USA HISTORY

Detailed explanation-1: -Andrew Carnegie (Scots: [kɑrˈnɛːɡi], English: /kɑːrˈnɛɡi/ kar-NEG-ee; November 25, 1835 – August 11, 1919) was a Scottish-American industrialist and philanthropist. Carnegie led the expansion of the American steel industry in the late 19th century and became one of the richest Americans in history.

Detailed explanation-2: -Andrew Carnegie at the 25th anniversary of the Tuskegee Institute, April 1906.

Detailed explanation-3: -Carnegie Steel Company was a steel-producing company primarily created by Andrew Carnegie and several close associates to manage businesses at steel mills in the Pittsburgh, Pennsylvania area in the late 19th century.

Detailed explanation-4: -A generous philanthropist, he slashed the wages of the workers who made him rich. One of the captains of industry of 19th century America, Andrew Carnegie helped build the formidable American steel industry, a process that turned a poor young man into the richest man in the world.

Detailed explanation-5: -Carnegie adopted a new process invented by Sir Henry Bessemer that allowed steel to be made from iron more efficiently and quickly. This lowered the cost for steel, expanding the market. While this Bessemer steel didn’t work for bridges or buildings, it worked well for railways.