Control all parts of production, thus can control price of a product

Who vertically integrated the Steel Making Process

Which of the following wass NOT a part of Carnegie;s vertical integration (monopoly) of the steel industry?

Andrew Carnegie: If you make a bunch of money, you should give it away or spend it to help people

Controlling ALL of one part of production

Who monopolized the oil refining industry?

Rockefeller monopolized the oil industry by SIMPLY LOWERING PRICES

Rockefeller monopolized the oil industry through innovation (better shipping methods and not wasting oil)

Which was NOT a new product from oil that was discovered by Rockefeller and his scientists?

Bascially, Rockefeller could charge low prices because he found many uses for a barrel of oil, where as his competitors could only make money off a small portion of a barrel of oil (kerosene).

Which best describes John D Rockefeller

What was the unintended consequence of Andrew Carnegie GOSPEL OF WEALTH

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