Answer:
The reasons that made Clinton a success in domestic policy are:
Previous periods left the country in deficit and he rebalanced the government budget and spending to fulfill that gap and increase the government covering.
Because even when the government wanted to cut medicare budget, and he presented a plan to keep it working without any cuts.
Because due to the lack of funds part of the government was going to shut down its duties, but he managed to convince the fed to cut interests, rebalance the budget, and then increase the budget to give more to the people.
Explanation:
First of all, we need to understand something, the country was in a state of chaos because previous governments had spent so much money they were in debt and they had to cut several essential programs to keep the basic government duties on. However, he analyzed the situation and re-balanced the budget to keep everything working as well as convincing the FED president to cut interest rates, as well as to a plan to boost the economy. One of his major contributions was the prevail of medicare.
Andrew Carnegie was the one who used vertical integration to control steel production.
Vertical integration involves:
- Owning all the companies in the supply chain of a good including the <u>producers to the retailers </u>
- Being able to reduce production costs as a single company owns the various stages of production
Andre Carnegie founded Carnegie Steel which he used to acquire the suppliers of steel all the way to the sellers.
This allowed him to control the steel industry as he could overcharge competitors for steel whilst maintaining lower prices for his company.
In conclusion, Andrew Carnegie was able to us vertical integration to control the steel industry in a monopolistic like manner.
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