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What was the main reason that Carnegie invested in the Frick Coke Company?

A. He wanted to make sure he could always get fuel for his steel plant.
B. He thought he could help the company become profitable.
C. He wanted to invest in new technology.
D. He was interested in the coal business.



Answer :

GinnyAnswer

Final answer:

Andrew Carnegie invested in the Frick Coke Company to control all aspects of steel production and reduce costs through vertical integration.


Explanation:

Andrew Carnegie invested in the Frick Coke Company mainly because he sought to control every aspect of steel production and lower costs by direct ownership of mines, foundries, and railroads. This strategy, known as vertical integration, allowed him to dominate the steel industry by owning all factors of production. By owning the suppliers, including mines, Carnegie ensured a continuous and cost-effective supply of fuel for his steel plants.


Learn more about Andrew Carnegie and vertical integration here:

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