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Answer:

Andrew Carnegie: Steel Magnate

Over the next few decades, he created a steel empire, maximizing profits and minimizing inefficiencies through ownership of factories, raw materials and transportation infrastructure involved in steel making. In 1892, his primary holdings were consolidated to form Carnegie Steel Company.

Explanation:

At Andrew Carnegie's Homestead Steel Works plant, he successfully implemented the Bessemer process. His steel empire manufactured the raw materials.

Who was Andrew Carnegie?

Andrew Carnegie was a presenter and industrialist, belongs to Scotland. Carnegie was one of the richest Americans in past times, having innovated the outgrowth of the American steel industry in the late 1800s.

He rose to prominence as an altruist in both the U.S. and the British Empire.  

He constructed a steel empire concluded the next two decades, maximizing revenues and eliminating inefficiencies by owning plants, raw materials, and transportation infrastructure involved in steel production.

Carnegie Steel Company was formed in 1892 when his major holdings were consolidated.

Therefore, the Andrew Carnegie changed the manufacturing process in the steel industry.

Learn more about Andrew Carnegie, refer to:

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