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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President Carter attempted to solve the energy crisis by establishing the <span>National Energy Act.</span>
La constitución es la carta magna de un estado. ... La redacción de una constitución se basa en el principio de que el poder político de una nación debe ser ejercido de forma racional y organizada. Además, establece una separación de poderes que impide el absolutismo.
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