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Andrew Carnegie was a buisnessman and the richest one that ever lived with comparrison to the economy at the time,
He went from an imigrant to head of the largest steal co in the world and hedid that by buying buying and buying every part of the steel industyr his rivals factories and every part of the industy including mines. He was a brilliant buisnessman and without monopoly he would never have reached what he had, eventually owning 90% of the industry its no wonder he suported it, and he was really a complicated man later in his life he laid out great emphasis on civil rights and industry regulations for workers yet the conditions in his steel mill were horrible (i.e. homestead) and he did all he could to maximize out put, though many saw him as a glorified man zesting up American economy he was a very harsh strict man who often acted cruely, that however was able to remain hidden and widely unseen being within the confines of his out mills, (yet later was greatly exposed). The fact that he suported monopoly a now heavily looked down upon institute was one he could not hide nor did he need to at the time major companies like naregie steel and rockefellers standard oil were simply unkown and the dangers of them had not yet been felt.
What else can I help you with?
Why do some people argue in favor of trade restrictions?
Some people argue in favor of trade restrictions to protect domestic industries from foreign competition, which can help safeguard jobs and promote local economic growth. They believe that such measures can prevent market monopolies and unfair trade practices, ensuring a level playing field for domestic producers. Additionally, trade restrictions can be used to protect national security and maintain cultural identity by limiting the influence of foreign goods and services.
Why natural monopolies exist?
They don't exist...monopolies are caused by government intervention in the market. Excessive regulations, permits, fees etc. create barriers to entry for competitive entrepreneurs, and there is often times legislation passed in favor of large corporations. A truly competitive free market does not have monopolies.
Why were some people in favor of monopolies?
Some people supported monopolies because they believed they could lead to greater efficiency and innovation by consolidating resources and reducing competition. Monopolies could achieve economies of scale, potentially lowering prices and improving product quality for consumers. Additionally, proponents argued that large companies could invest more in research and development, driving technological advancements. Lastly, monopolies were often seen as a way to create stability in industries, which could benefit workers and consumers alike.
What is a favor?
A favor is when someone ask you a question that you can do like if i asked can you hold my ball for me please. Thats what a favor is
Do creditors favor inflation?
no
What individual would least favor the expansion and modernization of the American navy in the late 1800s?
andrew carnegie
Which of the following individuals would least favor the expansion and modernization o the American navy in the late 1800s?
Andrew Carnegie
How does carnegie reject socialism in the gospel of wealth?
Andrew Carnegie opposed public and co-operative ownership of the means of production, worker's self-management, and was in favor of retaining the profit system and market exchange in capital goods. He was clearly in favor of some form of capitalism.
To speak plead or argue in favor of?
Advocate
Why do some people argue in favor of trade restrictions?
Some people argue in favor of trade restrictions to protect domestic industries from foreign competition, which can help safeguard jobs and promote local economic growth. They believe that such measures can prevent market monopolies and unfair trade practices, ensuring a level playing field for domestic producers. Additionally, trade restrictions can be used to protect national security and maintain cultural identity by limiting the influence of foreign goods and services.
To speak or argue in favor of something?
Person who speaks or argues in favor of something is known as an advocate.
Who was in favor of the Indian removal act?
president Andrew Jackson
Why natural monopolies exist?
They don't exist...monopolies are caused by government intervention in the market. Excessive regulations, permits, fees etc. create barriers to entry for competitive entrepreneurs, and there is often times legislation passed in favor of large corporations. A truly competitive free market does not have monopolies.
Which president was in favor of the Indian removal act?
Andrew Jackson
Who was the favor of the Indian removal act?
president Andrew Jackson
Who was in favor the Indian removal act?
president Andrew Jackson
What made up the US opposition to a war with Spain in 1898?
There was a good number of people and institutions that were not in favor for a war with Spain in 1898. President McKinley was and he was not alone. Wall Street did not a war. Neither Mark Twain, Andrew Carnegie and the Speaker of the House, Thomas B. Reed.
