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Carnegie alone estimated that 40% was returned on the investment, i.e., a profit of $40,000 from a $100,000 investment in the mill. [3] The profits made by the Edgar Thomson Steel Works were substantial enough to let Carnegie and his partners, including Henry Clay Frick, his cousin George Lauder, and Henry Phipps Jr., buy
The Carnegie Boys: The Lieutenants of Andrew Carnegie that Changed America (McFarland, 2012) online. VanSlyck, Abigail A. (1991). "'The Utmost Amount of Effective Accommodation': Andrew Carnegie and the Reform of the American Library." Journal of the Society of Architectural Historians. 50(4): 359–383. ISSN 0037-9808. Zimmerman, Jonathan.
One of the investors they attracted was Andrew Carnegie, who saw great promise in the new steel technology after a visit to Bessemer in 1872, and saw it as a useful adjunct to his existing businesses, the Keystone Bridge Company and the Union Iron Works. Holley built the new steel mill for Carnegie, and continued to improve and refine the process.
An Airbus A321 on final assembly line 3 in the Airbus Hamburg-Finkenwerder plant Hyundai's car assembly line. An assembly line, often called progressive assembly, is a manufacturing process where the unfinished product moves in a direct line from workstation to workstation, with parts added in sequence until the final product is completed.
The Carnegie Boys: The Lieutenants of Andrew Carnegie that Changed America (McFarland, 2012). Temin, Peter. Iron and Steel in Nineteenth-Century America, An Economic Inquiry (1964) Wall, Joseph Frazier. Andrew Carnegie (1989). ISBN 0-8229-5904-6. Warren, Kenneth, Big Steel: The First Century of the United States Steel Corporation, 1901–2001.
The new plant was a model of industrial efficiency for the time: it was well lit and ventilated, employed conveyors to move parts along an assembly line, and workers' stations were orderly arranged along the line. The efficiency of the assembly line allowed Ford to realize great gains in economy and productivity; in 1912, Ford sold 6,000 cars ...
Andrew Carnegie, (a Scottish emigrant), bought the 2 year old Homestead Steel Works in 1883, and integrated it into his Carnegie Steel Company. [1] For many years, the Homestead Works was the largest steel mill in the world and the most productive of the Mon Valley's many mills.
Thomas' death was a serious blow to Andrew Carnegie's financial interests. Thomas had run most of Andrew's enterprises, and to fill his role Andrew Carnegie turned to Henry Clay Frick as his replacement. [129] Frick later played a critical role in the Homestead Strike and in brokering the deal between Carnegie and J. P. Morgan that created U.S ...