Discover new knowledge and insights with IDNLearn.com's extensive Q&A database. Our platform provides detailed and accurate responses from experts, helping you navigate any topic with confidence.

What was the main reason that Carnegie invested in the Frick Coke Company

Sagot :

Andrew Carnegie invested in Frick Coke Company because he wanted to invest in a company that could supply coke to his steel companies.



Overall Andrew Carnegie saw the immense potential in the expanding railroads and he wanted to invest in a wide variety of companies that were connected with supplying the growth of the American railway system.



Intially he only bought 11% of the ocmpany in 1880. Within the next 7 years he had bought over 74% of the company.

Answer:

he wanted to make sure he could always get fuel from his steel plant

Explanation: