Andrew Carnegie used horizontal integration. He bought out his competition through this technique making his business more profitable.
build libraries
Vertical Integration
It allows farmers and settlers to move out and build new homes and farms in places that had been a wilderness. The steel plow allowed them to till the soil and build roads and clear trees and this helped America expand to the West.
The four main factors of production as applied to a typical project in the construction industry include: · land as the capital cost of purchase · labour as the human resource to build the project, · capital as the finance required to invest in the project · entrepreneur as the owner of the company providing the inspiration to complete the project
The list is huge as to the reasons. That's where the workers are The power supply required The infrastructure and logistic support to manufacture and ship product. Really where else would you build In buck f nowhere. Hire the six farmers that live within fifty miles Build your own power plant to produce the power that large industry requires. I think very soon a small city would spring up to support the industry's needs. What do you think city's started from. Banks and restaurants
Andrew Carnegie didn't build an actual empire. It was just the name given to his work. Andrew is known for creating what is referred to as a "Steel Empire". He was a Scottish industrialist who led the huge expansion of the steel industry in the 19th century.
He Found a steel industry in the United StateThen he decided to build tall very tall buildings called skyscrapers from steel
When Andrew Carnegie moved from Scotland to the United States, he initially settled in Pittsburgh, Pennsylvania. The family arrived in the U.S. in 1848, and Pittsburgh was where Carnegie would later build his fortune in the steel industry. The city's booming industrial environment was pivotal to his success and development as a business leader.
build libraries
Build railroads
Andrew Carnegie's company the Carnegie Corporation of New York helped build 1,689 public libraries in the United States between the years 1883 and 1929. Worldwide the number is 2509.
Andrew Carnegie
Vertical Integration
Andrew Carnegie
Andrew Carnegie followed his own advice in rising to the top by emphasizing continual self-improvement, networking with influential figures, and making strategic investments to grow his wealth. He applied his principles of hard work, innovation, and adaptability in his own business ventures, particularly in the steel industry, which ultimately led to his success and accumulation of wealth.
I think the one you are thinking of would be Andrew Carnegie founder of the Carnegie-Mellon university.
Andrew Carnegie believed in the concept of philanthropy and giving back to society. He believed that it was the duty of the wealthy to use their resources to improve the well-being of others. Carnegie also wanted to leave a positive legacy and make a lasting impact on society with his wealth.