USA HISTORY

WESTWARD EXPANSION INDUSTRIALIZATION URBANIZATION 1870 1900

AMERICAN INDUSTRY DEVELOPMENT IN THE GILDED AGE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Who was best known for being in STEEL?
A
J. P. Morgan
B
John D. Rockefeller
C
Andrew Carnegie
D
Thomas Jefferon
Explanation: 

Detailed explanation-1: -Andrew Carnegie was an industrialist best known for leading the expansion of the American steel industry in the late 19th century.

Detailed explanation-2: -One of the captains of industry of 19th century America, Andrew Carnegie helped build the formidable American steel industry, a process that turned a poor young man into the richest man in the world. Carnegie was born in Dunfermline, Scotland, in 1835.

Detailed explanation-3: -In the early 1870s, Carnegie co-founded his first steel company, near Pittsburgh. 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.

Detailed explanation-4: -Andrew Carnegie became the undisputed king of steel in the 1800s. He crushed competitors backed by J.P. Morgan, Andrew Mellon and other captains of finance. Carnegie also reaped profits by investing in railroad-related firms, bridges and oil operations.

Detailed explanation-5: -Carnegie Steel Company was a steel-producing company primarily created by Andrew Carnegie and several close associates to manage businesses at steel mills in the Pittsburgh, Pennsylvania area in the late 19th century.

There is 1 question to complete.