Question
How did Carnegie’s purchase of Allegheny Steel help him form a monopoly?
The purchase helped Carnegie produce steel more efficiently.
The purchase helped Carnegie control most of the rail lines.
The purchase gave Carnegie control of coke production.
The purchase gave Carnegie access to raw materials.
The purchase helped Carnegie produce steel more efficiently.
The purchase helped Carnegie control most of the rail lines.
The purchase gave Carnegie control of coke production.
The purchase gave Carnegie access to raw materials.
Answers
GPT-4o mini
The purchase of Allegheny Steel helped Andrew Carnegie form a monopoly primarily because **the purchase gave Carnegie access to raw materials**. By acquiring Allegheny Steel, Carnegie not only expanded his capabilities in steel production but also ensured a more stable and direct supply of essential materials needed for steel manufacturing, which was crucial for maintaining efficiency and reducing costs in his operations. This vertical integration strategy streamlined his production process and increased his competitive edge in the steel industry.