Question

block 5th 6th 8th the bessemer process revolutionized steel production. how did this technological innovation affect business practices and the rise of figures like andrew carnegie? 20 points it made the production of steel prohibitively expensive, leading to a decline in its use for infrastructure. it primarily affected iron production, which was a separate industry from steel, thus having no significant effect on carnegies business. it lowered the cost of steel production, allowing carnegie to produce massive quantities cheaply and undercut competitors, ultimately leading to a monopoly. it made steel production more labor - intensive, leading to an increase in the number of small, independent steel mills.

Explanation:

The Bessemer Process was a new method for making steel that reduced costs. Andrew Carnegie capitalized on this to produce large - scale, low - cost steel, undercutting competitors and building a business empire.

Answer:

It lowered the cost of steel production, allowing Carnegie to produce massive quantities cheaply and undercut competitors, ultimately leading to a monopoly.