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No. Sir Henry Bessemer a British ( 1856) inventor patented the process by which molten pig iron disturbed by a current of air is turned directly into steel. Carnegie created the largest steel and iron works in America in the late 1860's using the Bessemer process. The invention of the Bessemer process was one of the things that led to the industrial revolution. It contributed to the railroads, the construction of tall buildings, and steel hull ships.
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What was Andrew Carnegie able to create by buying up all aspects of the steel industry?
Andrew Carnegie was able to create a vertically integrated steel empire by acquiring control over all aspects of the steel production process, from raw materials to transportation and manufacturing. This approach allowed him to reduce costs, improve efficiency, and maintain quality control, ultimately making steel more affordable and accessible. Carnegie's strategy not only revolutionized the steel industry but also contributed significantly to the industrialization of the United States. His success established him as one of the wealthiest individuals of his time.
What is the significance of the gospel of wealth?
it helped snoop doggy dog to create his most magnificent album to which was inspired from the gospel's teaching. from the excerpt of Slaveius chapter 15 verse 2, And Andrew Carnegie said, "yo let there be biches and hoes for all, and for all should be given cause we rich as hell, and as the words of promince fluttered out through our prophet's mouth it came to be true"
What were the two methods that Carnegie and Rockefeller use to create companies that were deemed as monopolies?
1.)Vertical Integration: a process in which you buy out the other competitors in order to be the only one left, creating a monopoly 2.)Horizontal Integration: companies that produce the same products merge together, to create a monopoly
How did Andrew carnegie acquired his wealth?
He progressed up the ranks of a telegraph company. He built Pittsburgh's Carnegie Steel Company, which was later merged with Elbert H. Gary's Federal Steel Company and several smaller companies to create U.S. Steel. He also led an enormous expansion in the American Steel Industry in the late 19th Century. He was also one of the highest profile Philanthropists of his era.
What did Andrew Jackson create to reward people who helped him win the election?
spoils system
Who was the Us iron master who devised a purification process for the manufacture of steel?
It was Sir Henry Bessemer who patented the process in 1856 to take pig iron disturbed by a current of air to turn it directly into steel. Andrew Carnegie, a Scottish immigrant, was able to use the Bessemer process in his steel mills after the civil war to create the largest iron/steel works in America.
What did Andrew Carnegie use to create a monopoly?
toothpaste
What was Andrew Carnegie's monopoly?
Andrew Carnegie's Monopoly is the extreme case in capitalism.
The process of combining iron with other metals to create a lighter non-rusting material was discovered by who?
Henry bessemer
Without the Bessemer process Americans might not have been able to create?
the morse code
What was Andrew Carnegie able to create by buying up all aspects of the steel industry?
Andrew Carnegie was able to create a vertically integrated steel empire by acquiring control over all aspects of the steel production process, from raw materials to transportation and manufacturing. This approach allowed him to reduce costs, improve efficiency, and maintain quality control, ultimately making steel more affordable and accessible. Carnegie's strategy not only revolutionized the steel industry but also contributed significantly to the industrialization of the United States. His success established him as one of the wealthiest individuals of his time.
Why did Andrew Carnegie and John d Rockefeller practice philanthropy?
Andrew Carnegie and John D. Rockefeller practiced philanthropy as a way to give back to society, improve their public image, and create a positive legacy. They also believed in the concept of "gospel of wealth," where the wealthy have a responsibility to use their fortune to benefit others.
Andrew Carnegie's gospel of wealth?
Andrew Carnegie's gospel of wealth was the belief that wealthy individuals have a responsibility to use their fortunes to benefit society. He argued that it is the duty of the rich to donate their wealth to philanthropic causes to help address social issues and support communities. Carnegie believed that philanthropy could help create a more harmonious society by redistributing wealth in a productive and beneficial way.
The process of combining iron with other metals to create a lightter non rusting materials was discovered by?
Henry bessemer
What were Andrew Carnegie's views on capitalism?
Andrew Carnegie was a very strong advocate of capitalism. He believed in the power of the individual to create his own destiny through hard work. He did not believe in the redistribution of wealth, nor did he believe in leaving too much to his children. He felt that if you give too much to your children it will make them dependant on this money and unwilling to work for themselves.
Who develop a procedure to create steel cheaply and easily?
Henry Bessemer =]
Who developed a procedure to create steel cheaply and cheaply?
Henry Bessemer =]
