Andrew Carnegie vs Karl Marx

Andrew Carnegie’s profile picture
Karl Marx’s profile picture
Industrialist, Businessman, Entrepreneur and a major Philanthropist.
Economist, Philosopher
$309 Billion
Net worth 2018
Steel
Industry
Sociologists
Dunfermline
Residence
Trier
American, Scottish
Country
German, Prussian
25/11/1835
BirthDay
05/05/1818
August 11, 1919
Died On
March 14, 1883
Education
Humboldt University of Berlin, University of Bonn, Friedrich Schiller University of Jena
NET WORTH STATISTIC
TIMELINE
1901

It finally resulted in ‘the United States Steel Corporation’, which was incorporated on March 2, 1901

1892

In1892 he founded the Carnegie Steel Company by utilizing the various assets that he had accumulated over the years

1889

He wrote an article, “Wealth” in 1889 through which he emphasized upon the social responsibility of the wealthy class towards the less fortunate in the society

1888

His decision to take over the rival company, Homestead Steel Works in 1888 brought strategic advantages to his business

1886

His well-known piece of writing, “Triumphant Democracy” was published in 1886 and well accepted in the U

1873

He had the vision to foresee that iron would be replaced by steel hence he ended up setting a steel rail company in 1873 after which the steel furnace at Braddock started with steel rails in 1874

1870

Till 1870, Carnegie speculated in small iron factories through investments

1855

Carnegie made his very first investment of $500 in Adams Express in 1855 with Scott’s support; following which he learnt to invest and disinvest resulting in a huge start-up capital for his business ventures

1853

Scott (superintendent of Pennsylvania Railroad) in 1853

1850

Starting in 1850 as a messenger boy for a telegraph office in Pittsburg, he moved on to become secretary to Thomas A

1848

His father was a weaver and moved the entire family to Allegheny City, Pennsylvania, in 1848 after industrialization phase that rendered him jobless and in relentless poverty

1835

Andrew Carnegie was born on November 25, 1835 to William Carnegie and Margaret Morrison Carnegie in Dunfermline, Scotland

1881

He was shattered by the death of his wife on December 2, 1881 and the death of his eldest daughter on January 11, 1883

1848

The first of Karl Marx’s important works was ‘The Communist Manifesto’, published in 1848 which is recognized as one of the ‘world’s most influential political manuscripts’

1843

Karl Marx married Jenny in a Protestant church in Kreuznach on June 19, 1843