Business History Business History

Andrew Carnegie's War with his Workers

Sep 2, 2026 · 39m

Summary

Hosts Jacob Goldstein and Robert Smith explore the violent 1892 Homestead Steel Strike, contextualizing it within the broader, chaotic struggle between capital and labor in the 1880s. They detail Andrew Carnegie’s rise, his public philanthropy versus private cost-cutting, and the anarchist movement’s role in the era’s unrest, including the Haymarket Affair. The episode sets the stage for the pivotal clash at Carnegie’s Homestead mill, highlighting the high stakes for both workers and owners.

Topics discussed

Intro: AI tools and the Homestead Strike setup Context: Violence in the 1890s labor movement Andrew Carnegie's rise and steel industry economics Carnegie's philanthropy and public stance on unions Ads: ChatGPT, Sierra Nevada, and Apple Card Harsh conditions of 19th-century factory labor Early unions and the 1886 Haymarket Riot Anarchist ideology and the Haymarket trial Ads: ChatGPT for Business and Sierra Nevada The Homestead Steel Mill and wage disputes Union rejection of contract and first strike attempt Union victory in 1889 and preview of 1892 Outro and ChatGPT ad PayPal Open ad
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