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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.
Wiki User
∙ 12y ago
Wiki User
∙ 9y agoAndrew Carnegie argued in favor of monopolies because too much competition can be disadvantageous to business owners. The other smaller companies will take more of the market share.
Wiki User
∙ 12y agoHe was but did not WA NT to be a monopolist.
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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.
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 reflects an accurate argument in favor of a command economy?
Which statement reflects an accurate argument in favor of a command economy
The most accepted argument in favor of market economies is their efficiency The argument most accepted in favor of command economies is the belief that they are?
More Traditional
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
To speak or argue in favor of something?
Person who speaks or argues in favor of something is known as an advocate.
What is a sentence that has the word assimilation in it?
Assimilation is the process by which individuals or groups of people acquire the cultural traits of another group, often resulting in a blending of cultures.
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.
