Andrew Carnegie and Industry – a Brief Analysis

Andrew Carnegie is one of the most well regarded billionaires in history. Known for his incredible philanthropy, Andrew donated almost 80% or more of his wealth to institutions like libraries, hospitals, and universities. Carnegie had the belief that the worlds billionaires were responsible for bettering society. He made most of his wealth through the industrial revolution and development of the Steele industry in America. Carnegie built up a revolution during the time when development, factories, and progress were growing with unfathomable speed. The steel industry had a major impact on  a number of factors within the development of north America. Firstly, there were the railroads. Railroad development in the mid 1800’s allowed travel times to be cut greatly across the nation. Products and people could travel at a rate that was up to that point unforseen. This dramatically increase the occurrence of national and international commerce- no longer did we need to ship things via steam ships or coal powered tankers- things were dramatically increasing in terms of effective shipping and merchant related things. What most of these factory providers needed to remember was workplace safety, things like training for joint health and safety committees – part 1.

The railroads play a big part in the development of Canada’s west. Now, things could be shipped from asia to Vancouver before being transported across the country to Ontario and the rest of the country. This wasn’t an easy job. Making the railroads fit across the country was expensive and involved a number of organizations both private and public. The government was involved in funding national railways like the Canadian National Railway (CNR) while private railways like the Grand Trunk Railway competed. What ended up happening was that the explosion of railway companies created too many railways too quickly and things ended up being unused. Or at least many railways were not used as frequently as expected – as well not many of these factories implemented services in training for JHSC. So this overarching cost surplus in combination with the surplus of unused rails- Canada’s national economy was severely in debt. Now, not all factories were responsible for this- it was predominately the lack of planning between nationalized and privatized railway projects that lead to this problem.