Andrew Carnegie as best known as the owner of one of the largest Steel companies in America.
Further Explanation:
Andrew Carnegie was a industrialist and a leading Philanthropist of United States. He was the one behind expansion of American Steel Industry which came in late 19th century and he was also one of the Richest Americans in the history. He also believed in doing charity and because of that it is estimated that he gave around 350 million dollars as charity in his last 18 years of life. That was almost 90% of what he earned. He was the owner of Pittsburgh steel company and in 1901, he sold this company to J.P Morgan for 303,450,000 dollars and which this deal and after getting this much of amount, he became richest American of that era surpassing John D. Rockefeller and he remained as richest person of America for several years after that. All the fortune that Carnegie earned came from steel Industry as he used to control most expensive steel operations in United States. His one major innovation among many was adaptation of Bessemer Process. This process allowed high carbon content of Iron Pig which was burnt away in a rapid but controlled manner and as a result of this, the prices of steel dropped.
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Answer Details:
Grade: High School
Subject: History
Chapter: Andrew Carnegie
Keywords: Andrew Carnegie, Steel Industry, United States, Iron Pig, Innovation, Bessemer Process, Adaptation, Steel Prices, Richest American.
