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Carnegie and Big Business

born in Dumferline, Scotland, in November of 1935. His parents were Will and

Margaret Carnegie. He also had a brother, Tom. The main income for the

geographic location where he grew up was weaving linen. The people who engaged

in this type of employment considered this an art since it had relatively

unchanged since medieval times. Andrew's father was one of those craftsmen.

Since there had been so little change in this type of work, they were really

caught off guard when machine production came around. For some, this

industrialization was good. The Carnegies were lead to believe that this was

the way they should be headed. At first the returns were good for them, but

prices and demand fell, and they were left without anything. The whole looming

industry was virtually gone; and with that, it was clear that there would be

no trade for Andrew to learn. They had received letters from time to time

about the possibility of work in America. After the looms fell through for

them, they realized that they didn't have much of a choice of what to do. So,

they borrowed the money for the voyage from Scotland to New York in the hopes

of having a fresh start. Losing everything they had didn't sit well with


to improve production and to lower costs. He even hired a full time chemist on

returning profits form his company back in to his company to expand growth. He

that it didn't matter whose money was being used for the transactions as long

1901, Carnegie decided to sell out. He sold his company to J.P.Morgan for

telegrapher and to assist him in dispatching trains over the western

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Approximate Word count = 1149
Approximate Pages = 5 (250 words per page double spaced)


  

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