How did the Carnegie's purchase of Allegheny Steel contribute to the formation of his monopoly?

A.) The purchase gave Carnegie new access to the raw materials he needed.

B.) The purchase enabled Carnegie to discover a more efficient production method.

C.) The purchase enabled Carnegie to control most of the rail lines.

D.) The purchase gave Carnegie control of coke production.

Answer: B.) The purchase enabled Carnegie to discover a more efficient production method.

Question

History

Fitzpatrick

1 July, 19:24

How did the Carnegie's purchase of Allegheny Steel contribute to the formation of his monopoly?

A.) The purchase gave Carnegie new access to the raw materials he needed.

B.) The purchase enabled Carnegie to discover a more efficient production method.

C.) The purchase enabled Carnegie to control most of the rail lines.

D.) The purchase gave Carnegie control of coke production.

Answer: B.) The purchase enabled Carnegie to discover a more efficient production method.

+4

Answers (2)

Know the Answer?

Cole Cowan · Answer 1

B would be the answer to this

Van Lloyd · Answer 2

The correct answer is Option b) The purchase enabled Carnegie to discover a more efficient production method.

Andrew Carnegie was a steel magnate of Scottish origin who was at the time, one of the richest people in the United States.

By today's time, he would have been worth more than $300 billion. While building his steel empire he was looking to expand vertically and buy smaller companies in order to eradicate competition.

With the purchase of Allegheny Steel, he was able to develop a more efficient production method.