which captain of industry owned the us steel company
Andrew Carnegie Carnegie was born in Dunfermline, Scotland, and emigrated to the United States with his parents in 1848. Carnegie started work as a telegrapher, and by the 1860s had investments in railroads, railroad sleeping cars, bridges, and oil derricks. He accumulated further wealth as a bond salesman, raising money for American enterprise in Europe. He built Pittsburgh's Carnegie Steel Company, which he sold to J. P. Morgan in 1901 for $480 million.[5] It became the U.S. Steel Corporation. After selling Carnegie Steel, he surpassed John D. Rockefeller as the richest American for the next couple of years.[6]
Industrial Revolution in the United States The "Father of the American Industrial Revolution",[5] Samuel Slater, was born in Belper, Derbyshire, England on June 9, 1768, and began working at a cotton mill from age 10. He learned that Americans were interested in the Industrial Revolution's new techniques, but since exporting such designs were illegal in England, he memorized as much as he could and departed for New York in 1789 illegally. Moses Brown, a leading Rhode Island industrialist, attempted to operate a mill with a 32-spindle frame in Pawtucket, but he couldn't. It was at that time that Slater offered his services, promising to replicate British designs for Brown and, after an initial investment by Brown to Slater to fulfill initial requirements, the mill successfully opened in 1793 being the first water-powered roller spinning textile mill in the Americas. By 1800, Slater's mill had been duplicated by many other entrepreneurs as Slater grew wealthier and his techniques more and more popular, which brought him the name "Father of the American Industrial Revolution" by Andrew Jackson in the U.S., but also the name "Slater the Traitor" by many in Great Britain who felt he betrayed them to the Americans.[6]