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$400 million
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∙ 13y ago
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Who had a monopoly in the steel industry?
Andrew Carnegie and then he sold it to J.P. Morgan
How did Andrew Carnegie make is money?
He sold steel to the US.
Who built steel mills near Pittsburgh and then sold it to JP Morgan Steel?
Andrew Carnegie.
Why did the carnegie steel company came to an end in 1901?
J. P. Morgan bought it and changed the name.(;
How did Andrew Carnegie become the richest man ever?
He sold steel
Is a steel beam with carnegie embossed on it very old?
I think Andrew Carnegie sold out his steel company in 1901 to US Steel so I would guess it would be at least that old.
How did horizontal integration help business such as Carnegie company and tycoons like Andrew Carnegie?
Carnegie Controlled Almost the entire steel industry . by the time he sold his business in 1901 , Carnegie's companies produced by far the largest portion of steel.
Andrew Carnegie-best known for what?
Andrew Carnegie is best known for his work in the steel industry, where he revolutionized steel production through vertical integration. He became one of the richest men in the world and later dedicated much of his wealth to philanthropic endeavors, particularly in the areas of education and libraries.
How much did Carnegie sell his steel company for?
480 million
Which location on the map represents the state that became the center of steel production during the late 1800s?
Pittsburgh, Pennsylvania, became the center of steel production during the late 1800's. Andrew Carnegie founded Carnegie Steel Company which later was sold to US Steel Corporation there in 1870.
Where did Andrew Carnegie found Carnegie steel?
Philadelphia, Pennsylvania
Who controlled the steel industry?
Andrew Carnegie controlled the steel industry during the Industrial Revolution.
