How did the Carnegie’s purchase of Allegheny Steel contribute to the formation of his monopoly?
The purchase gave Carnegie new access to the raw materials he needed.
The purchase enabled Carnegie to discover a more efficient production method.
The purchase enabled Carnegie to control most of the rail lines.
The purchase gave Carnegie control of coke production.
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Can you summarize this? it takes time and caution to perfect anything which must be concealed. it takes time to crush men who are pursuing legitimate trade. but one of mr. rockefeller’s most impressive characteristics is patience. there never was a more patient man, or one who could dare more while he waited. the folly of hurrying, the folly of discouragement, for one who would succeed, went hand in hand. everything must be ready before he acted, but while you wait you must prepare, must think, work. "you must put in, if you would take out." his instinct for the money opportunity in things was amazing, his perception of the value of seizing this or that particular invention, plant, market, was unerring.
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How did the Carnegie’s purchase of Allegheny Steel contribute to the formation of his monopoly?
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