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24 October, 01:45

What was the main reason that Carnegie invested in the Frick Coke Company

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  1. 24 October, 01:57
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    The main reason that Carnegie invested in the Frick Coke Company, was because he wanted to invest in new technology.
  2. 24 October, 02:00
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    Andrew Carnegie invested in Frick Coke Company because he wanted to invest in a company that could supply coke to his steel companies.

    Overall Andrew Carnegie saw the immense potential in the expanding railroads and he wanted to invest in a wide variety of companies that were connected with supplying the growth of the American railway system.

    Intially he only bought 11% of the ocmpany in 1880. Within the next 7 years he had bought over 74% of the company.
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