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Andrew Carnegie: "Capt. Of Industry" Or "Robber Baron"?
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As the Industrialization began, a few talented and foreseeing people took advantage of the development of new industries, technologies, and methods. Mass production was a way to produce goods in large quantities, and being able to sell them to the consumer for more affordable prices. The old owners of small businesses could no longer compete; th ....
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....strike, Carnegie rehired many of those people upon his return.
Carnegie's biggest contribution was the development of the steel production process; he was the first to produce it on such a large scale. Even though he cut down on his workers' salaries to keep the consumer costs down, he always generously invested in a new technology opportunity. If .... |
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Page count: 2 |
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