" A man named Henry Bessemer transformed the production of steel once he figured out how to make it quicker and stronger. ... Using the Bessemer process to produce steel that satisfied the demand of US businesses and corporations, Carnegie quickly supplied more than half of the world's steel (Class Notes-Cost Benefit Analysis). ... Vertical integration is controlling every aspect of the production process. ... This allowed him to manipulate each stage of the steel process and not just the sales of the finished product. ... Rockefeller's goal was to control one aspect of the prod...

• Word Count: 1703
• Approx Pages: 7
• Grade Level: Undergraduate

This process was his calling. ... In November of 1872, Carnegie went from capitalist to entrepreneur by forming a company to manufacture Bessemer steel. ... This process was great for expansion and for profits, but for the people that had shares invested, a waiting game of when they would get a return had started. ...

• Word Count: 1149
• Approx Pages: 5
• Grade Level: High School

Ever since humanity began, people of all backgrounds have had to deal with how economic wealth should be shared. America could be used an example of this, even more specific, the era of 1870 to 1920. At this time in American history, mass production evolved, and people flocked to large cities such a...

• Word Count: 2083
• Approx Pages: 8
• Grade Level: High School