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
When Carnegie entered the steel business in 1872, he brought with him several important lessons from his railroad experience. He was aware of the large expanding market for steel that railroads were creating with their need for track, bridges, and locomotives. Since he used to work for the Pennsylvania Railroad he took to heart the obsession of the railroad practice of low cost and high-volume operations. Like the railroads, steel was a capital-investment business, and Carnegie sought always to lower the cost and increase the volume of production of his steel mill. As done when he was a superintendent at the Pennsylvania Railroad from 1859 to 1865 . He applied sophisticated cost accounting and record keeping system, which he used to locate production inefficiencies and to reward as well as penalize his workers. In doing so Andrew Carnegie Was able to meet very influential individuals of which he became great friends with. 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 h
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Approximate Word count = 786
Approximate Pages = 3 (250 words per page double spaced)
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