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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Answer:
East German mark
Explanation:
The currency used during the tiem of nazi's were called the East German mark.
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Answer:
after World War II, radical changes in newspaper production in particular and mass communication in general occurred on a par with those brought by the Industrial Revolution.
Explanation:
