Question

Andrew Carnegie was an industrial giant of the Gilded Age. Identify the statements that describe Carnegie.

He leveraged vertical integration to create the largest and most technologically advanced steel factories in the world.
Carnegie distributed much of his wealth to various philanthropies.

Answer 1

Andrew Carnegie rose from humble origins to dominate the steel industry through vertical integration and later became a major philanthropist, funding educational and public institutions.

Step-by-step explanation:

Andrew Carnegie was indeed an industrial giant of the Gilded Age, having risen from humble beginnings to become the world's leading steel producer. He used vertical integration to not only lower costs but also gain control over every aspect of steel production. This strategy involved direct ownership of resources such as mines, foundries, and railroads, which led to the creation of the largest and most technologically advanced steel factories of that time.

Carnegie also became a prominent philanthropist in his later life, redistributing a great portion of his vast wealth to various philanthropic causes. He funded the construction of libraries, schools, and higher education institutions, significantly impacting public knowledge and education.

Answer 2

Andrew Carnegie was an industrial giant of the Gilded Age who utilized vertical integration to create advanced steel factories and distributed his wealth to philanthropies.

Step-by-step explanation:

Andrew Carnegie, an industrial giant of the Gilded Age, was a Scottish-American business magnate and philanthropist. Born in the year 1835, he amassed wealth through his leadership in the steel industry, founding Carnegie Steel Company. Later, he dedicated much of his fortune to philanthropy, supporting education and libraries, leaving a lasting legacy.

He used vertical integration to control every aspect of steel production, including mines, foundries, and railroads, which allowed him to create the largest and most technologically advanced steel factories in the world. In addition, Carnegie became a philanthropist later in life and distributed much of his wealth to various philanthropies. His donations were used to construct libraries, schools, and institutions of higher education.