Base All answers on the Video-The Men who Build America:
1.
Carnegie was one of the richest and most successful entrepreneurs of
his time, describe the success and failures faced by Andrew Carnegie.
2.What were some dilemmas Carnegie encountered in his road to success?
3. What made Andrew Carnegie an "Entrepreneur"?
4. Who were some other entrepreneurs who contributed to America in the late 1800's?
5. According to the textbook, Adam Smith came up with the Paradox of Value- How would Andrew Carnegie's steel have a direct correlation to this Paradox?
1. Andrew Carnegie's Success started out when he worked for the train company, and soon elevated to the steel company. His success in the steal business is the reason why we have tall buildings in the city and strong bridges to cross. Not only that but steel is used in a lot more things now then you think, and you can thank Andrew for that and making stronger structures. His failures were pretty much some bad experimenting with structures, bad partnerships, or not being able to pay off his debt for a short period of time while he was trying to build the bridge that connects east and west and was another success for Carnegie.
ReplyDelete2. Some dilemmas Carnegie encountered in his road to success are, like mentioned above bad partnerships, running out of money, trying to figure out if the structure will be strong, sometimes money would not come in, and that led to the homestead strike, because he tried to lower wages with his partner Frick.
3. Andrew Carnegie was an Entrepreneur because he turned to the steel industry which made small items like eating utensils and built a bridge out of steel. Which then eventually people made buildings out of steel and a lot of other structures. So he invested in the steal company and took it to a bigger level, is the reason why he is an entrepreneur.
4. Some other Entrepreneurs that contributed to America in the late 1800s are, John Rockefeller, Henry Frick was a partner of Andrew Carnegie, and Thomas Edison.
5. Well technically we don't need steel to survive and it is expensive, where as other things needed to survive are cheap, but steel is needed in order to make structures more durable and make life easier.
1.Andrew Carnegie's success is all around us today. Carnegie's successful steel business gave us many buildings and bridges. He built a bridge out of steel that would go from east to west across the Mississippi which would be the biggest bridge built. However, with that success came failure. He soon went into dept and could not finish paying for the bridge.
ReplyDelete2.Some dilemmas Carnegie faced were running out of money, figuring out how to build the bridge, and most drastic the death of his chair man Henry Clay Frick.
3.Andrew Carnegie was an entrepreneur because he took a risk with the steel business, he invested his money into it with out a garentee he would make money from it and everything would work out.
4. Entrepreneurs that helped contribute to America in the late 1800 are Henry Ford, John Rockefeller, and Cornelius Vanderbilt.
5. Steal is expensive and not needed in order to live, but we do need it to build things like bridges and buildings.
1. Andrew Carnegie was one of the most successful businessmen and most recognized philanthropists in history. His entrepreneurial ventures in America's steel industry earned him millions. His failures was not being able to finish the bridge he started to build going across the coast.
ReplyDelete2. Dilemmas of Carnegie would be not having enough money to finish things he has started, the bridge is an example.
3. Andrew is known as an entrepreneur because he became a powerful businessman and a leading force in the American steel industry.
4. Some other Entrepreneurs were Andrew Jackson Beard, John D Rockefeller and Henry Ford.
5. Steel helps us in our everyday lives, we do not need it. It is rather expensive but has its advantages
1. There are a few successes and failures of Andrew Carnegie. His successes were finding a quicker way to create steel, creating the bridge with all odds against him, and having his steel used for railroads and sky scrapers. His failures were going into serious debt and being behind on the building of the bridge because of the price of the steel, and when railroads weren't too successful with the steel.
ReplyDelete2. Two dilemmas he encountered were the bridge being behind schedule of being finished and the price of it and having to seek investors to help him, and when his mentor died.
3. He was an entrepreneur because he was self made and took something like steel (which was used for jewelry and silverware) and decided to use it to create bridges and other things because it was stronger.
4. Other entrepreneurs who contributed to America in the late 1800's besides Carnegie were Ford, Rockefeller and JP Morgan.
5. Andrew Carnegie's steel had a direct correlation to the paradox of value because the steel cost more money but was not a necessity. Iron was used, wasn't strong enough but still was used for building things. Steel was used for silverware and jewelry only, at that time. Not a real necessity but the value was high.
