Big Business Report Andrew Carnegie was in the business of steel. He was the leader of the American steelindustry from eighteen seventy three to nineteen hundred and one. He built theCarnegie Steel Company which made him the second richest man in history. Hisbusiness got started because Carnegie decided that he no longer wanted to be acapitalist with several diversified interests. In 1870, decided that steel would replace ironin the manufacturing industry. So taking his own funds, he invested in getting his ownfurnace and then a second one in 1872. This led to him organizing a Bessemer steel railcompany with a limited partnership.His business grew to the level it did because he controlled the integrated iron and steeloperations completely. In the 1880¶s his business was the largest manufacturer of steel,pig iron and coke in the world. He expanded his empire by buying out all of hiscompetitors. By 1889, his business of steel exceeded production in the United Statesand the United Kingdom in which he was a major player in. The businesses he acquiredincluded the J.Edgar Thomson Steel Works, Pittsburgh Bessemer Steel Works, LucyFurnaces, Union Iron Mills, Union Mill Hartman Steel Works, Keystone Bridge Works,Scotia and the Frick Coke Company. With these businesses and the fast and efficientmass production of steel, Carnegie was able to accumulate a mass of wealth.