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Andrew Carnegie had a steel vertical monopoly by obtaining control over every level involved in steel production, from raw materials, transportation and manufacturing to distribution and finance.

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How did Andrew Carnegie become a tycoon?

He started selling steel.


How did Andrew carnegie influence us business and turn the us economy?

His steelworks helped the united states become the world's leading industrial power.


How did Andrew Carnegie become wealthy?

he found gold at the end of a rainbow


How did Andrew Carnegie become the richest man ever?

He sold steel


How did andrew Carnegie's steel company become so successful?

he had low prices


How did Andrew Carnegie become a successful businessman?

he wrote letters to people all around the world and made over 35 million .


Who brought the steel industry to America What Year?

The steel industry in America was significantly developed by Andrew Carnegie, who founded the Carnegie Steel Company in 1892. Carnegie's efforts, along with the introduction of the Bessemer process for steel production, revolutionized the industry and made steel more affordable and accessible. By the late 19th century, he had become a leading figure in the American steel industry, contributing to its growth and expansion.


How would Horatio Alger describe Andrew Carnegie's transformation?

Horatio Alger might describe Andrew Carnegie's transformation as a rags-to-riches story where he went from humble beginnings to become one of the richest men in history. Alger would likely emphasize Carnegie's hard work, determination, and entrepreneurial spirit that allowed him to achieve success through his steel empire.


Who made steel from iron to become the largest producer of steel in America?

The modern method of making steel from Iron ore was originally invented in England in the 1700s by a man named Bessemer, who invented the Bessemer Converter. American interest in steel came a lot later when they needed steel for railroad tracks and steam locomotives. The largest producer was, and still is, US Steel.


How was Andrew Carnegie's life in the US?

Andrew Carnegie emigrated from Scotland to the United States as a child and rose from humble beginnings to become one of the wealthiest industrialists of his time. He started as a bobbin boy in a cotton factory and later invested in various ventures, notably the steel industry, where he founded Carnegie Steel Company. His success was marked by innovations in production and management, ultimately leading to the steel industry's dominance in America. Later in life, he became a notable philanthropist, giving away much of his fortune to support education, libraries, and cultural institutions.


What Andrew Carnegie did to become associated with history?

He was a very important business man in the steel industry, and also a very important philanthropist who paid for many libraries as well as Carnegie Hall in New York, which remains an important auditorium to this day.


Why international business has become more complex than 20 years ago?

Andrew carnegie a sottish immigrant built a corporate empire that evenuially becom 1..............,2............... .