Saturday, August 8, 2020

Andrew Carnegie

 

“the man who dies rich dies disgraced”


Andrew Carnegie led the expansion of the American steel industry in the late 19th century and became one of the richest Americans in history.


Born into a family of destitute laborers, Andrew Carnegie arrived in Pennsylvania, and as a 13-year-old got a job in a textile mill, where he earned only $1.20 per week.


He pioneered vertical integration, buying his own coal fields to produce fuel for his factories, as well as ships and railways to transport the steel they produced.

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