Michigan M-STEP Grade 11 Social Studies Practice Questions - Michigan Student Test Of Educational Progress Grade 11 Social Studies Exam

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Andrew Carnegie dominated the late nineteenth-century steel industry by implementing vertical integration. How did this strategy benefit his company?

It relied on state government subsidies to fix consumer prices above market value It allowed Carnegie to control iron ore mines, coal fields, railroads, and steel mills to lower production costs It granted factory workers voting seats on the board of directors to reduce labor strikes It forced competing steel manufacturers to sell their factories at federal price caps

Correct Answer:

It allowed Carnegie to control iron ore mines, coal fields, railroads, and steel mills to lower production costs

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