Based on the life of the average coal miner, Andrew Carnegie’s views aren’t ethical. His steel industry was based off a monopoly and taking advantage of the working people. Today what Carnegie would do would be considered illegal. Carnegie’s business was a monopoly; he practiced vertical integration, meaning he attained authority of every step associated with creating steel. A monopoly is atrocious because it allows one large company to take over selling a product or service, so this gives them an advantage over other companies that sell the same product. Monopolies aren’t a benefit for the economy for various reasons some include price-fixing, setting a price regardless of demand because the consumer has no other choice but to buy that product,