Dear family members of our company,
I was wondering if you could help me get over this dilemma I am going through. My problem is that a fellow businessman named John Pierpont Morgan has plans of taking over my company that has been my life for more than 40 years. I am getting old and I do want to retire, and the fellow is offering me a fortune. Now then, I don’t know what to do, and I am dangling in a situation that is irresistible! How I would love to live the rest of my life in pure peace with no work. But then again it is hard to believe that I will hand over more than 40 years of my life. My dearest brother Thomas who shared the ups and downs with me passed away only some time ago. I still can’t bear the absence of Thomas’s presence even today. If I let go of my dream, I will live the life of a king but then that would result in losing my life. I write this letter to you so that you know that I am thinking of selling our dream. I don’t think there is any good in keeping this company since this business man has already made a chain of factories that he bought from other companies. Therefore if I keep my dream it will result in a loss for me because it has such mighty opponents.
Regards,
Andrew Carnegie
Monday, September 17, 2007
Interview with Andrew Carnegie
What was your background like?
“I was born on November 25 1835 in Dunfermline, Scotland. My father was a hand loom weaver and my mother was a daughter of a shoemaker. I also have a brother called Thomas. Although my father was not the richest man it town, he gave me a good education and took great care of my present and my future.”
What were your first jobs like?
“At the age of 16, I worked as a telegraph messenger boy. I was paid $2.50 for my work there. As I grew I was employed by many more telegraph companies and I also worked in the railway. I was also a superintended in the Civil War!”
What happened to your brother?
“Well, when my business was a success, my younger brother died at the age of 43. It was a really tragic moment in my life.”
How did you start your steel company?
“Because I had many years of experience working in many fields, I knew how to work with others. My steel company was called Pittsburgh’s Carnegie Steel Company. It was a great success in my life. This was the main reason that I became a rich man.”
Who was John Pierpont Morgan and what role did he play in your life?
After handling my company well, I later met up with John Pierpont Morgan who was interested in buying my company. I had thought about it, thus, I was going to sell my company and retire and so I did. Since my company was one of the largest in the business, I sold it for a great fortune. I sold it for 2007’s $120 billion. This was how I changed from being a hand loom weaver’s son to being the second richest man in the world.”
“I was born on November 25 1835 in Dunfermline, Scotland. My father was a hand loom weaver and my mother was a daughter of a shoemaker. I also have a brother called Thomas. Although my father was not the richest man it town, he gave me a good education and took great care of my present and my future.”
What were your first jobs like?
“At the age of 16, I worked as a telegraph messenger boy. I was paid $2.50 for my work there. As I grew I was employed by many more telegraph companies and I also worked in the railway. I was also a superintended in the Civil War!”
What happened to your brother?
“Well, when my business was a success, my younger brother died at the age of 43. It was a really tragic moment in my life.”
How did you start your steel company?
“Because I had many years of experience working in many fields, I knew how to work with others. My steel company was called Pittsburgh’s Carnegie Steel Company. It was a great success in my life. This was the main reason that I became a rich man.”
Who was John Pierpont Morgan and what role did he play in your life?
After handling my company well, I later met up with John Pierpont Morgan who was interested in buying my company. I had thought about it, thus, I was going to sell my company and retire and so I did. Since my company was one of the largest in the business, I sold it for a great fortune. I sold it for 2007’s $120 billion. This was how I changed from being a hand loom weaver’s son to being the second richest man in the world.”
Feedback on the 1870's Stock Market Game
When we started the game, I was thinking that maybe putting all the eggs in one basket wasn't a good idea. Later on however, when the Railroad shares dropped down I bought around 11 certificates of the same company, thats around 110 shares. I noticed that the shares for the company are going higher and higher year by year and so at the end of the game I had $285. All in all, for me the advice " Don't put all your eggs in one basket" didn't work.
Sunday, September 9, 2007
Mid Term Goals
I think that I have definitely improved my handwriting from the beginning of the year to now. I now see better handwriting on my papers but I still can do better and I am working on it. All in all, I think that I am improving my handwriting.
Tuesday, September 4, 2007
Advantages and Disadvantages about The Industrial Revolution
Acorrding to me, there are many ways to think about the Industrial revolution. Here are some of them some of the positive outcomes are:
The world began to go to at a faster pace.
There was a lot of mass production going on.
There were more facilities for people.
More people had jobs.
People went more rich.
There were cheap things in great quantity
There was more to do than do sit around the house doing nothing.
You didn't do all the work yourself.
Some disadvantages were that:
Children had to work.
More people died.
Earth got polluted.
Children risked their lives every day.
There was no more craftsmanship.
People lost their land.
Some people went poor.
People had to migrate to cities.
These are some of them. There are many more but I think that the world is a more facilitated place so all this was worth it.
The world began to go to at a faster pace.
There was a lot of mass production going on.
There were more facilities for people.
More people had jobs.
People went more rich.
There were cheap things in great quantity
There was more to do than do sit around the house doing nothing.
You didn't do all the work yourself.
Some disadvantages were that:
Children had to work.
More people died.
Earth got polluted.
Children risked their lives every day.
There was no more craftsmanship.
People lost their land.
Some people went poor.
People had to migrate to cities.
These are some of them. There are many more but I think that the world is a more facilitated place so all this was worth it.
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