USA HISTORY

THE VIRGINIA DYNASTY 1801 1825

AMERICAN INDUSTRIALIZATION FACTORY SYSTEM AND MARKET REVOLUTION

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Scottish immigrant made his fortune in steelmaking, known for “Gospel of Wealth”
A
Andrew Carnegie
B
John D. Rockefeller
C
Samuel Gompers
D
Thomas Edison
Explanation: 

Detailed explanation-1: -Scottish-born Andrew Carnegie (1835-1919) was an American industrialist who amassed a fortune in the steel industry then became a major philanthropist. Carnegie worked in a Pittsburgh cotton factory as a boy before rising to the position of division superintendent of the Pennsylvania Railroad in 1859.

Detailed explanation-2: -Andrew Carnegie (1835-1919) was a Scottish immigrant who is remembered for his industrialist fortune and philanthrophy. Carnegie made his fortune through steel and railroad businesses. This photograph of Andrew Carnegie taken by Frances Benjamin Johnston (1864-1952) circa 1905.

Detailed explanation-3: -By age 30, Carnegie had amassed business interests in iron works, steamers on the Great Lakes, railroads, and oil wells. He was subsequently involved in steel production, and built the Carnegie Steel Corporation into the largest steel manufacturing company in the world.

Detailed explanation-4: -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. Carnegie was born in Dunfermline, Scotland, in 1835.

Detailed explanation-5: -"Wealth", more commonly known as “The Gospel of Wealth", is an article written by Andrew Carnegie in June of 1889 that describes the responsibility of philanthropy by the new upper class of self-made rich.

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