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In fact, this might even be one of the greatest books ever written. Despite the fact that it runs to more than 1100 pages, Wall manages to tell the story and not waste a single word. This is not just a biography of Carnegie. It is also a window into another world. We see the Industrial Revolution up close and we meet the characters who actually shaped and maintained Carnegie's empire, including Henry Clay Frick, Captain William Jones, and Charles Schwab. Carnegie's relationships with contemporaries such as Herbert Spencer, J.P. Morgan, John D. Rockefeller, Andrew Mellon, and at least seven US Presidents are explored as well. The reader will be fascinated with the story, which reads like a work of fiction. Carnegie's rise conincides with the rise of the US as a world power. His success mirrored the nation's and he contributed in no small way to the propserity of the republic in which he thrived. A must read for any Carnegie student and a strongly recommended read for the novice as well.
Andrew Carnegie was one of the most intriguing characters of late nineteenth century America. Born into a politically active although socio-economically humble family in Scotland, Carnegie possessed a passion for advancement and material wealth that propelled him to the forefront of the industrial world. Rising from Pittsburgh telegraph message boy to protege of Pennsylvania Railroad executive Tom Scott to capitalist investor and finally steel magnate in a decade-and-a-half, Carnegie was the very embodiment of the Horatio Alger hero popularized at that time.
Although he shared the same business philosophy of using retained earnings for growth rather than dividends as John D. Rockefeller and other titans and he exhibited a personal drive and sense of destiny common to other leading trust-builders, Carnegie was in one particular way very different from his peers. He was a deeply cerebral man, very well-read and able to compose thoughtful essays on some of the most pressing and challenging political and economic issues of his time. His written defense of the gold standard was used by Mark Hanna to promote McKinley's stance against the bi-metallism of William Jennings Bryan in the crucial 1896 election; his thoughts on central banking influenced Wilson's policies in creating the Federal Reserve System; and Carnegie was one of the very first argue for a permanent League of Nations to work for arbitration of international disputes. His close personal friends were British liberals, renowned philosophers such as Herbert Spencer and other members of the intellectual elite on both sides of the Atlantic, not fellow industrialists or business associates like Henry Clay Frick or Henry Phipps who cared little for politics and even less for the recondite subjects that intrigued Carnegie.
Wall weaves these diverse cords of Carnegie's life into a masterful biography that succeeds as much as a social, political and business history of his time as it does in critically examining the complex character, beliefs, and relationships of an extraordinary man. Wall is certainly sympathetic to Carnegie and his achievements, but overall "Andrew Carnegie" is extremely objective and the author doesn't hesitate to highlight his subject's personal foibles, convenient lapses of memory, and vanity.
At over one thousand pages in length the paperback is physically imposing and can at times bog down in detail, but Wall's lucid writing style and often sardonic wit make it a fast and enjoyable read.
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Wall wrote this book in 1979, and includes many great facts and photographs. Not too long after the book, the name of the company was changed to Principal Group.
Alfred I, the subject of this book, was the "working" cousin among the three (A.I., Pierre, and T. Coleman) who audaciously bought control of the company from their uncles at the turn of the Twentieth Century. A.I. ran the operations that made DuPont gunpowder the powder of choice for the country. T.C. ran the executive offices while Pierre was the financial brains of the operation. Together they took a reasonably prosperous family gunpowder company and built it into one of the behemoths of industrial America. They were a resounding success.
This book provides and interesting portrait of the entreprenurial spark it took to make that transformation. A.I. and his cousins were outstanding businessmen. Wall also writes of A.I.'s difficult relationship with his family and Wilmington society (often one and the same), his scandelous marriage, the construction of his fortress home (with a broken glass topped wall that legend holds A.I. had constructed to keep his family out) that is now the DuPont Children's Hospital.
I found the book less interesting when it followed A.I. out of the DuPont company to Florida where he established wealth anew, including the St. Jones Paper company. The writing was dry and pedantic in parts, but overall an interesting story of a fascinating business leader.
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