Question

Who owned U.S. Steel and used Vertical integration to monopolize the steel industry? They also gave millions to build libraries and schools.

1) Andrew Carnegie
2) John D. Rockefeller
3) Henry Ford
4) J.P. Morgan

Answer 1

Andrew Carnegie, the owner of U.S. Steel, used vertical integration to monopolize the steel industry and later became a philanthropist, funding libraries and schools. Option 1

Step-by-step explanation:

The person who owned U.S. Steel and used vertical integration to monopolize the steel industry was Andrew Carnegie.

Carnegie rose from humble beginnings to become a major force in the American steel industry. His company, Carnegie Steel Company, practiced vertical integration by owning all the steps in the production process, from raw materials to transportation, thereby reducing costs and increasing efficiency.

After selling his company to JP Morgan, who created U.S. Steel Corporation, Carnegie devoted much of his wealth to philanthropy, funding the construction of numerous libraries and schools. Option 1