Question

question 3 of 10

who was the founder of an extremely profitable steel company?

a. j. p. morgan
b. john d. rockefeller
c. henry ford
d. andrew carnegie

Explanation:

Identify the industry of each figure

To find the steel company founder, we examine the primary industry associated with each historical figure:

• J. P. Morgan was a dominant financier and banker who later bought Carnegie's company to form U.S. Steel, but he was not the original founder of the steel empire.
• John D. Rockefeller founded the Standard Oil Company, dominating the oil industry.
• Henry Ford revolutionized the automobile industry with the Ford Motor Company and assembly line production.
• Andrew Carnegie founded the Carnegie Steel Company, which became the most profitable steel enterprise in the world.

Connect to steel manufacturing

Using the Bessemer Process and vertical integration, Andrew Carnegie revolutionized steel production in the United States during the era of Gilded Age Industry. His company, Carnegie Steel, drastically lowered the cost of producing steel, making it highly profitable and essential for building railroads, bridges, and skyscrapers.

Answer:

• (A) J. P. Morgan
• (B) John D. Rockefeller
• (C) Henry Ford
• (D) Andrew Carnegie (Correct answer)