Question

What were some of the challenges Carnegie faced? Do you think he could have avoided these difficulties?

Answer 1

Carnegie had unlimited control of the steel industry during the 1880s. He had monopoly over the steel business and it was up to him how he did the pricing and what services he offered. During the 1890s, the government had taken action to limit Carnegies control over the steel industry. Regulations crippled Carnegie's business.