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?
-Alex Kaufman
ReplyDelete1. Carnegie established great pension funds to Homestead workers; financed the building of the Temple of the Peace in the Netherlands; and he was a major figure in the steel industry. He didn't treat his workers that well because he did whatever it took to achieve profits. Carnegie did not favor labor unions.
2. Some dilemmas Carnegie encountered in his road to success were the rise of competition in business, a struggle to obtain world peace, the Johnstown Flood, and the Homestead Strike.
3. The fact that Andrew Carnegie was a risk-taker and took advantage of the resources he had access to gave him the title of an "Entrepreneur."
4. Some other entrepreneurs who contributed to America in the late 1800's were: John D. Rockefeller, Cornelius Vanderbilt, and John Jacob Astor.
5. Carnegie revolutionized the steel industry and the machinery he used was based on everyday resources. "He made something out of nothing..."
1. the success and failures of Carnegie was that he had a bit of a hiccup with finding enough money to fund his bridge that was ahead of the times technology. but his accomplishments shined much greater he opened up the steel industry and didn't give up his search to fund his bridge.
ReplyDelete2.some dilemmas he encountered on his way to success was the competition because there was such a great amount of men trying to make it big and they were all very intelligent.
3. since Carnegie was a risk taker and took every opportunity he could get his hands on helped him out greatly because once he saw what he wanted he went after it and almost always got it.
4.John D. Rockefeller, Henry Ford, Andrew Carnegie, and Cornellius Vanderbuilt.
5.he made the steel industry and opened up the doors to use it in ways that no one could have imagined because no one else saw the bigger picture and believed that nothing was impossible.
1.Some of the success and failures that were faced by Andrew Carnegie are he was successful at building a steel bridge along the Mississippi River and he dominated the steel industry. Some failures in which he had faced was that while building the bridge Andrew Carnegie had run into over budget and months past its deadline.
ReplyDelete2.Some dilemmas Carnegie had uncounted in his road to success was that he ran out of money while making his railroad out of steel and had to stop construction for a while.
3. Andrew Carnegie was an Entrepreneur because he was a risk taker which made him able to find different opportunity in order to achieve his success.
4. Some of the other entrepreneurs who had contributed to American in the late 1800s are Vanderbilt, Rockefeller, Morgan, Frick, and Ford
5. Andrew Carnegie’s steel would have direct correlation to this paradox by steel would be something that is not need in order to survive which would give it a higher value.
1. Andrew Carnegie's success was being able to build the steel bridge across the river and be the first to successfully accomplish this. A failure would be that he couldn't complete it in multiple deadlines and went over budget to help create the bridge.
ReplyDelete2. The dilemma that Carnegie had to fight through was that he had to go over budget and borrow money to even beable to finish the bridge. Many didn't think he'd be able to, and he did in four years. Because of him needing to borrow money cause of the state of the budget, he had to stop construction for a period of time.
3. Carnegie, like other successful entrepreneurs is given this title because he took all his money that he had in his name at one point & invested it all into what became a global empire in the economy and helped him become extremely wealthy and changed modern America.
4. Names of other American entrepreneurs that contributed to change in America for the better are Frick, Ford, Morgan, Vanderbilt & Rockefeller.
5. Carnegie took steel a d used it to help create this bridge across the river which was never accomplished and successful by anyone else. This made the value of steel rise
1.Carnegie has success in investing in his steel product line by making it faster and more efficient to produce, however failures such as lack of funding and being in debt to bills came during the construction of his steel bridge
ReplyDelete2. Carnegie faced setbacks on his estimated finish time for his bridge building, which ended up resulting in backed up payments that weren't made, which only added to an enormous over budget bill that kept growing until his finish of the bridge
3. Carnegie had been entrepreneur because of his establishing of his steel product line which made production much faster, this along with his construction made for a very profitable business which would give him the title of being an entrepreneur
4. Andrew Carnegie's steel would have a direct correlation to the paradox being it wasnt an essential product, but it had been long lasting as opposed to most other materials, this unnecessary but efficient product line serves as a great example of unneeded material being more expensive than essentials
1. Carnegie was a successful entrepreneur of his time. He had a lot of great ideas towards his steel bridge idea. He did not treat his workers well and did whatever he wanted too.
