How Tycoons Became Rich

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Andrew Carnegie became rich when
he was offered stock trade

By the age of eighteen years of age, Andrew Carnegie became a personal secretary to an executive in Pennsylvania. One of the most import aspects of this man's life was that he got offered an opportunity to buy stock. Once Carnegie bought the stock, he had an epiphany when the first dividend check arrived to him. Andrew Carnegie also became a "steel man" after Besserner process was a way to make steel out of iron.

Tycoons always looked for new ways to make better products and to have products more cheaper than usual. The tycoons tried to use many new machines to make their products. As well as trying new ideas to make better and cheaper products. Tycoons became very wealthy because of many new products they came up with.

Some of the business strategies tycoons used was to that they attempted to control as much of the businesses as possible through vertical interrogation.

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Robber Barons was after establishing their monopolies, owners began raising the prices higher than before and started to reduce the worker's wages.

Social Darwinism was about if you were rich, then that meant it was a sign from God's favor, and being poor was a sign of being lazy or interior and deserving of property. Many rich people liked the Social Darwinism philosophy because it was all about the survival of the fittest, natural selection, self improvement, and genetics.