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Andrew Carnegie had a complex relationship with his competitors; he often employed aggressive tactics to gain market dominance, such as undercutting prices and investing in superior technology. However, he also believed in the principles of fair competition and was known to respect those who were innovative and efficient. Ultimately, Carnegie’s approach was driven by a belief in the “Gospel of Wealth,” where he felt that successful individuals had a responsibility to improve society, which sometimes led him to collaborate with former rivals for philanthropic efforts.
What else can I help you with?
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 Andrew Carnegie and how did he cut costs?
Andrew Carnegie drastically cut labor and time required to shift material from one operation to another
What were the business methods of Andrew Carnegie?
Andrew Carnegie's business methods centered around efficiency, innovation, and vertical integration. He emphasized cost-cutting through advanced technology and production techniques, which allowed him to dominate the steel industry. Carnegie also believed in the importance of a strong workforce, investing in worker training and welfare to enhance productivity. Additionally, he practiced aggressive expansion by acquiring competitors and investing in new markets, ultimately leading to the creation of the Carnegie Steel Company, one of the largest steel producers in the world.
What made Andrew Carnegie so rich?
He Built Pittsburgh Carnegie Steel Company. And, he also built Carnegie Hall.
How did Andrew carnegie treated workers?
how did Andrew Carnegie treat workers
How did Andrew Carnegie treat his competition?
he was friendly to them
How did Andrew Carnegie and his industry treat workers?
this is good
Did Andrew Carnegie treat his family good?
yes
How did Andrew Carnegie treat his workers and employees?
By hitting them and telling them that he will kill their family
What were Andrew carnegie's parents names?
Andrew Carnegie's father was William Carnegie. His mother was Margaret Morrison Carnegie.
Which American objected to U.S invented in cuba?
Andrew Carnegie
Is Andrew Carnegie single?
No, Andrew Carnegie is not single.
How old was Andrew Carnegie's daughter when he died?
Margaret Carnegie Miller (Andrew Carnegie's daughter) was 22 years old when Andrew Carnegie died.
Who became one of the wealthiest people in the world by making a greater steel at a lower cost than his competitors in the 1800 to 1900?
Andrew Carnegie
What did Andrew Carnegie Invest in?
Andrew Carnegie invested on steel
What did Andrew carnegie Investments?
Andrew Carnegie invested on steel