1)Carnegie was one of the richest and most successful entrepreneurs of his time. One of Andrew Carnegie's successes was that he built the first steel bridge. He later opened up a steel factory that produced steel for railroads. One of his failures was that he owed money and that he didn't have enough money to produce the amount of steel needed for railroad orders.
ReplyDelete2)Some dilemmas Carnegie encountered on his road to success were the process of building the bridge. It was one of the largest bridges and had to have the proper support. He was running out of money and the bridge was behind schedule.
3)Andrew Carnegie is an entrepreneur because he is a risk taker. He risked his savings and put all his money into his bridge. He did something new with existing resources (steel), and made the first bridge out of steel and later opened his own steel plant.
4)Some other entrepreneurs who contributed to America in the late 1800's were Rockefeller, Vanderbilt, J.P. Morgan, and Ford.
5)Andrew Carnegie's steel has a direct correlation to Paradox of Value because steel, a non-necessity, has a higher monetary value than any other necessity such as food or water.
1. Andrew Carnegie built the first bridge made out of steel to cross the Mississippi river. After seeing the success of the bridge, he opened up a steel mill to meet the increasing demand of steel for the railroad tracks. His biggest failures were due to his debt.
ReplyDelete2. A dilemma that Carnegie faced on his road to success was the debt that he accumulated while trying to find investors to raise money to build the bridge.
3. Carnegie was an entrepreneur because he took a huge risk by investing everything he had into the bridge. it was also the first time anyone had ever attempted to build a bridge made of steel.
4. Some other entrepreneurs that helped contribute to America in the late 1800 are Henry Ford, John Rockefeller, and Cornelius Vanderbilt.
5. Steel is more valuable than necessities such as food and water.
Dennis Nee
ReplyDeleteCarnegie was one of the best entrepreneurs of all time. His big sucees came owning the steel industry. He was the first to build a steel deck bridge.
Some of his dilemas were that steel was very exspenive to make. At a point he was spending more money on the bridge then he was making. The bridsge was behind schedule.
Carnegie is a risk taker. He spent all of his money on one project not knowing if it was going to work or not. The whole project could have been a fail and could have wasted all of his money.
Rockefeller, Vanderbuilt and Ford
Carnegies steel industry goes along with the paradox of vaule because eventually everyone wanted to use steel to create products. Since there was a large demand for steel he was able to make more money and produce more steel.
1. Some of the successes of Andrew Carnegie was his steel business which is now used in this modern day for many of things for example, bridges, skyscrapers and railroads. One of his failures was going into debt because he owed money to produce more steel.
ReplyDelete2. Some dilemmas Carnegie encountered in his road to success was not having enough money to finish building the bridge and having his mentor die.
3. The steel production made Andrew Carnegie an entrepeneur.
4. Some other entrepreneurs who contributed to America in the late 1800's were Ford, Rockefeller and J.P. Morgan
5. Andrew Carnegie's steel have a direct correlation to the paradox of value because we do not need steel in order to survive.
CONNOR SMITH
ReplyDeleteCarnegie's big sucsess was the big mass production of steel. He didnt sart the steel industry but he was the one that started to mass produce it like building sky scrapers and bridges some failures he faced was debt.
Carnegie face debt problems.
he started out poor an had develpoed a mass produce of steel.
Carnegies steel industry is that steel was more expensive then things we need for living food water etc.
other entrepuners are rokafeller vanderbelt and ford
1 Andrew Carnegie biggest successful achievement was mass producing steel. This made steel affordable allowing for sky scrapers to be build and bridges to be form through steel. Carnegie failures were the debt problems he dealt with while building railroads.
ReplyDelete2 Some dilemmas Carnegie encountered in his road to success were mentor died while facing debt problems.
3 The mass production of steel made Andrew Carnegie an entrepreneur.
4 Some other entrepreneurs that contributed to America in the late 1800's were Ford,Rockefeller, Vanderbuilt ,and J.P. Morgan.
5 Carnegie's steel cost more than food and water which everybody needs in order to survive.
1) The successes Andrew Carnegie had was he was able to build a bridge across the Mississippi river, but they broke a couple of times. This lead Carnegie to begin another one of his successes which was mass producing steel.
ReplyDelete2)A dilemma that Carnegie faced was while building the bridge with steel, he ran into problems with debt.
3)Andrew Carnegie is an entrepreneur because he was a risk taker, for example he but all his money into the steel bridge he was making which lead him to debt problems.
4)Other entrepreneurs taht contributed were J.P morgan, Vanderbuilt,Ford ,and Rockafeller.
5)Andrew Carnegies steel was not a necessity like food and other necessities but they costed a lot more.
1. Carnegie's biggest success was his bridge he built over the mississippi. He almost was not able to complete it because he did not have the money.
ReplyDelete2. Carnegie faced dilemmas in gaining money in his steel industry. He was tied into the bridge he built as well, and needed to finish it somehow.
3. He became and entrepreneur through basically creating the steel industry in building skyscrapers. Carnegie steel was used to build countless buildings in New York and Chicago.
4. Another prominent entrepreneurs of his time was John D. Rockefeller. He worked in a similar industry to Carnegie.
5. Carnegie steel industry exploded once buildings were being created very rapidly. The demand for steel then became greater and the value skyrocketed. Carnegie of course made massive profits.
Andrew Mc Keon
ReplyDelete1.Andrew Carnegie as a kid grew up working for a railroad. As a young man he became the first person to build a bridge using steel to go across the Mississippi River. He almost never got the chance though because he wasn't able to get enough money.
2.Andrew Carnegie started a new very risky business just as a recession hit the country.
3.He took many risks and was always seemed to be ahead of the curve.
4.Henry Ford,John Rockefeller,Wright Brothers.
5.Steel is rare but not necessary for survival.Water is not rare but is necessary for survival.
Shniece Archer
ReplyDelete1. Andrew Carnegie is what an entrepeanur represents. He was a successful man because of the businesses he created. He was the first man to make it big in the steel business.
2. Andrew decided to start a business to bring success. His downfall was not being able to accomplish all the things he started.
3. To be an entrepeanur Andrew Carnegie had to take risks an convince people that his plans and methods would work and make sense. Also he made a lot of money off of something he created.
4. In 1880 Henry Ford,John Rockefeller,Wright Brothers helped add to being a succesful entrepeanur.
5. Andrew's steel can connect because his idea's were not a need but just a want.
1) Carnegie's biggest success was his bridge he built over the mississippi. his lead Carnegie to begin another one of his successes which was mass producing steel.
ReplyDelete2) Some dilemmas Andrew Carnegie faced was figuring out how to build the bridge and when he started to runout of money.
3) Andrew Carnegie was an entrepreneur because he took a risk with the steel business and made a lot of money off of something he created.
4) Some other Entrepreneurs were Andrew Jackson Beard, John D Rockefeller and Henry Ford.
5) Andrew Carnegie's steel has a direct correlation to Paradox of Value because steel which has a higher monetary value than any other needs likes food, shelter and water.
1. Andrew Carnegie was very successful. He built the first steel bridge and was successful in the the steel and railroad businesses. He took everyday resources and made things better, stronger and easier by using them in new and different ways and because of that made millions and helped in today's world. Some of his failures came from the lack of money and resources. He lacked time and good help from others. The biggest contributor however was his curiosity, without the resources and was not able to finish projects.
ReplyDelete2. Some dilemmas Carnegie faced, were building and planning this bridge, with the price being high and his money being low. He didn't have enough resources to help plan and build. This happened because of the recession and his business was not doing well.
3. Andrew Carnegie was a Entrepreneur because he ventured into different businesses and took risks trying to make money every way he could, with his steel business and his railroad business, and took things to a whole other level, like he did with steel and being able to use it in more ways like the bridge.
4. Some other Entrepreneurs in the late 1800s who contributed to America were Henry Ford, John Rockefeller and Cornelius Vanderbuilt.
5. Andrew Carnegie's steel has a direct correlation the Paradox of Value because he made steel useful in many new and better ways and the value of steel increased big time. Steel is not the cheapest way, but it is the better way. It isn't a necessity and that is why it has a higher value.
1. Some of the successes of Andrew Carnegie was his steel business which is now used in this modern day for many of things for example, bridges, skyscrapers and railroads. One of his failures was going into debt because he owed money to produce more steel.
ReplyDelete2. Some dilemmas Carnegie encountered in his road to success was not having enough money to finish building the bridge and having his mentor die.
