Question

Which company was a monopoly during the Gilded Age?
Carnegie Steel
Homestead Steel Works
AT&T
Allegheny Steel

Answer 1

During the Gilded Age, Carnegie Steel was considered a monopoly in the steel industry. Founded by Andrew Carnegie, the company grew to dominate the steel production market in the United States, leading to significant industrial growth and consolidation within the industry. While AT&T also exercised monopoly power in the telecommunications sector later in the 20th century, it was Carnegie Steel that was the prominent monopoly during the Gilded Age itself.