ReplyDelete2. Some dilemmas were that not enough steel was being produced. He needed a lot and only a little was being made at the time.
3. Andrew Carnegie was an entrepreneur because he took risks and took whatever opportunities he had.
4. Some other entrepreneurs who contributed to America in the late 1800's were Cornellius Vanderbuilt, John D. Rockefeller and Henry Ford.
5. He took a resource he had and made it useful into something that can help other people.
1.) Andrew Carnegie was a pioneer and like many of these early American forerunners he experienced a spike in success but along side of failure. Yes, he was a success in creating and controlling most of the steel industry by buying into his own plant and selling his steel to construction companies to build skyscrapers. He is also noted for building the first bridge across the Mississippi river. But he was unfair to his workers and spent his money too freely, in gambling it away on projects that he wasn't even sure would work.
ReplyDelete2.) Carnegie faced some dilemmas such as Rockefeller himself, the decline of the railroad industry and then death of his long time childhood mentor Joe Thomas.
3.) Carnegie really became an entrepreneur primarily because of the bomb of the steel industry and his huge gamble on whether of not his steel manufacturing company would take off.
4.) Other entrepreneurs are Henry Ford in the auto manufacturing business and also John D. Rockefeller who was the oil monopolizer.
5.) Carnegie's steel industry was a need all over the country. Steel opened up so many new opportunities for construction, and Carnegie took advantage of is by creating the resource that became a need and that some people couldn't get their hands on.
1. The successes of Andrew Carnegie was that he was able to build the first bridge out of steel and was a successful entrepreneur. Failures of Andrew Carnegie was he was in debt from all the materials and supplies he was purchasing for the creation the bridge.
ReplyDelete2. Andrew Carnegie faced the dilemma of not being able to finish building his bridge
3. What made Andrew Carnegie a entrepreneur was because no one was really interested or knew what steel was so he took a chance in using steel and was very successful
4. Other entrepreneurs were John D. Rockefeller with oil, Henry Ford with the first automobile and J. P. Morgan
5. Andrew Carnegie used paradox of value because he used steel when no one else did and it created a gold mine for him because it was useful for the people
1. andrew carnegie was successful in the sense that he was an entrepreneur who controlled most of the steel industry. he built the first bridge out of steel but then he failed because he put himself into debt when building it.
ReplyDelete2. carnegie was in debt to many different people because of the bridge that he fell behind in building.
3. carnegie was an entrepreneur because he risked a lot when he went into steel. there wasnt usually a lot of steel at one time.
4. some other entrepreneurs in the 1800s were john d rockerfeller, j.p. morgan, and cornelious vanderbilt.
5. carnegie invented things with steel and used it ways people havent thought out of yet, but he did not have enough steel to finish up the bridge.
1) Andrew Carnegie was successful in building the first steel bridge over the Mississippi River, connecting the east and the west. His failures included being in debt, because he didn't have enough money to pay for the bridge.
ReplyDelete2) Carnegie's dilemma included going into debt after not having enough money for the steel bridge.
3) He was an entrepreneur because he thought of the idea to use steel for the bridge, and no one else thought of it.
4) Some entrepreneurs that contributed to America in the late 1800s are John D. Rockefeller, Cornelius Vanderbilt, and Henry Ford.
5)His steel was needed all over the country and no one had ever thought of using steel before he did.
1) Andrew Carnegie became a very wealthy, successful businessman. His steel company revolutionized steel production in America. He built a bridge over the Mississippi River which connected the east to the west, and he built the bridge out of steel. That success was a big part of how he is remembered. However, he also dealt with some failure. While building the bridge, the price of materials and supplies of building put him in debt.
ReplyDelete2) When Carnegie was building the bridge, production stopped for awhile because of the debt he found himself in. He went over budget to build the bridge. Another dilemma he faced was the death of his friend and mentor Thomas Scott.
3) Andrew Carnegie was an entrepreneur because he took risks and invested his money into building the bridge out of steel.
