USA HISTORY

Detailed explanation-1: -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: -Answer and Explanation: Andrew Carnegie (b. 1835-1919) gained control of the U.S. steel industry by producing quality steel at low prices and by taking over every stage of production, eventually gaining a monopoly.

Detailed explanation-3: -By 1889, steel production in the United States outpaced that of the U.K. – and most of that was under Carnegie’s control. By then, Carnegie was one of the wealthiest men in America.

Detailed explanation-4: -His steel empire produced the raw materials that built the physical infrastructure of the United States. He was a catalyst in America’s participation in the Industrial Revolution, as he produced the steel to make machinery and transportation possible throughout the nation.

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.