“Andrew Carnegie, for instance, almost single-handedly reduced the price of steel rails from $160 per ton in 1875 to $17 per ton” The Misplaced Fear of “Monopoly” The Future of Freedom Foundation

Andrew Carnegie, for instance, almost single-handedly reduced the price of steel rails from $160 per ton in 1875 to $17 per ton nearly a quarter century later. John D. Rockefeller pushed the price of refined petroleum down from more than 30¢ per gallon to 5.9¢ in 1897. Cornelius Vanderbilt, operating earlier in the century, reduced fares on steamboat transit by 90, 95, and even 100 percent. On trips for which a fare was not charged, Vanderbilt earned his money by selling concessions on board.

via The Misplaced Fear of “Monopoly” The Future of Freedom Foundation.

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