Quotes & Sayings About Carnegie Steel

Steel is prince or pauper. — Andrew Carnegie

Now, years later and with Carnegie's blessing, Frick had launched his plan to further consolidate his rule over their industrial kingdom by destroying the Amalgamated Association of Iron and Steel Workers. The labor union, formed in 1876, was one of many that emerged in the industrial age to combat the cruel and oppressive treatment of workers. In the steel mills, workers typically put in 12-hour days, six days a week, for less than a dime an hour. There were no government agencies to inspect the work sites, no forms of compensation in case of injury, and more than 35,000 workers died each year in industrial accidents. Only the unions offered some hope by fighting for higher wages, eight-hour workdays, and improved working conditions. — James McGrath Morris

It was clear to many American working men and women that the Homestead Steel Strike of the early 1890s, when Andrew Carnegie and Henry Clay Frick broke the backs of the steel workers, that that was a watershed. — David Levering Lewis

Morgan then formed the U.S. Steel Corporation, combining Carnegie's corporation with others. He sold stocks and bonds for $1,300,000,000 (about 400 million more than the combined worth of the companies) and took a fee of 150 million for arranging the consolidation. How could dividends be paid to all those stockholders and bondholders? By making sure Congress passed tariffs keeping out foreign steel; by closing off competition and maintaining the price at $28 a ton; and by working 200,000 men twelve hours a day for wages that barely kept their families alive. And so it went, in industry after industry - shrewd, efficient businessmen building empires, choking out competition, maintaining high prices, keeping wages low, using government subsidies. These industries were the first beneficiaries of the welfare state. — Howard Zinn

The measures of the reformers took no account of all this which seemed to me so obvious. The reformers themselves apparently did not see that the State, as an arbiter of economic advantage, must necessarily be a potential instrument of economic exploitation. In fact, these are but two ways of saying the same thing, for, as Voltaire saw so clearly, advantage to the State's beneficiaries means disadvantage to those who are not its beneficiaries. By putting a tariff on steel, for example, the State simply took a great deal of money out of the pockets of American purchasers of steel, and put it in Mr. Carnegie's; it acted ad hoc as Mr. Carnegie's instrument of exploitation. Neither — Albert Jay Nock