18# The fascinating story of the richest man on the planet at the time 🎙️ - Andrew Carnegie (2)

Date
17.02.2020
Read time

2 minutes

Author

Editorial Invest in Slovakia

We continue with the story of Andrew Carnegie. Who was his right-hand man, the king of cox, and what happened at the Homestead factory?


What will you learn in the new podcast?

We approve of everything you do. We'll be with you till the end... 

🍚 King of koxu Frick

A conservative in heart and spirit. He believed that the price of labor should follow the trend of rising and falling prices of final goods. He was also nicknamed the King of Coke because his coke ovens accounted for as much as 80% of the total production of the substance in the state of Pennsylvania.

💸 Corruption without guilt

Frick bore complicity in the Johnstown flood incident. As many as 2,200 people died in the flood, yet Frick and his accomplices managed to avoid any prosecution. It is a tragic but interesting example of the corruption and arrogance of the powerful and wealthy.

Homestead Massacre

Frick was in charge of the operation of the Homestead Steel Mill, which became the infamous scene of the Homestead Massacre during his tenure as boss. Homestead was the most modern of all the steel mills in Carnegie's portfolio. Except it was unique in that it was ruled by a union... 

 👨🔧 Human labour as a commodity

A commodity whose price should have been minimized like every other cost. The idea that workers had any stake in the success or even the management of the company was absurd and unacceptable to many.

😐 No impact

Frick built a wall around the factory and announced to the workers that the company would no longer bargain with unions, but only with individual workers. In doing so, he took away any collective power and influence from them.

🏹 Shot and working

Frick had two gunshot wounds in the neck and still did not go home but finished his full day's work, at the end of which he wrote to Carnegie not to go home, that he would take care of the strike even if it cost him his life. 


🎙 In our podcasts we discuss money, productivity, investing, and living a fulfilled and abundant life. Sources of information are world-famous books, videos, biographies, quotes from successful personalities, as well as real interviews with successful investors, entrepreneurs and inspirational peoplewho are achieving remarkable results. 

We are interested in how these people think about money, what habits influence their daily lives, what they attribute their success to, but also what their biggest failures in life have been. We select only the best for you, and together we'll take a peek into the secrets of how to live a more successful, wealthy and productive life.

About the author
Editorial Invest in Slovakia
The Invest in Slovakia crowdfunding platform facilitates investments in Slovak real estate projects to investors from all over Europe. It focuses on innovative solutions with benefits for the surrounding area. The long-term effort of the team of specialists is the development of financial literacy. It provides clients with access to thoroughly vetted assets with different appreciation strategies.

Latest podcasts

Profitable real estate investing in an unconventional way

Register now
Privacy Policy   |   Terms and conditions   |   +421 910 548 844   |  [email protected]  | Invest in Slovakia is operated by Ci investment, s.r.o, Levočská 10, 058 01 Poprad, Slovakia.
If you would like to learn more about which Invest in Slovakia entity you receive services from, or if you have any other questions, please contact us via chat in the Invest in Slovakia app, or by email at [email protected]. Platform investinslovakia.eu does not provide investment advice and individual investors should make their own decisions or seek independent professional advice if they are unsure about the suitability of any investment for their individual needs. The value of investments can rise or fall depending on market developments and unforeseen circumstances. Bear in mind that when investing in loans your capital is subject to risks and is not subject to any protection mechanism. For more information, see FAQ (the most common questions about their answers).
NBS. On the basis of Regulation (EU) 2020/1503 of the European Parliament and of the Council of 7 October 2020 on European crowdfunding service providers for business and amending Regulation (EU) 2017/1129 and Directive (EU) 2019/1937 (the "Regulation on European crowdfunding service providers for business"), crowdfunding will become a legally regulated activity. From the nature of the Regulation in question, it is expected that the authority authorising and supervising the activities of crowdfunding service providers within the Slovak Republic will be the Ministry of Finance of the Slovak Republic or the National Bank of Slovakia. As a provider of crowdfunding services, we welcome this effort of the European Parliament and we are ready to actively participate in the implementation of the Regulation in order to clarify and set uniform rules for crowdfunding within Slovakia as well as throughout the European Union.
Copyright © 2024, Ci investment, s.r.o.
crossmenu