Andrew Carnegie

Carnegie leaves the Pennsylvania Railroad

1865

After working and investing in the Railroads, Andrew Carnegie left the Pennsylvania Railroad, as he saw the future demand for Steel and Iron, and wanted to get a jump on the Steel and Iron market as soon as possible, so he could start selling Steel and Iron first before anyone else in America could.

Carnegie Steel Co. forms into a Monopoly

1889

Using Vertical Integration to his advantage, Andrew Carnegie merged his companies into one big Carnegie Steel Co, which was a massive Monopoly of Steel in the American market. As this was easier and cheaper to buy than imported steel overseas, and competition for Steel in America was eradicated, Carnegie Steel Co. was a major Monopolistic success.