Thursday, September 5, 2019

Andrew Carnegie


Andres Carnegie 1835-1919 was born in Scotland and immigrated to the US in 1848, worked in a Cotton factory. In 1853 he joined the Pennsylvania Railroad and became Superintendent in Pittsburgh in 1859. He invested in steel, oil and railroads. In 1872, he built a steel mill. In 1889 he consolidated his steel plants. In 1901, he sold Carnegie Steel to JP Morgan for $480 million. 

The Sherman Antitrust Act had been passed in 1890. Terry Roosevelt became President in 1901 and broke up the railroads, steel and oil.

Norb Leahy, Dunwoody GA Tea Party Leader

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