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Oh Okay Pushers check out this painting here in this

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cartoon monopoly and then the worker And it's not a

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happy day All the faces on the ground is the

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firewood Things burning well Some industrialist's used vertical integration which

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is a means of what Well Vertical integration is the

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business practice of one company controlling all phases of the

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production of a good It's the process Andrew Carnegie used

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to gain control of the steel industry will Rather than

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relying on another company to mine iron or and then

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a second company to ship it to his refineries Carnegie

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bought the minds and the shipping companies so that the

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entire process could be controlled and made as efficient as

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possible A vertically integrated company doesn't necessarily have a monopoly

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because well there could definitely be more than one vertically

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integrated company doing the same thing at the same time

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competing against one another But when Carnegie first started the

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practice he out competed everyone else fairly easily and was

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able to monopolize the steel industry naturally without resorting toe

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Other shady business practices Well the answer here is be

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streamlining production so that one coming controls all phases from

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raw material the finished product and the loser bowl here

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Well vertical integration has nothing to do with moving upward

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in a society Getting control of the market by outlying

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with the competition to control an entire level of production

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is horizontal integration not vertical John D Rockefeller was famous

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for using it in the oil industry making the production

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process flow more smoothly by teaching each level of employees

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The full process was not commonly practiced Frederick Winslow Taylor

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was famous for doing the opposite He kept the workers

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separate and uninformed about the entire process And you'll read

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more about all these guys A CZ We go along

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there anyway that's it The answer here its beak streamlining 00:01:51.31 --> [endTime] production being vertical

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