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John D. Rockefeller developed the Standard Oil Company which was the leader of the Oil industry in the U.S in the late 19th century. Andrew Carnegie boomed the Steel industry in the late 19th century and ended up selling the Carnegie Steel Company to John P. Morgan.
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What is the relationship between a weak dollar and steel prices?
It makes US produced steel cheaper in the international market. Also it makes oil more expensive which in turn makes foreign steel more expensive in transportation cost. Therefore US steel industries will benefit as a whole.
Who attacked the US in 1941 in response to the US banning the sale of iron steel and oil?
Japan attacked the US on December 7, 1941 for a variety of reasons, including the ban on the sale of iron, steel and oil.
Who developed the steel industry in the US?
because people started to farm insted of going to hunt
What are some factors which contributed to the growth of US Industry between 1800 and 1850?
The rise of US industries became more fully developed in the latter part of the 19th century and beyond. Propelling this advance were the expanding railroad companies and the oil industry beginning first out of Pennsylvania, and later in other parts of the US. Regulations by the Federal government curbed the excesses of industry powers in the US economy.Certainly railroads and oil were two causes of the rise, however, steel production and new inventions also helped give rise to ever expanding industries.
What industry dominated the US economy in the late 19th century?
Steel and oil production led the industrial output and economics by the year of 1880 in the US. It was the source of many new jobs, and the US economy was a rival to that of Great Britain.
Who developed the oil and steel industries in the US?
John D. Rockefeller developed the Standard Oil Company which was the leader of the Oil industry in the U.S in the late 19th century. Andrew Carnegie boomed the Steel industry in the late 19th century and ended up selling the Carnegie Steel Company to John P. Morgan.
Which two men are largely credited with establishing the steel and oil industries in the US?
Andrew Carnegie and John D. Rockefeller
What is the relationship between a weak dollar and steel prices?
It makes US produced steel cheaper in the international market. Also it makes oil more expensive which in turn makes foreign steel more expensive in transportation cost. Therefore US steel industries will benefit as a whole.
Why do us industries like steel computers and energy need to be protected from foreign competition?
Crucial US industries need to be protected from competition because they contribute heavily to the country's GDP. Computers and steel industries also employ many people in the USA.
Who made stainless steel?
Harry Brearley (UK) and Elwood Haynes (US) developed stainless steel in 1913.
Who attacked the US in 1941 in response to the US banning the sale of iron steel and oil?
Japan attacked the US on December 7, 1941 for a variety of reasons, including the ban on the sale of iron, steel and oil.
Who developed a major steel monopoly in the US during the 19th century?
J.P Morgan
What major economic development occurred during the late 1800's in the US?
Rich Industrialists and Bankers were able to create many monopolistic trusts and control important industries such as steel, oil , and railroads (The Robber Barons) during the 1800s
Who first made stainless steel?
Stainless steel was first discovered by Harry Brearley, a British metallurgist, in 1913. Brearley developed a steel alloy with high resistance to corrosion, which eventually led to the creation of stainless steel.
What are the 3 major industries in the US in order from greatest to least?
oil, movies, mcdonalds
What is US Steel 224?
US Steel 224 is the Industry Standard for industrial gear oil performance. It contains a list of tests and specifications that should be met to formulate an acceptable extreme pressure gear oil for industry.
What are the main imports of the US?
steel, plastic and oil, from africa, china and the middle-east
