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Andrew Carnegie began working with steel due to the booming demand for steel in the late 19th century, driven by rapid industrialization and infrastructure development in the United States. Recognizing the potential for profit and growth in the steel industry, he invested in innovative production techniques and technologies, such as the Bessemer process, which allowed for more efficient steel manufacturing. This strategic move ultimately led to the establishment of Carnegie Steel Company, making him one of the wealthiest individuals of his time.
What else can I help you with?
What did Andrew Carnegie invent?
Andrew Carnegie didn't invent anything. He started a company - The Carnegie Steel Company.
When did Andrew Carnegie invent?
steel
Who invented the steel making?
Andrew Carnegie
How did Andrew Carnegie make steel?
Andrew Carnegie used the Bessemer process to make steel. This method made steel making both very cheap and very efficient.
Why was Andrew Carnegie's nickname Steel Baron?
He made a steel industry
What did Andrew Carnegie Invest in?
Andrew Carnegie invested on steel
What did Andrew carnegie Investments?
Andrew Carnegie invested on steel
Who is the captain of industry who made steel?
Andrew Carnegie
Who had a monopoly in the steel industry?
Andrew Carnegie and then he sold it to J.P. Morgan
Where did Andrew Carnegie found Carnegie steel?
Philadelphia, Pennsylvania
What city or place is Andrew Carnegie Mansion in?
New York City Andrew Carnegie was founder of the Carnegie Steel Company which later became U.S. Steel.
What did Andrew Carnegie invent?
Andrew Carnegie didn't invent anything. He started a company - The Carnegie Steel Company.
Andrew Carnegie managed to keep production cost for his steel mills low by?
doing stuff and working
When did Andrew Carnegie invent?
steel
Who was the king of steel?
Andrew Carnegie
What industry did Andrew carnegie?
Steel
What was Andrew Carnegie's monopoly?
Andrew Carnegie's Monopoly is the extreme case in capitalism.
