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How did Andrew carnegie his fortune?
He had many business interests, but mainly steel.
What industry did Andrew Carnegie make his fortune?
After the Civil War he owned the largest iron and steel works in America.
How did Rockefeller and Carnegie amass their wealth?
John D. Rockefeller amassed his wealth primarily through the oil industry, founding Standard Oil in 1870 and employing strategies like vertical integration and aggressive pricing to dominate the market. Andrew Carnegie built his fortune in the steel industry, utilizing innovations in production techniques, such as the Bessemer process, and establishing Carnegie Steel, which became the largest steel manufacturer in the U.S. Both men were known for their business acumen and willingness to eliminate competition, leading to their vast fortunes.
Who had a monopoly in the steel industry?
Andrew Carnegie and then he sold it to J.P. Morgan
What was Andrew Carnegie's monopoly?
Andrew Carnegie's Monopoly is the extreme case in capitalism.
Who was an industrialist who made his fortune in shipping and railroads?
andrew carnegie
What is Andrew carnegie?
Andrew Carnegie was not a religious man per se, however, he did attend a Presbyterian Church for many years. Carnegie was an industrialist who made his fortune in the steel industry.
How did Andrew carnegie his fortune?
He had many business interests, but mainly steel.
Owned most of the steel industry?
In the late 19th century, Andrew Carnegie dominated the steel industry in the United States through his company, Carnegie Steel Company. His innovative methods and aggressive business tactics allowed him to amass significant wealth and power.
Who was and industrialist who made a fortune in the steel industry in the late 1800's through vertical consolidation?
Andrew carnegie
Scottish immigrant who made a fortune in steel and donated most of his profits?
Andrew Carnegie
Who was Scottish immigrant who made a fortune in steel and donated most of his profits?
Andrew Carnegie
What part of speech is amass?
A verb: "I'll Amass a fortune before I'm done".
When did Andrew carnegie retire?
Andrew Carnegie retired in 1901 when he sold his steel company, Carnegie Steel Corporation, to J.P. Morgan for $480 million, making him one of the wealthiest individuals of his time. He then focused on philanthropy and donated much of his fortune to various causes.
Who controlled and developed all aspects pf the steel business?
Andrew Carnegie, a prominent industrialist in the late 19th century, controlled and developed all aspects of the steel business through his company, Carnegie Steel Company. Carnegie revolutionized the steel industry through vertical integration, owning and controlling the entire production process from raw materials to distribution. This consolidation of resources allowed him to dominate the industry and amass a significant fortune.
What were Andrew carnegie's parents names?
Andrew Carnegie's father was William Carnegie. His mother was Margaret Morrison Carnegie.
What industry did Andrew Carnegie make his fortune?
After the Civil War he owned the largest iron and steel works in America.
