Trading Houses & Industrial Giants · Industrial titans
Carnegie Steel & U.S. Steel
Andrew Carnegie's climb from bobbin boy to steel king: the Bessemer process, relentless cost cutting, vertical integration, the Homestead strike, the 1901 sale to J.P. Morgan creating U.S. Steel, and the Gospel of Wealth.
Step 1 of 6 · Overview30 min read ·
Key idea
Prereqs: Industrial revolution; Railroads. Next: Standard Oil; J.P. Morgan. Sources: David Nasaw, *Andrew Carnegie* (2006); Carnegie, 'The Gospel of Wealth' (1889).Next: 1. Rise