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Andrew Carnegie (English: ... (equal to $11,113,550,000 today); [7] ... With the steel industry doing well and prices higher, the AA asked for a wage increase; the AA ...
It sold at roughly $492 million [11] ($18 billion+ today), of which $226 million ($8.3 billion+ today) went to Carnegie himself. [12] U.S. Steel was a conglomerate with subsidiary companies . The name of the subsidiary company was changed to the Carnegie- Illinois Steel Company in 1936.
At the time, Andrew Carnegie owned over half of it. Henry Clay Frick began to supply Carnegie Brothers and Company with coal and coke that was required to operate the steel mills. This relationship progressed with the result in Frick being the major supplier of coke to the new company. [1] Thomas Carnegie, Andrew Carnegie's brother died in 1886 ...
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 Carnegie Boys: The Lieutenants of Andrew Carnegie that Changed America (McFarland, 2012). Seely, Bruce E., ed The Iron and Steel Industry in the 20th Century (1994) (Encyclopedia of American Business History and Biography) Temin, Peter. Iron and Steel in Nineteenth-Century America, An Economic Inquiry (1964) Wall, Joseph Frazier. Andrew ...
Lucy Furnace was a pair of blast furnaces in Pittsburgh, Pennsylvania, on the Allegheny River in Lawrenceville.The furnaces were part of the Carnegie Steel Company, with the first furnace erected in 1871 by brothers Andrew and Thomas M. Carnegie, Andrew Kloman and Henry Phipps Jr. [1] This furnace was the first one built new by the Carnegies. [2]
The steel works were first constructed in 1881. 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.
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.