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

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Madeleine Carney

History

24 October, 01:45

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

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Nikolas · Answer 1

The main reason that Carnegie invested in the Frick Coke Company, was because he wanted to invest in new technology.

Monica Hayes · Answer 2

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.