🎓 CLEP Exam Prep

During the Gilded Age, industrialist Andrew Carnegie utilized 'vertical integration' in his steel empire primarily to:

A Negotiate collective bargaining agreements with labor unions.
B Control all aspects of steel production, from raw materials to distribution.
C Form trusts with competing steel companies to eliminate competition.
D Donate a significant portion of his wealth to philanthropic causes.

✓ Correct Answer: Option B

Vertical integration allowed Carnegie to own or control every stage of steel production, from iron ore mines and coal fields to railroads and shipping lines, thereby reducing costs and maximizing profits.

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