USA HISTORY

THE VIRGINIA DYNASTY 1801 1825

AMERICAN INDUSTRIALIZATION FACTORY SYSTEM AND MARKET REVOLUTION

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which man was known for making steel?
A
John D. Rockefeller
B
Andrew Carnegie
C
Henry Ford
D
JP Morgan
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: -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-3: -Andrew Carnegie became the undisputed king of steel in the 1800s. He crushed competitors backed by J.P. Morgan, Andrew Mellon and other captains of finance. Carnegie also reaped profits by investing in railroad-related firms, bridges and oil operations.

Detailed explanation-4: -Andrew Carnegie (1835-1919), founder of the Carnegie Steel Company, was born on November 25, 1835, in Dunfermline, Scotland, to William and Margaret (Morrison) Carnegie. His family immigrated to Western Pennsylvania and settled in Allegheny City in 1848, where Andrew worked as a bobbin boy in a cotton mill.

There is 1 question to complete.