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Steel was the fast growing industry after 1885. Oil companies Carnegie and Rockefeller were also large powerhouses but JP Morgan Steel bought them out.

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Q: What was the fastest growing industry after 1885?
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Steel. Carnegie and Rockefeller (oil) were the power houses of the day, but J.P. Morgan purchased Carnegie's business and made Carnegie the wealthiest man in the world at the time. America was also the world's largest steel producer and still is.