Industrial Capitalism and Monopolies in the Late 19th Century

During the late 19th century, the United States experienced rapid industrialization, which transformed the economy and society. One prominent figure in this era was Andrew Carnegie, who played a significant role in the expansion of the steel industry. Carnegie's approach and the subsequent rise of the steel industry were indicative of broader trends in industrial capitalism that emphasized large-scale production, technological innovation, and significant labor forces. Analyze the statements below to determine which is the most accurate reflection of industrial capitalism during this period.