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QuizMultiple Choice

Monopolies and Trusts

Question 1 • EAP-Virginia and US History A CR

What business practices contributed most to Andrew Carnegie’s ability to form a monopoly?

Answer
A
combining his companies into one company and controlling all aspect of steel production
B
focusing on a single aspect of steel production
C
using profits to support charities and greatly improving his reputation
D
increasing his profits every year

Explanation

Carnegie used vertical integration: he brought related businesses under one company and controlled multiple stages of steel production, from raw materials and transportation to manufacturing. This reduced costs and limited competitors’ access to key supplies and services, helping him dominate the steel industry. The correct choice is A, combining his companies and controlling all aspects of steel production.

AI-written and checked against the verified answer.

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