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Andrew Carnegie and the Rise of Big Business Andrew Carnegie was the pioneering tycoon of the 19th century From his companies emerged the steel to build the infrastructures such as railroads bridges automobiles and ships that would build a nation in need of direction He was a major player in the transformation into the Industrial Revolution producing the steel to make machinery and transportation possible Carnegie built his empire from cost control low prices low profits and high volume to make himself the richest man in the world In his philanthropic stage of life he became the worlds beneficiary to education as he is responsible for the construction and donation of thousands of libraries in the US Europe and around the world Andrew Carnegie is remembered for many accomplishments that include his rise from rags to riches and his influences on the railroad stock market and iron and steel industries Early Years Andrew Carnegie was born into a very poor family from Dunfermline Scotland He moved to the United States with his family in 1848 Carnegie received his first job when he was 13 as a bobbin boy in a cotton mill at a mere 120 weekly wage Carnegies big break came in 1849 when he was hired at the OReilly Telegraph Company With this job Carnegie was able to learn many of the important structures of business which gave him important knowledge of commercial affairs and the new economy Carnegies second big break arose when Thomas Scott hired him to be the personal telegrapher and secretary Carnegie gained hands on experience in the railroad when a derailment almost caused heavy stoppage Carnegie was able to get the railroad moving again which gave him his first chance to be a leader In 1859 Andrew Carnegie was appointed Superintendent of the Pittsburgh Division at the age of 24 Carnegie was so good at his job that he was able to perfect the system of
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