Book Review Andrew Carnegie and the Rise of Big Business

Surname 1
Student’s Name:
Professor’s Name:
Course:
Date:
Livesay, Harold C. Andrew Carnegie and the Rise of Big Business (Library of American
Biography Series). 3rd ed., Pearson, 2006.
Book Review: Andrew Carnegie and the Rise of Big Business
The history of entrepreneurship is a topic of interest among many scholars, new world
entrepreneurs, and economists. The book Andrew Carnegie and the Rise of Big Business by
Harold Livesay illustrates the process of industrialization in America. Harold Livesay is an
American writer who pursued other job opportunities with fluctuating success before turning his
attention to academic pursuits. The biography covers the life of Carnegie from 1835 to 1919
when he dies peacefully in his sleep. The book describes the true story of the impoverished 19th
century Carnegie family that migrates to the USA in search of better opportunities. Harold
Livesay writes the biography of a man he not only admires but also who he can relate his life
with. The author writes to conceptualize the life of Andrew Carnegie and paradoxical views of
the society the latter faced in efforts to address the mischaracterization often associated with the
experiences of Andrew Carnegie. The book successfully captures Carnegie’s accomplishments
as well as the complexities associated with his career from mere apprenticeships in finance and
management on his way to becoming one of the most influential entrepreneurs in big businesses.
Andrew Carnegie was born in Scotland in 1835, but his family later migrated to the
United States in 1848. He started from a humble beginning with several apprenticeships as a
manager and a financier. Carnegie’s first job was at a textile mill when the US was in its early
Surname 2
stages of the industrial revolution. He later moved to the telegraph office and the railroads. His
various positions were fundamental in building his business mind (Livesay 23). The junior ranks
introduced him to new forms of communication and technology in the 19th century.
He established his own business in 1865 which eventually expanded to the Carnegie Steel
Company in Pittsburgh in the 1880s. He applied his knowledge and skills in both communication
and technology to his company to an extent which his firm began to symbolize the rise of the big
business. Livesay describes how the social and economic status associated with the industrial
revolution expanded Carnegie opportunities allowing him to amass a fortune (Livesay 54). The
author describes the influence of his mother as well as his mentors Edgar Thomson and Tom
Scott. He later sold his company for 480 million dollars to Jon Pierpont Morgan when he was 65
years old.
The merger of Morgan’s operations in the Federal Steel Company and the Carnegie Firm
established the United States Steel Corporation that was the most significant organization in the
globe at that moment. At the dawn of the 20th century, Carnegie was among the wealthiest men
in the world. Carnegie devoted his late years to philanthropic activities and writing. He
established several trusts that paved the way for him to give away almost all of the profits he had
accumulated in the course of his success (Livesay 98).
When he died in 1919, Carnegie had shared more than half of his fortune. Livesay
describes Andrew Carnegie as instrumental in the rise of the big business and the fundamental to
the dawn of USA current economic prowess. His efficiency and success in business helped in
revolutionizing the industry because of the competition which he created (Livesay 29). The
ability of his company forced his competitors to emulate further building on his critical part in
the genesis of America’s manufacturing structure.
Surname 3
However, it is arguable that Livesay could have been much more detailed in descriptions
of the story of the iron ore if he were to capture not only the biography of Andrew Carnegie but
also the history of big businesses in the USA. Moreover, Livesay perception of Carnegie is not
very complimentary. He often uses words such as trickery, greed, and liar about his activities.
The author’s view of Carnegie is slightly too harsh. It is important to mention that this is a minor
fault that does not invalidate the accuracy in the storytelling of a fascinating history of the
development of the industrial empire.
The book utilizes both primary and secondary sources including Carnegie Papers in the
Library of Congress, James Howard Bridge’s work titled The inside History of Carnegie Steel
Company and Frazier Wall’s book on Andrew Carnegie. Carnegie’s writings together with these
books provided a firsthand account on the life of Carnegie hence fostering a connection between
the author and the character despite living in different centuries. Livesay utilized other secondary
resources including George Taylor’s book titled The Transportation Revolution and Mather’s
Public Order in the Age of the Chartists. Moreover, Livesay effectively intertwines the aspects
of Carnegie’s personal life and his influential career with the saga of the industrial growth. He
does this to the extent that it becomes difficult to separate the biography and the element of the
big business in the 19th century. Livesay illustrates a high degree of historical accuracy from the
introductory chapter by mentioning the industrial revolution in Scotland, and the description of
Pittsburgh as an essential location in the industrial revolution (Livesay 85). While Livesay does
not examine aspects of Carnegie live in detail, he provides complete sufficiency for a book of
this length. The book depicts a well-orchestrated biography which is a must-read for any reader
and writer.
Surname 4
Work Cited
Livesay, Harold C. Andrew Carnegie and the Rise of Big Business (Library of American
Biography Series). 3rd ed., Pearson, 2006.

Place new order. It's free, fast and safe

-+
550 words

Our customers say

Customer Avatar
Jeff Curtis
USA, Student

"I'm fully satisfied with the essay I've just received. When I read it, I felt like it was exactly what I wanted to say, but couldn’t find the necessary words. Thank you!"

Customer Avatar
Ian McGregor
UK, Student

"I don’t know what I would do without your assistance! With your help, I met my deadline just in time and the work was very professional. I will be back in several days with another assignment!"

Customer Avatar
Shannon Williams
Canada, Student

"It was the perfect experience! I enjoyed working with my writer, he delivered my work on time and followed all the guidelines about the referencing and contents."

  • 5-paragraph Essay
  • Admission Essay
  • Annotated Bibliography
  • Argumentative Essay
  • Article Review
  • Assignment
  • Biography
  • Book/Movie Review
  • Business Plan
  • Case Study
  • Cause and Effect Essay
  • Classification Essay
  • Comparison Essay
  • Coursework
  • Creative Writing
  • Critical Thinking/Review
  • Deductive Essay
  • Definition Essay
  • Essay (Any Type)
  • Exploratory Essay
  • Expository Essay
  • Informal Essay
  • Literature Essay
  • Multiple Choice Question
  • Narrative Essay
  • Personal Essay
  • Persuasive Essay
  • Powerpoint Presentation
  • Reflective Writing
  • Research Essay
  • Response Essay
  • Scholarship Essay
  • Term Paper
We use cookies to provide you with the best possible experience. By using this website you are accepting the use of cookies mentioned in our Privacy Policy.