It is thanks to his commitment to creating the largest American steel industry that he becomes one of the richest entrepreneurs of the 19th century. Since the industrial revolution began to replace handmade products, most workers lost their jobs, and Andrew's father was one of those people. His father having lost his job as a skilled weaver, they were forced to emigrate to Pennsylvania, where Andrew found his first job as a bobbin boy and eventually became superintendent of the Pennsylvania Railroad. Andrew then leaves the Pennsylvania Railroad only to build his own company. As time passes, Andrew's "empire" (company) continues to grow through economic cycles of boom and bust. The boom-bust business cycle involves decreasing prices in other competing companies only to be purchased at a lower price than the original one. Carnegie then sells his empire to JP Morgan for $250 million and retires a rich man. Carnegie, who comes from a poor family, begins to reflect on the poor and how they do not receive enough money under capitalism