4) Some other entrepreneurs that contributed to America in the late 1800s are John D. Rockefeller, Henry Ford and Cornelius Vanderbilt.
5) Andrew Carnegie's steel has a direct correlation to the paradox of value because by using steel to build the bridge over the Mississippi when other things weren't working opened up all new opportunities for future entrepreneurs. His idea and his work changed America.
1. Carnegie was a very rich entrepreneur who highly impacted lives today. He was highly successful in investing in the steel industry and being able to build a bridge. Although Carnegie was successful, he had flaws as well. He found himself in debt after a while because of the production of steel.
ReplyDelete2. One of Carnegie's dilemmas was that he began to not have enough money for the steel being produced, which later made him go into debt. Also, lots of competition grew in the steel industry.
3. What made Andrew Carnegie an entrepreneur was that he took a risk in the steel industry, not knowing what would happen. Fortunetly, it was a success and helped him become what he is known for today.
4. Other entrepreneurs who contributed to America in the late 1800's were Henry Ford, Rockefeller, and J.P Morgan.
5. Andrew Carnegie took a resource that wasn't well known to help society. Once he invested in the steel industry, others discovered that steel was important and would open many doors for production and business.
1) Andrew Carnegie success was that he was one to lead an enormous expansion in the American Steel Industry. He was able to build a bridge that went east to west and during the making he was able to balance out his debt that he went into while creating the bridge.
ReplyDelete2) Some dilemmas that Andre Carnegie faced was that he had to keep borrowing money from people and the amount of steel production was slow and not enough was made fast enough.
3) Andrew Carnegie is an entrepreneur because he took his own money and was willing to put it at risk of loosing it all even when he didn't know the outcome.
4)Some famous entrepreneurs that were also famous in the 1800s would have to be like Henry Ford, John d. Rockefeller and Cornelius Vanderbilt.
5) The need for steel was so important because people needed it to make changes and to make things stronger to last. His invention of steel changed america for the better.
1. Carnegie was one of the most successful entrepreneurs of his time. His success came from building a steel bridge across the Mississippi River to connect the US together.
ReplyDelete2. After Carnegie's production of the bridge he went into debt because he kept on borrowing money from other people.
3. The risk of building a steel bridge made him an entrepreneur. It was a risk that could of ruined his reputation.
4. Some famous entrepreneurs were Rockefeller, Ford, & Vanderbilt.
5. He made steel more useful for production and industries
1) A success of Andrew Carnegie was that built the first steal bridge over the Mississippi River but in producing the steal for the bridge he went into debt.
ReplyDelete2) Some dilemmas Carnegie encountered in his road to success included debt, competition, and having to borrow money.
3) Andrew Carnegie was an "Entrepreneur" because he organized and operated his own business while taking a financial risk.
4) Some other entrepreneurs who contributed to America in the late 1800's John D. Rockefeller, Henry Ford, Cornelius Vanderbilt, and JP Morgan.
5) Andrew Carnegie's steel had a direct correlation to the Paradox of Value because steel was in demand from all sorts of businesses, making it expensive, even though it wasn't a necessity.
1. Andrew Carnegie was a very successful man. He put a lot of thought and effort into his work, and it certainly paid off. His largest success, was the big bridge that he had built across the Mississipp River, this was made of steel. The failure part that he had faced, was that he had so many requests to build things, that at one point he ran out of steel and needed to come up with something to satisfy the customers.
ReplyDelete2. Some dilemmas Carnegie encountered in his road to success, was that he needed to get the people to not be scared to cross the bridge, so he used an elephant to walk across with them. He also had a lot of requests for jobs to build things, but did not have enough steel.
3. Andrew Carnegie was known as an "entrepreneur" because he used his brain to the best of his abilities and came up with the ideas to build his products with steal rather then being the same as all the other architects that would be using wood.
4. Some other entrepreneurs who contributed to America in the late 1800s, were John D. Rockefeller, Henry Ford and Vanderbuilt. These men all affected America in a positive way that is still useful to this day.
