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Andrew Carnegie and the Steel Industry

Published on Dec 15, 2015

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PRESENTATION OUTLINE

ANDREW CARNEGIE

AND THE STEEL INDUSTRY

Before, making steel was expensive, labor-intensive, and produced only small quantities

BESSEMER PROCESS

  • Invented in the mid-1850s
  • By English inventor Sir Henry Bessemer
  • Converts large amounts of iron ore into steel
  • Used hot air to burn out iron impurities
  • Other inventors improved on it

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VERTICAL INTEGRATION

  • Controlled all aspects of steel production
  • Avoided working with other companies
  • Increased his profits, ensured stability & quality
  • Gave suppliers/buyers no leverage
  • Achieved highest levels of steel efficiency

CARNEGIE'S CHILDHOOD

MANY JOBS, MOVING UP

HENRY CLAY FRICK

CARNEGIE'S ASSISTANT AND MANAGER

CARNEGIE'S STEEL COMPANY

CARNEGIE'S DONATIONS

MORE GENEROSITY

PROJECTS

CREATED BY CARNEGIE'S STEEL
Photo by Bonito Club

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