es could draw upon. This came mostly from the vast number of immigrants who travelled to America in search of a better job. “Between 1900 and 1930, 19,000,000 newcomers came in the largest immigration in American history’(Burner 532). Most of these immigrants were in such fierce competition for a job that the employers could institute whatever conditions and rules that they wanted. If the workers would not cooperate with it, there were plenty more behind them who would. A factor of production which lead to economic gains in the steel industry in particular was the development of two processes which. “after the civil war two new processes appeared-the Bessemer and the open-hearth-that revolutionized the production of steel. Both removed the right amount of dissolved carbon in caste iron to create a form of steel with great strength. Unlike previous steel making techniques the new methods used little labor for producing large quantities and brought down the price"(Burner 416). Another successful entrepenuer of the Gilded age who worked in this particular field was Andrew Carnegie, the owner of U.S steel. Carnegie was not a fantastic engineer, nor a brilliant inventor but he was an excellent business. “Carnegie’s chief talents in steel making were in choosing competent subordinates who knew their jobs well and in ruthlessly cutting costs by the elimination of bottlenecks and by the running of all equipment full blast, even if this meant replacing it early”(Burner 418). With the wealth he accumulated from his skills though, Andrew Carnegie did things to benefit society. Carnegie acted as aphilanthropist by building schools, universities, and donating his money to help society. Another leading entrepreneur of the time was John D. Rockefeller of Standard oil. Rockefeller, after becoming wealthy through the growth in the oil industry, was also a philanthropist. “Rockefeller, for example, bankrolled the...
