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Pioneers of American Industry and Innovation

The document provides brief biographies of several prominent industrialists and entrepreneurs: - Andrew Carnegie was a Scottish-American industrialist who led the expansion of the American steel industry in the late 19th century and became one of the richest Americans through business ventures like the Keystone Bridge Company. He later became a major philanthropist. - William Durant founded General Motors in 1908 by bringing together several automotive manufacturers, though financial problems cost him control of the company twice. He later established Chevrolet Motor Company which re-acquired GM. - Henry Ford created the Model T automobile and revolutionized production with the assembly line, selling millions of cars and becoming a famous business leader who helped build America's

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119 views2 pages

Pioneers of American Industry and Innovation

The document provides brief biographies of several prominent industrialists and entrepreneurs: - Andrew Carnegie was a Scottish-American industrialist who led the expansion of the American steel industry in the late 19th century and became one of the richest Americans through business ventures like the Keystone Bridge Company. He later became a major philanthropist. - William Durant founded General Motors in 1908 by bringing together several automotive manufacturers, though financial problems cost him control of the company twice. He later established Chevrolet Motor Company which re-acquired GM. - Henry Ford created the Model T automobile and revolutionized production with the assembly line, selling millions of cars and becoming a famous business leader who helped build America's

Uploaded by

Touhid Anik
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd

Touhidul Islam

B18231080
Sec B

Andrew Carnegie

Andrew Carnegie was a Scottish-American industrialist, and philanthropist. Carnegie led the expansion
of the American steel industry in the late 19th century and became one of the richest Americans in
history. He became a leading philanthropist in the United States and in the British Empire. After leaving
his post with the railroad in 1865, Carnegie continued his ascent in the business world. With the U.S.
railroad industry then entering a period of rapid growth, he expanded his railroad-related investments
and founded such ventures as an iron bridge building company (Keystone Bridge Company) and a
telegraph firm, often using his connections to win insider contracts.

William Durant
American industrialist and founder of General Motors Corporation, which later became one of the
largest corporations in the world in terms of sales.After establishing a carriage company in Michigan in
1886, Durant took over a small firm in 1903 and began to manufacture Buick motorcars. He brought
together several automotive manufacturers to form the General Motors Company in 1908, but financial
problems cost him control of the company in 1910. With Louis Chevrolet, however, he established the
Chevrolet Motor Company, which acquired control of General Motors in 1915. From that base, Durant,
as president, created the General Motors Corporation and launched a successful expansion program.
Post-World War I difficulties again forced him out of General Motors in 1920, and he formed a new firm,
Durant Motors, Inc., in 1921. This and later ventures, some of which were large, were generally
unsuccessful.

Henry Ford
Henry Ford was an American automobile manufacturer who created the Model T in 1908 and went on to
develop the assembly line mode of production, which revolutionized the automotive industry. As a
result, Ford sold millions of cars and became a world-famous business leader. The company later lost its
market dominance but had a lasting impact on other technological development, on labor issues and on
U.S. infrastructure. Today, Ford is credited for helping to build America's economy during the nation's
vulnerable early years and is considered one of America's leading businessmen.

Sheikh Akijuddin
Sheikh Akijuddin (1929 – 10 October 2006) was a Bangladeshi entrepreneur and the founding chairman
of Bangladeshi Conglomerate, Akij Group. Akij Group started off with handmade bidi (traditional cigar)
and grew into a high-profile conglomerate of multiple products from jute goods to information
technology. Akij ventured into business with only Tk 16 in the late 1940s and ended up establishing 30
companies. Although Bangladesh didn't give him anything significant, Japan recognised him as an
innovative industrialist.

William lear
William Powell Lear was born in Hannibal, Missouri. From his early youth, his hobby was putting things
together, and instead of toys was creative with batteries, light bulbs and bits of wire. He was only 12
when he had built his own radio set with earphones. Instead of finishing high school, he joined the Navy
at age 16 (by lying about his age) during World War I. After the war, he learned flying. He gained skills as
a telegraph operator, a capable auto mechanic, an aviation mechanic at Chicago’s Grant Park Airport,
and learned about radio electronics as a ham radio operator. He also was a radio salesman for a while,
and rebuilt a radio station at his grandmother’s church.From this experience there germinated a
distinguished career, using his creative genius and entrepreneurship in the fields of aviation
communications and navigation equipment. Beginning in 1930, over a 20 year period, he secured more
than 100 patents for aircraft radios, communications and navigation equipment

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