnegie went to school at night where he took some accounting classes to learn double-entry bookkeeping and read history as well as the classics on the weekend . As he went from a bobbin in a factory, office boy, messenger, part-time telegrapher, full-time tele


Andrew Carnegie's hard work, dedication and luck allowed him to go from rags to riches. However, much of his success is due to the knowledge as well as the influences gained at the Pennsylvania Railroads. "While at the railroads he learned to understand the cost-volume-velocity doctrines, the operating strategies that put them into practice, and the complex statistical analyses that had produced them. " He also knew the importance of communication and organization was a key point in order to have a successful business. In achieving these understandings he was able to meet individuals, such as Scott, that introduced him in to the world of high finance. While others gave him information on what stocks would go up or down and since there were always others willing to invest in a profitable business Carnegie did not need to invest him money. As a result in 1872, Carnegie had the capital necessary to start a big business as well as the skills necessary to run and organize a smooth operating business of such grand scale. Not to mention the right contact to invest in to his business to help it flourish in the manor it did. If it was for the experience gained a

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Approximate Word count = 786
Approximate Pages = 3 (250 words per page double spaced)

Category: History

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