Andrew Carnegie 2

Andrew Carnegie 2

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  • OIL= $$$
  • While working for the railroad, Carnegie made investments. He realized that his investments, especially those in oil, brought in substantial returns. He left the railroad in 1865 to focus on his other business interests, including the Keystone Bridge Company.
  • The next decade, Carnegie was dedicated to the steel building industry and opened up his business called Carnegie Steel Company. He was a very wealthy man, and he had everything he needed to be successful in his business. He later becomes known as one of "Americas Builders. In 1889 he had the largest company of its kind.
  • Some felt that the company's success came at the expense of its workers. The most notable case of this came in 1892. When the company tried to lower wages at a Carnegie Steel plant in Homestead, Pennsylvania, the employees objected. They refused to work, starting what has been called the Homestead Strike of 1892. The conflict between the workers and local managers turned violent.
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