Andrew Carnegie worked for the Pennsylvania Railroad. He continually created products they needed to solve those problems and made the companies to produce them. Eventually he owned a number of different companies producing a variety of products. He took a trip back to his home in Scotland. In England he saw the Bessemer Converter producing steel. He realized that steel railroad tracks would be far superior to iron tracks. He returned to the United States and sold all his companies and built a steel mill using the Bessemer Converter. He sold railroad tracks. Other companies in the United States had built Bessemer Converters before he did. He was the first to use the steel for railroad tracks. Since iron tracks wore out in few years, there was tremendous demand for Carnegie railroad tracks. He not only build the factory but also saw where its products were needed.
Andrew Carnegie's Monopoly is the extreme case in capitalism.
He had many business interests, but mainly steel.
He had many business interests, but mainly steel.
Andrew Carnegie and then he sold it to J.P. Morgan
Andrew Carnegie
The one business that Andrew Carnegie was known for dominating was the steel manufacturing business.
Andrew Carnegie gave 80% of his money away to education. Carnegie thought that education was very important.
Andrew Carnegie had a monopoly in the steel industries.
His business was the steel industry.
U.S. Steel
Andrew Carnegie's Monopoly is the extreme case in capitalism.
Andrew Carnegie. John D. Rockefeller had created a monopoly with his oil business, too.
He had many business interests, but mainly steel.
He had many business interests, but mainly steel.
Andrew Carnegie invested on steel
Andrew Carnegie invested on steel
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.