300
A business strategy, often used by Gilded Age tycoons, that attempts to insulate a company from competition by integrating every aspect of production into a single company, thus eliminating middlemen. Steel baron Andrew Carnegie, for example, owned coal and iron fields, railroads, shipping companies, and marketing interests that were involved in the transportation and sale of his steel. By eliminating expensive middlemen, businessmen like Carnegie could secure more profit for themselves.
What is Vertical Intergration