Question

How did Andrew Carnegie gain control of the steel industry? a. by giving away his money b. by becoming a partner of Edwin Drake c. by buying all the other steel mills d. by practicing vertical consolidation

Answer 1

D is correct c might be correct but not sure try it at your own risk.

Answer 2

c. by buying all the other steel mills Explanation:

The Bessemer Process

This is a process known as horizontal integration.

Andrew Carnegie also created a vertical combination, an idea first implemented by Gustavus Swift. He bought railroad companies and iron mines. If he owned the rails and the mines, he could reduce his costs and produce cheaper steel.