5. Carnegie's steel has a direct correlation to the paradox of Adam Smith's because he thought that having a bridge built of steel was necessary, no matter the price of it.
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. 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.Carnegie faced some problems such as delemas on building the bridge and running out of money.
3.Andrew Carnegie was an entrepreneur because he took a risk with the steel business.
4.Steal is expensive and not needed in order to live, but we do need it to build things like bridges and buildings.
1. Carnegie was a very rich man that was an entrepreneur in the steel industry. He built a steel bridge over the Mississippi River that connected the United States together. His failures included going into debt from the materials needed to build the bridge.
ReplyDelete2. Some dilemmas Carnegie faced were having to borrow money from people and steel production not being fast enough to meet the demands.
3. Andrew Carnegie is considered an entrepreneur because he took risks and took advantage of the resources he had.
4. Some other entrepreneurs of the late 1800s were John D. Rockefeller, Cornelius Vanderbilt, Henry Ford and JP Morgan.
5. Andrew Carnegie's steel has a direct correlation with the paradox of value because it is unnecessary to human life and is therefore more expensive.
1. Despite Carnegie's lack of funding for his bridge across the Mississippi, he persevered and obtained financial stability through advertising the bridge's structure being made of steel and how steel was the material of the future. He accomplishes the bridge's completion.
ReplyDelete2. Dilemmas faced by Carnegie were; financial instability while building his bridge, and finding first a material strong enough to withstand the River's current and the overpassing traffic's weight.
3. What made Carnegie an entrepreneur was his risky nature and his ability to make do with the resources he had available to him.
4. Other entrepreneurs of the time were; John Rockefeller, and Henry Ford of the assembly line.
5. Carnegie's steel industry had a direct correlation with the paradox of value because steel was WANTED therefore was in higher demand and had a higher price than anything that was NEEDED for survival.
- Matt Treppiedi
1. Success for Carnegie was he built the mississippi river and failure was he went into debt
ReplyDelete2. Some of carnegies dilemmas was he went into financial instability
3. Thomas Scott was an influence for Carnegie to be an entrepenur
4. Other entrepreneurs were Rockefeller, Vanderbilt, Ford
5. The steel industry can be connected to the paradox of value because the people didn't need the bridge so it was more expensive
Simone Lewis
ReplyDelete1. Some of the successes that Carnegie had was building railroads and during the civil war he invented the sleeping car for first class travel. Some of his failures were that he didnt have enough money.
2. Some of the dilemmas was that he couldnt financially stay out of debt.
3. Carnegie was an entrepenur because he was a rish taker into building railroads not knowing if its going to be successful and it was.
4. Some of the other entrepreneurs were Rockefeller, Ford, and Vanderbuilt.
5. the steel industry was beneficial, steel was needed. it helped with transportation
1. carnegie ahd many sucess and failures. a sucees he had was that he mad railroads and bridges but the failure he had was that he was dealing with debt
ReplyDelete2. some of the dilemmas he face during his road to sucess was competition among other bussinesses
3. Carnegie was an entreprenuer because he took many risks and was a risk taker in his life
4. Other entrepreneurs were Rockefeller, Ford and Vanderbuilt
5. He took the steel and made it useful so that everybody can use it.
Andrew Carnagie was a famous entreapenuer. He had alot of sucess and failures. Forexample , one success he had was building the bridge that connected the east to the west. One failure he had was that he was in alot of debt.
ReplyDelete2.Some dilemmas he faced was competition among other buisnesses, his mentor had passed away and he was in alot of debt.
3. Carnegie was an entrepenuer because he was took alot of risk trying to succeed.
4.Other entrepenuers were Rockefeller and vanderbuilt.
5.He took the steel so that everybody can use it.
Alexandra Samosiuk
ReplyDelete1. Carnegie was an entrepreneur in the steel industry. Although his lack of funding for the bridge he built across the Mississippi River, he slowly got out of debt and finished building the bridge. He assured everyone that the bridge truly was stable and by gaining the trust of others, he became wealthier when everyone began to use it.
