Carnegie Steel Company
Andrew Carnegie was not one of the first industrialists in construer a steel mill, development achievement in ancient eras make this a starting point for the descendants and followers of the pioneers in this class. Andrew Carnegie what I bring to the Steel Mill was looking for ways to improve it, which left resulted in the creation of one of the earliest technological innovations on steel companies in America.
The steel company Andrew Carnegie was one of the most efficient in terms of steel production among all companies in the same product. The quality of the product marketed and even exported already at that time, it was enough to give the sastifactoria great success and gain in equity would later be used for the benefit of others.
Among the processes that were used in producing the best steel at the time, was the large-scale use of Bassemer process, which was acquired by the company Carnegie at the time to increase production quality.
The early days of the Carnegie Steel Company
As a first use in the beginning of the Carnegie Company, its owner great Scottish pioneer and consider the invention of a plan by which all necessary policy community were translated in supporting Mills Plan, which was initially think the study on Bassemer Process by the same Carnegie, which was the first indispensable for use in mass production of steel manufacturing process.
Andrew Carnegie built his first steel mill, Edgar Thomson steel Works, in the middle 1870s in Braddock, Pennsylvania, which is just outside PIttsburgh. The mill's plan was conceived while Carnegie was in Europe in 1872 where he learned of the Bessemer process for making Steel, which was the first inexpensive industrial process that cold be used for the mass production of steel.
Carnegie also reinvested his steelmaking profits into new technological innovations that would mprove the efficiency of his mills. For example, he installed the open hearth furnance system at the Homestead mill in 1866.
Efficiency has its price
By solely focusing on efficiency Carnegie's mills were among the most productive in the world. However, that productivity came at a cost, which was the safety of the workforce. Devastating injuries and deaths wer an unfortunate common occurrence at Carnegie's mills. Workers weren't provided much in protective equipment and most worked long grueling shifts, which further increased the risk of injury.
At this time, the war was coming and would possibly be lost for the company but actually it was not. World War II, this time already to obvious; the need for those countries involved to achieve greater production to other weapons, was made possible by steel. That is why the economic upswing was evident but also the workforce in the company and the needs of all suppliment played a very important role because it was a cost ran, ie, had more losses than gains. Despite the circumstances, the company complied with all this; and the end of the war approached and calm returned to the whole society.
Basically with costs in mind, Carnegie was focused on keeping a lid on wages. That resulted in an increase in less skilled workers, which often pushed out skilled workers, which often pushed out skilled unionized workers. In fact the begin of the war was evident; however Carnegie won the battle.
Carnegie cashies in his Chips
The steel business, to Carnegie brought a lot of economic gains. Its capital was powerful class that kept him in the elite men more powerful class.
Carnegie finally made the decision to sell their own company to JP Morgan also powerful man by a aprximada amount of $ 13.3 million, at the time were approximately $480 million dollars. After selling his company he came and creating partnerships between secondary companies that quickly became the major powers of steel due to the absence of complete and Carnegie Steel Company.
However, it money he later used in philanthropy, giving away about $350 million to charities and foundations. It was money that was used to build local libraries as well as to build Carnegie Hall, Carnegie Mellon University, and the Carnegie Museums of Pittsburgh.
The Steel Industry-The Reign of Andrew Carnegie
Bessemer Process
Andrew Carnegie in The Gilded Age
Andrew Carnegie (1835-1919) was a gilded age industrialist, the owner of his own steel company-Carnegie Steel Company, and one of Major Philanthropist at this time. He Optimized the gilded age through his big ideals of self-made man, and one example for the society because get stay alive from the poverty and become of the wealthiest individuals in the history of the world.
Carngie Steel Company
