Which statement most accurately represents Carnegie’s effect on the steel industry between 1865 and 1892?
Social Studies · Middle School · Tue Nov 03 2020
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Andrew Carnegie played a significant role in the steel industry during the late 19th century, and his impact can be summarized with the following statement:
Carnegie's effect on the steel industry between 1865 and 1892 was characterized by his implementation of vertical integration, which involved controlling every aspect of the steel production process, from raw materials to transportation. This strategy allowed Carnegie to increase efficiency, reduce costs, and dominate the market, ultimately contributing to the growth and consolidation of the American steel industry.