Ask Question
19 July, 13:54

How did Andrew Carnegie use vertical integration to increase his power?

+2
Answers (1)
  1. 19 July, 14:14
    0
    This is a process known as horizontal integration. Carnegie also created a vertical combination, an idea first implemented by Gustavus Swift. He bought railroad companies and iron mines. If he owned the rails and the mines, he could reduce his costs and produce cheaper steel.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “How did Andrew Carnegie use vertical integration to increase his power? ...” in 📗 History if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers