WESTWARD EXPANSION INDUSTRIALIZATION URBANIZATION 1870 1900
ANDREW CARNEGIE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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steel is weaker and more malleable than iron and can be made more cheaply
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steel is stronger and more malleable than iron and can be made more expensive
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steel is stronger and more malleable than iron and can be made more cheaply
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None of the above
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Detailed explanation-1: -Because of his position, Carnegie had knowledge of the war machine during the Civil War and saw there was a large need for iron products. After the war he used this new knowledge to switch his business interests from railroads and telegraphs to the ironworks industry, eventually founding the Keystone Bridge Works.
Detailed explanation-2: -Carnegie’s investments and skill in iron led to his great success in steel. There were two significant pillars to his success: technical innovation and business innovation. Carnegie adopted a new process invented by Sir Henry Bessemer that allowed steel to be made from iron more efficiently and quickly.
Detailed explanation-3: -As technology improved, Carnegie ordered existing equipment to be torn out and replaced. He quickly made back these investments through reduced labor costs, and his mills remained always the most productive in the world. The life of a 19th-century steel worker was grueling.
Detailed explanation-4: -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.