Tyranny, as aristotle said is “Any sole ruler, who is not required to give an account of himself, and who rules over subjects all equal or superior to himself to suit his own interest and not theirs, can only be exercising a tyranny.”
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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The Romans were notoriously known for building massive roads from place to place, effectively uniting the empire's cities and trade routes. One such example of this is the Silk Road. A road that spanned across the Roman Empire all the way east to Asia.
The man is John Paul Jones
