Question

what impact did andrew carnegie and john d. rockefeller have on the american economy in the late 1800s? responses they created company towns to take care of their workers and provide adequate living conditions. they created company towns to take care of their workers and provide adequate living conditions. they established and dominated the new steel and oil industries. they established and dominated the new steel and oil industries. as secretary of the treasury and secretary of labor, they oversaw the reconstruction process. as secretary of the treasury and secretary of labor, they oversaw the reconstruction process. they built the transportation industry and oversaw the completion of the transcontinental railroad.

Answer 1

1. Carnegie was a pioneer in the steel industry and played a key role in the development of his Bessemer process.

2. Rockefeller was a pioneer in the oil industry and co-founder of Standard Oil Company, which at the time was the world's largest and most powerful oil company.

Andrew Carnegie and John D. Rockefeller were two of America's most influential and successful business leaders of the late 19th and early 20th centuries. Both men made significant contributions to the American economy and shaped the nation's industrial landscape.

Carnegie was a pioneer in the steel industry and played a key role in the development of his Bessemer process. The Bessemer process revolutionized steel production, making it more efficient and affordable. He also played a key role in the expansion of the rail industry and the growth of the transportation sector. Rockefeller was a pioneer in the oil industry and co-founder of Standard Oil Company, which at the time was the world's largest and most powerful oil company. He also played a key role in the development of the gasoline industry and the growth of the automobile industry.

Both Carnegie and Rockefeller were known for their philanthropy and charitable giving, and founded foundations that continue to have a significant impact on society today. They also played a role in the development of company towns, towns owned and operated by a single company, often providing housing and other amenities for workers. However, they have also been criticized for their business practices, such as their use of monopolies and their treatment of workers.

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