Free Enterprise System Research Paper

Andrew Carnegie grew up in Dunfermline, Scotland and immigrated along with his family to the United States in the late 1800s. He worked his way up from being a poor Irish immigrant to become one of the most famous industrialists that helped transform the U.S steel industry in the late 19th century. Andrew Carnegie was a hero in many ways. One reason why Andrew Carnegie was a hero was because of his influences on renovating the American steel industry which helped create the U.S a world power. Secondly, Andrew Carnegie was a hero is because he helped create jobs that employed many Americans. Finally, Carnegie was a hero is because he was one of the most influential philanthropists.

Free enterprise is a very important concept in society. It is what makes our economy boom. there are many examples of free enterprise, but my favorite is Jennifer Lopez. Jennifer Lopez is a well known entertainer. She has done a variety of things such as owning her own clothing line, being a multi platinum recording artist, and starring in many box office movies. She has a lot of talent, and uses her talent well. Her clothing line is the best example of a free enterprise because she has freedom to put out whatever she wants, and set her own prices. The government does not control her prices. It also gives her the availablity to compete with other companies.

Born in Dunfermline, Scotland young Andrew Carnegie and his family migrated to the United States for better living opportunities.

Industrialist Andrew Carnegie was born in Dunfermline, Fife, Scotland in November of 1835 to a family of handloom weavers, a group hit remarkably hard by the mechanization of the textile industry. Abandoning the minimal expectations and the now almost invaluable job of weaving in the Scottish industrial cities, Carnegie's family emigrated to the United States in 1848. After years of work and experience in the expansion of the steel industry, Carnegie obtained a general logic of arguments about labor to the broader realm of social relation, giving specific attention to the role of private upper-class wealth in a democratic society.

role in his life after his family immigrated to the United States in 1848. Andrew Carnegie amassed wealth in the steel industry after immigrating from Scotland as a boy. He came from a poor family and had little formal education. The roots of Carnegie's internal conflicts were planted in Dunfermline, Scotland, where he was born in 1835,

Born on November 25, 1835 in Dunfermline, Scotland to William and Margret Carnegie, Andrew’s childhood began as a simple one. His father was a weaver in Dunerfermline and, although successful, his earnings allowed his family to live a basic but comfortable life. William hoped to pass down his trade to Andrew when he came to age, so he began to expand his business in anticipation of the additional labor, but this dream was not to be.

Andrew Carnegie is known as the king of steel. He was born November 25, 1835 in Dunfermline, Scotland. In 1848 he and he and his family immigrated to America and ended up in Pittsburg, where they lived in a small house and had very little money. In 1872 he traveled to England where he met Henry Bessemer, the man who converted iron into steel. He took Bessemer’s brilliant steel-making process back to America and built several steel mills in Pennsylvania. At the age of 65 he finally decided it was time to move on from the mills and he sold the Carnegie Steel Company to J.P. Morgan for $480,000,000. A hero is

Andrew Carnegie was one of the wealthiest men in America but his wealth didn’t come without hard work and dedication. Carnegie was born in “Dunfermline, Scotland on November 25, 1835” (Tyle). According to Laura B. Tyle, the invention of the weaving machine unfortunately pushed Carnegie’s family in to poverty “In 1848, Carnegie’s family left Scotland and moved to Allegheny City, Pennsylvania, where his father and eventually him worked in a cotton factory” (Tyle). After leaving the cotton factory “Carnegie became a messenger boy for the Pittsburgh telegraph office and eventually made his way up to telegraph operator” (Tyle). According to Laura B. Tyle “Thomas A. Scott, the superintendent of the western division of the Pennsylvania Railroad, made Carnegie his secretary at the age of eighteen.” Later, Carnegie took over Scott’s position of the railroad. Furthermore Carnegie “began to see that steel was going to replace iron and by 1873 he organized a steel rail company” (Tyle). According to Laura B. Tyle he continued to build his company when he “cut prices, drove out competitors,

Carnegie was the classic rags to riches story, the penniless immigrant who made it big in the land of opportunity. Carnegie was born in Dunfermline, Scotland, and migrated to America in 1848 at the age of 13. His first job was in a cotton mill, earning a measly $1.20

free enterprise system provides individuals the opportunity to make their own economic decisions, without restrictions from the government. When using this, it allows people to determine the success or failure of an economic endeavor. Many business owners have become successful while using this, like Mark Zuckerberg.

The free enterprise system is a part of our everyday lives. Without it we would not have different brands and/or companies. We would not be able to choose where to buy (consumer) and sell (producer) items. The free enterprise system is an economic system in which everyone is allow to participate in the activities of their choice. Walt Disney started out working for a company drawing cartoon duck, but things did not work out and he went onto bigger and better opportunities because of this "failure" with the company. The free enterprise system provided Walt Disney with the opportunities to develop his famous and successful brand.

Free enterprise allows individuals to choose their own economic path. Unlike its opposite command which is completely regulated and run by their government. The combination of Bill's interest in computers and his way of using his market to meet the demands of big companies he was able to make a large living off of one business:

Andrew Carnegie was born on November 25th, 1835 in Dunfermline, Scotland. His father was a hand loom weaver and Chartist. Carnegie believed in the importance of birthplace. “I was supremely so in

The United States is known for having a free-enterprise economy where a business can be conducted freely without government involved. In free-enterprise economies, goods and services are traded openly and are produced depending on the demand. People who support this type of economy believe it motivates businesses to make money and welcome new ideas. An important part of the economy is to have full employment and low inflation.

Encouraging equal competition allows the supply and demands of a population to determine the success of the nation's economy. If your product isn't good enough to beat your competitors, then it isn't going to be successful in the nation's economy. BODY #3: The free enterprise system allows entrepreneurs to create their own business, free of state control. Bill Gates has become the person he is today because the free enterprise system provided that. If our nation didn't go off of the free enterprise system, then the government could have controlled Bill Gates economic decisions, resulting in him not being the successful man he is. The free enterprise system is a positive influence on our nation. CONCLUSION: The free enterprise system allows individuals to make an impact on the economy. It lets people with good ideas, such as Bill Gates, to create new companies, to provide better products for the consumers. The free enterprise system allows people to make individual economic decisions. It gives people the right to compete for business. Consumers, not the government, can decide the profit potential of a business