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Andrew Carnegie
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Known for his philanthropy this man dominated the steel industry while never achieving complete monopoly?
Carnegie
What date did Andrew Carnegie have monopoly in the steel industry?
1903
Who had a monopoly in the steel industry?
Andrew Carnegie and then he sold it to J.P. Morgan
What is a monopoly in industrial revolution?
When someone owns a whole industry, like the steel company Andrew carnegie was the only one to be disributing steel.
What does a monopoly do ?
A monopoly controls an industry
What business contributed most to Andrew Carnegies ability to form a monopoly?
Andrew Carnegie's ability to form a monopoly was primarily driven by his investments in the steel industry, specifically through the establishment of Carnegie Steel Company. By implementing innovative production techniques, such as the Bessemer process, and focusing on vertical integration, Carnegie was able to control every aspect of steel production, from raw materials to transportation. This dominance in the steel market allowed him to eliminate competition and establish a near-monopoly in the industry by the late 19th century.
What man controlled much of the railroad industry by the late 19th century?
Monopoly (Apex)
What is a company that has control of an entire industry?
A monopoly
Which of these men held a monopoly in the oil industry?
John D. Rockefeller
Which of these controls prices and availability in an industry?
Monopoly ~ APEX :)
With which industry was Andrew Carnegie associated?
the steel industry --Bear
What does monopoly do?
controls an industry
