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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Explanation:
young organized voter registration and desegregation campaigns in various locations.
New england was considered to have the poorest economy in the early colonial days
Answer:
In the explanation. :)
Explanation:
Kaiser Wilhelm II wanted Germany to become a super power having the capability to rule the world. He was of the opinion that Germany had to be the most powerful nation in the whole of Europe. At the same time it has to be noted that Britain was the super power of the world. Wilhelm II wanted to be a ruler having the same power and he was also the grandson of Queen Victoria of England. The main reason behind building up the German army and navy was making Germany the ultimate super power in the world.
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