Morgan invested in everything from Thomas Edison's electric company to railroads and steel companies to insurance firms. Child of Privilege Not all of the tycoons of the Gilded Age were rags-to-riches stories.
Biography[ edit ] Birthplace of Andrew Carnegie in DunfermlineScotland Andrew Carnegie was born to Margaret Morrison Carnegie and William Carnegie in Dunfermline, Scotland inin a typical weaver's cottage with only one main room, consisting of half the ground floor which was shared with the neighboring weaver's family.
Lauder's son, also named George Laudergrew up with Carnegie and would become his business partner. When Carnegie was thirteen, his father had fallen on very hard times as a handloom weaver; making matters worse, the country was in starvation. His mother helped support the family by assisting her brother a cobblerand by selling potted meats at her "sweetie shop", leaving her as the primary breadwinner.
Allegheny was rapidly populating in the s, growing from around 10, to 21, residents. The "Made in Allegheny" label used on these and other diversified products was becoming more and more popular.
Dealers were not interested in selling his product, and he himself struggled to sell it on his own. Carnegie's first job in was as a bobbin boychanging spools of thread in a cotton mill 12 hours a day, 6 days a week in a Pittsburgh cotton factory.
Soon after this Mr. John Hay, a fellow-Scotch manufacturer of bobbins in Allegheny City, needed a boy, and asked whether I would not go into his service.
I went, and received two dollars per week; but at first the work was even more irksome than the factory. I had to run a small steam-engine and to fire the boiler in the cellar of the bobbin factory.
It was too much for me. I found myself night after night, sitting up in bed trying the steam gauges, fearing at one time that the steam was too low and that the workers above would complain that they had not power enough, and at another time that the steam was too high and that the boiler might burst.
He was a very hard worker and would memorize all of the locations of Pittsburgh's businesses and the faces of important men. He made many connections this way. He also paid close attention to his work, and quickly learned to distinguish the differing sounds the incoming telegraph signals produced.
He developed the ability to translate signals by ear, without using the paper slip,  and within a year was promoted to operator.
Carnegie's education and passion for reading was given a great boost by Colonel James Anderson, who opened his personal library of volumes to working boys each Saturday night.
He was so grateful to Colonel Anderson for the use of his library that he "resolved, if ever wealth came to me, [to see to it] that other poor boys might receive opportunities similar to those for which we were indebted to the noble man".
Starting inwhen Carnegie was around 18 years old, Thomas A. Carnegie accepted this job with the railroad as he saw more prospects for career growth and experience with the railroad than with the telegraph company. Carnegie then hired his sixteen-year-old brother, Tom, to be his personal secretary and telegraph operator.
Not only did Carnegie hire his brother, but he also hired his cousin, Maria Hogan, who became the first female telegraph operator in the country. The railroads were the first big businesses in America, and the Pennsylvania was one of the largest of them all.
Carnegie learned much about management and cost control during these years, and from Scott in particular. Many of these were part of the corruption indulged in by Scott and the Pennsylvania's president, John Edgar Thomsonwhich consisted of inside trading in companies that the railroad did business with, or payoffs made by contracting parties "as part of a quid pro quo ".
Reinvesting his returns in such inside investments in railroad-related industries: Throughout his later career, he made use of his close connections to Thomson and Scott, as he established businesses that supplied rails and bridges to the railroad, offering the two men a stake in his enterprises.Port Manteaux churns out silly new words when you feed it an idea or two.
Enter a word (or two) above and you'll get back a bunch of portmanteaux created by jamming together words that are conceptually related to your inputs..
For example, enter "giraffe" and you'll get back words like "gazellephant" and "gorilldebeest". Port Manteaux churns out silly new words when you feed it an idea or two.
Enter a word (or two) above and you'll get back a bunch of portmanteaux created by jamming together words that are conceptually related to your inputs.. For example, enter "giraffe" and you'll get . MyGen web site Outlaw Geneology, Outlaw Lost Chords mp3, attheheels.com demonstrates the latest in deployment of Linux as a server.
Examples of SSL/Stronghold, Java, VRML, RealAudio and more. Come here for old and new Linux tools. アンドリュー・カーネギー（Andrew Carnegie [ˈændruː kɑːrˈneɪɡi] 、俗に [ˈkɑːrnᵻɡi, kɑːrˈnɛɡi] とも, 年 11月25日 - 年 8月11日）は、スコットランド生まれのアメリカの実業家。 崩れ行く橋を見て着想を得てカーネギー鉄鋼会社を創業し、成功を収めて「鋼鉄王」と称された。.
As a follow-up to Tuesday’s post about the majority-minority public schools in Oslo, the following brief account reports the latest statistics on the cultural enrichment of schools in Austria.
Vienna is the most fully enriched location, and seems to be in roughly the same situation as Oslo. Many thanks to Hermes for the translation from attheheels.com Captain Of Industry Or Robber Baron Captain of Industry or Robber Baron: J.P.
Morgan J.P. Morgan was a post-civil war “captain of industry,” separating him from the other “Greats” such as Cornelius Vanderbilt, John D. Rockefeller, and Andrew Carnegie because of his motives and his upbringing.