This paper is a chapter by chapter review of Harold Livesay's biography "Andrew Carnegie and the Rise of Big Business", which traces Carnegie's rise to become the first billionaire of the twentieth century.
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Paper Summary:
This paper explains that Harold Livesay's "Andrew Carnegie and the Rise of Big Business" thoughtfully traces Carnegie's life from his impoverished immigrant childhood through his ruthless business career, to his becoming the wealthiest man in the world and a noted philanthropist. The author points out that the reader learns of Carnegie's alliance with Rockefeller, Carnegie's massive contribution to the success of the steel industry and his final triumph over his competitors and rivals. The paper presents Carnegie as being hard working, daring, forceful with the ability to master the details of a business very quickly, to make decisions and follow through and to pick gifted associates who reflected his style of management.
From the Paper:
"The following chapters (two through five) of Livesay's book delineate Carnegie's apprenticeships, first as a manager, then as a financier, before becoming a "master moneyman." In his early teens, Carnegie worked menial jobs, but was bright and an avid learner, so at the age of seventeen, Tom Scott of the Pennsylvania Railroad hired him as a personal telegrapher and secretary. Carnegie was soon was awarded with greater and greater responsibilities, and by the time he was twenty, he was helping Scott perfect the complicated cost accounting system that Scott devised."
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