2. Some dilemmas that Carnegie faced were finical instability, when he was borrowing money from others and couldn’t pay them back. Also the slow rate of production. It took over two years to build and the steel production was not fast enough.
3. Andrew Carnegie was considered an entrepreneur because he took a risk by building a steel bridge, which was never attempted before, and by taking advantage of the resources he had.
4. Other entrepreneurs from the late 1800s were Vanderbilt, Rockefeller, and Henry Ford.
5. Andrew Carnegie's steel had a direct correlation with the paradox of value because steel was wanted which meant that it had a higher value and higher demand rather than needed.
1. Carnegie represents an entrepreneur. His biggest success was his steel business. Some challenges he faced through out his success was staying out of debt
ReplyDelete2. Some dilemmas he faced through out the process was running out of money for his inventions.
3. Andrew Carnegie is known as an entrepreneur because he had an idea for a steel business and he took a risk to make his idea successful.
4. Some other entrepreneurs who contributed to America in the late 1800's were Rockefeller, Ford, and Vanderbilt.
5. The steel Carnegie was using was not an everyday necessity, yet it had a higher value than typical necessities such as food and water. This is how Carnegie's steel had a direct correlation to the Paradox of Value.
Alyssa Raldirez
ReplyDelete1.Carnegie was most successful entrepreneurs of his time but with that came failures and success. One of his succes was building the stell brige. His failures was it took him longer when what he want and he was way over his budget.
2. Carnegies dilemma to his road to being success was how long it took him to build the brige.
3. Andrew Carnegie was a entrepreneur because he stared with nothing and he was able to make wise decides which leaded him to be successful.
4. Other entrepreneurs who contributed to American in the late 1800's were John Rockefeller, Vanderbilt . Ford
5.Andrew Carnegie steel would have a direct correlation this paradox because steel is need for many important bridges and many more ways of transportation.
1. - World's greatest philanthropist
ReplyDelete- After 1873 he buildt a steel empire that by the turn of the century produced more steel than all of Great Britain.
- When he retired in 1901 he used his fortune to build public libraries, and esablish a # of foundations as well as educational and research institutions.
2. Carneie's main dilemma was the one in which he had to deicde to build a bridge. He knew it would take a lot of money and time. So the question was would it be worth it.
3. The definition of an entreprenuer is a person who organizes and operates a business or businesses, taking on financial risk to do so. This is exacly what he did by inveting all ofhis money to start his own business.
4. !800
entreprnuers were Carnegie, Rockefeller, Ford, Vanderbuilt.
5. Carnegie's steel has direct corrolation with the paradox of value because steel is a very expensive item. Was it worth is to use such an expensive item to build an entire bridge?
1.Carnegie's greatest success also brought his failures. Building the bridge was the greatest thing he did because it revolutionized railroads at the time. But the bridge also took longer than he expected and also put him in great debt.
ReplyDelete2. Carnegie's dilemma was deciding wether or not the railroad was going to pay back all the money he put into building it.
3. Carnegie's great success from his great risk taking is what makes him an entrepreneur.
4. J.P. Morgan, Vanderbilt, Rockerfeller, and Ford were other entrepreneurs that contributed to America in the 1800s.
5. Carnegie took steel, which no one at the time knew about its potential, and turned it into an enormous success.
ashley ralston
ReplyDelete1.Some of the success and failures of Andrew Carnegie werte, he was successful at building a steel bridge along the Mississippi River and he controlled the steel industry. Some failures in which he faced were, that while building the bridge Andrew Carnegie had run into over budget and months past its deadline.
2.Some dilemmas Carnegie had uncounted in his road to success was that he ran out of money while making his bridge out of steel and had to stop construction for a while because he was in so much debt.
3. Andrew Carnegie was an Entrepreneur because he was a risk taker. he was able to find different opportunitys in order to achieve his success and be remebered as the controlled of the steal industry.
4. Some of the other entrepreneurs who had contributed to American in the late 1800s are Vanderbilt, Rockefeller, Morgan, Frick, and Ford.
5. Andrew Carnegie’s steel would have direct correlation to this paradox by steel would be something that is not need in order to survive which would give it a higher value.