Understanding Carnegie's Industrial Practices

In the aftermath of the Civil War, the United States witnessed the rapid growth of industry, often referred to as the Industrial Revolution. Key figures emerged during this time who not only transformed their respective industries but also reshaped the notions of power and wealth in American society. One such individual was Andrew Carnegie, a monumental figure in the steel industry. His business practices, particularly regarding vertical integration, drastically changed the landscape of American capitalism.

Carnegie's methods focused on controlling every aspect of production from raw materials to transportation to manufacturing. This not only increased efficiency but also allowed him to reduce costs, making his steel products more affordable. However, this method also sparked significant debate about the morality of such business practices and their social implications.

Which of the following statements best characterizes the principles behind Carnegie’s approach to industrial capitalism?