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Andrew Carnegie did not have a direct relationship with the Standard Oil Company, as he was primarily focused on the steel industry through his company, Carnegie Steel. However, both Carnegie and John D. Rockefeller, the founder of Standard Oil, were contemporaries and key figures in the American industrial revolution. They were both part of the broader context of the rise of monopolies in the late 19th century, representing different sectors of the economy. Their paths occasionally intersected in terms of business practices and competition for resources, but they operated in distinct industries.
What else can I help you with?
What is the first billion-dollar American Corporation organized when JP Morgan bought out Andrew Carnegie?
standard oil company
Why was Andrew Carnegies favorite method to getting rid of surplus money Donating It To Public Services?
It was his favorite method because he enjoyed giving to people, and out of the three methods, this method gave the most to society.
What were some of the most famous monopolies of the late 19th century?
Andrew carnagies steel company. john d. rockafellers standered oil company. and that's all i can think of haha.
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.
How much did Andrew Carnegies first job as a bobbin boy pay him a week?
Andrew Carnegie's first job as a bobbin boy in a cotton factory paid him around $1.20 a week. This job involved long hours of hard labor, and Carnegie's early experiences in the workforce shaped his views on industry and philanthropy later in life. Despite the low pay, he valued the opportunity to work and learn, which contributed to his later success.
Who bought Andrew Carnegies steel company?
J.P. Morgan
Who are grangevale?
andrew carnegies followers
Where was Andrew Carnegies business located?
Pittsburgh
What was Andrew carnegies gospel of wealth?
bad
How was Andrew Carnegies money spent?
Andrew Carnegie how he spent his money
Which was Andrew carnegies main contribution to society?
libraries.
What was Andrew Carnegies biggest mistake?
hiring flink
What was Louise Carnegies name before she married Andrew Carnegie?
Louise Whitfield
Who managed Andrew Carnegies steel plant during the homestead strike?
Henry Frick
Andrew Carnegies gospel of wealth stated that?
wealthy people were obligated to donate money to worthy causes
How did Andrew carnegies response to the homestead strike affected public opinion about him?
He lost standing because of his harsh behavior.
How did Andrew carnegies response to the homestead strike affect public opinion about him?
He lost standing because of his harsh behavior.
