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In which business did Andrew Carnegie create a monopoly?

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In which business did Andrew Carnegie create a monopoly?

Andrew Carnegie's Monopoly

Near the beginning of the twentieth century, Andrew Carnegie managed to build the largest company of the time. His business developed into a vertical monopoly by controlling every aspect of one highly valuable product.

Answer and Explanation:

Andrew Carnegie created a monopoly in the steel industry. Construction of Carnegie's first steel mill began in 1872. The mill capitalized on...

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Andrew Carnegie and the Robber Barons

from History 104: US History II

Chapter 2 / Lesson 3
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