WESTWARD EXPANSION INDUSTRIALIZATION URBANIZATION 1870 1900
AMERICAN INDUSTRY DEVELOPMENT IN THE GILDED AGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Andrew Carnegie
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J.D. Rockefeller
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J.P. Morgan
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Jacob Riis
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Detailed explanation-1: -Andrew Carnegie: Steel Magnate Over the next few decades, he created a steel empire, maximizing profits and minimizing inefficiencies through ownership of factories, raw materials and transportation infrastructure involved in steel making. In 1892, his primary holdings were consolidated to form Carnegie Steel Company.
Detailed explanation-2: -Andrew Carnegie was an industrialist best known for leading the expansion of the American steel industry in the late 19th century.
Detailed explanation-3: -WEALTHIEST MAN IN THE WORLD Andrew Carnegie sold his steel company to J.P. Morgan for $480 million in 1901. Retiring from business, Carnegie set about in earnest to distribute his fortune. In addition to funding libraries, he paid for thousands of church organs in the United States and around the world.