3. The steel production made Andrew Carnegie an entrepeneur.
4. Some other entrepreneurs who contributed to America in the late 1800's were Ford, Rockefeller and J.P. Morgan
5. Andrew Carnegie's steel have a direct correlation to the paradox of value because we do not need steel in order to survive.
1.Andrew Carnegie helped build the formidable American steel industry, a process that turned a poor young man into one of the richest entrepreneurs of his age. Later in his life, Carnegie sold his steel business and systematically gave his collected fortune away to cultural, educational and scientific institutions for "the improvement of mankind."
ReplyDelete2.Some dilemmas Carnegie encountered in his road to success are, like mentioned above bad partnerships, running out of money, trying to figure out if the structure will be strong, sometimes money would not come in, and that led to the homestead strike, because he tried to lower wages with his partner Frick.
3.What made Andrew an entrepreneur was that he created his own resource and became wealthy off of what he created.
4. Some other entrepreneurs of the 1800's were Alexander Bell, John D. Rockefeller, Vanderbilt, J.P. Morgan, and Thomas Edison.
5.Andrew Carnegies steel would have a connection to this because Carnegie used steel to invent many things and he really used it to his advantage
1. Andrew Carnegie helped build the formidable American steel industry. He was an entrepreneur that built a bridge over the Mississipi river made out of steel. His only failures occured when he did not finish his projects because of the high prices and low amount of money he had which put him into debt.
ReplyDelete2. Some problems that he faced while he was on the road to success was his bad choice in partnerships, figuring out how to make the stucture of a building, not having enough money and doing all of this while his country was going through a recession.
3. Andrew Carnegie would be considered an entrepreneur because he took a risk in investing in the steel industry. He was a poor boy that turned the use of steel from being used for everyday small products into being used for the use of buildings, bridges and even skyscrapers.
4. Different Entrepreneurs aside from Andrew in the late 1800s who benefited America were Henry Ford, John Rockefeller Cornelius Vanderbuilt, and J.P Morgan.
5. Steel is an expensive product and is not needed for survival. Other products thatare needed in order to survive like food, water and cloths have less value and are not nearly as exspensive.
1. In 1864, he bought Storey farm on Oil Creek PA which produced a lot of Oil.
ReplyDeleteIn 1873, He started the Keystone Bridge Company and concentrated on Steel production.
By 1888, he controlled an extensive plant operations.
Andrew Carnegie's involvement in the union-breaking action left many men dead or wounded and forever tarnished Carnegie's reputation as a benevolent employer and a champion of labor.
2. Some dilemmas Carnegie encountered in his road to success were money problems. He did not have much of it and it owned many people money. He also was not finishing the bridge as fast as he thought it would be.
3. Andrew Carnegie was the pioneering tycoon of the "Age of Steel". He was a major catalyst in the transformation into the Industrial Revolution producing the steel to make machinery and transportation possible. While working for the railroad, Carnegie began making investments. He made many wise choices and found 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.
4. Other entrepreneurs in the 1800s were John Rockefeller, Henry Ford, and Cornelius Vanderbilt.
5. Andrew Carnegie's steel have a direct correlation to this Paradox because it was needed. He revolutionized the steel industry because no one had ever thought of using steel for bridges and railroads.
Alyssa Linley
ReplyDelete1.The success and failures Andrew Carnegie faced was lack of money in the building of the railroad , and the completion of the railroad.
2. Some dilemmas that Carnegie encountered in his road to success was the rack of money and being able to pay back loans, due to lack of money the railroad then took longer to build.
3. Andrew Carnegie is considered a "Entrepreneur" because he was willing to take risk , such as investing everything he had in to to the railroad.
4. Another entrepreneurs who contributed to America in the late 1800's John D. Rockefeller, who organized the Standard Oil Company in 1870.
5. Andrew Carnegie's steel has a direct correlation to this Paradox because scarcity is necessary for something to have value. Steel is hard to produce and is very scarce.
1) The success and failures of Carnegie were low amounts of money to use to build the railroad and the completion of building the railroad.
ReplyDelete2) Some dilemmas he faced in his road to success were having no money and not being able to pay back loans because of it.
3)Andrew Carnegie is considered a Entrepreneur because he was willing to take risks.
4) Another entrepreneur was Rockefeller, he organized the standard Oil company in 1870.
5)Carnegie's steel has a direct correlation to this paradox because scarcity is necessary for something to have value.