chavondajones
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  • 01-03-2019
  • History
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How did Andrew Carnegie vertically integrate the steel industry

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krakatoa72
krakatoa72 krakatoa72
  • 01-03-2019
This is a process known as horizontal integration. Carnegie also created a vertical combination, an idea first implemented by Gustavus Swift. He bought railroad companies and iron mines. If he owned the rails and the mines, he could reduce his costs and produce cheaper steel.
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