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Who was the backing for us steel?
U.S. Steel, officially known as the United States Steel Corporation, was founded in 1901 through the merger of several steel companies, including Andrew Carnegie's Carnegie Steel Company and the Federal Steel Company. The backing for U.S. Steel primarily came from J.P. Morgan, a prominent banker and financier, who played a crucial role in orchestrating the merger and providing financial support. This made U.S. Steel the first billion-dollar corporation in American history.
What did Andrew carnrgie?
(November 25, 1835 - August 11, 1919) Scottish immigrant, who came to America and founded on of the countries largest corporations, called Carnegie Steel. Great believer in the social gospel and donated a lot of money to the poor and to the arts. Was one of the richest men in the United States, when Carnegie Steel was purchased by J.P Morgan.
What separated Andrew carnegie from other robber barons?
One of the things that set Andrew Carnegie apart from the other "robber barons" was the fact that Carnegie came from a poor background. Carnegie started his work as a messenger boy for a telegraph office.
When did referendum start?
referendum started in the year 1901 when federation started and in the year 1901 a consist ion came and from there that is when a referendum started in there year 1901.
Is immigration bad or good for US?
Good. This country was built and made by immigrants. Our music, foods, art, architecture, businesses have all been because of people that are immigrants. Andrew Jackson parents were immigrants, 60% of the young men fighting in the civil war were Irish immigrants, Carnegie came as a poor Scottish immigrant and built a fortune in steel, but he also was a philanthropist who gave away his money for museums, the Carnegie Mellon university in 1904, donated 5 million to the NY public library so they could open other branches in 1901, established the Carnegie foundation for the advancement of teaching in 1905, and the Carnegie endowment for international peace in 1910. It is said more than 2,800 libraries were opened with his support. There are others like him who have given their wealth, ideas, and blood to this country. To ask this question and to question the immigrants is sad and shows a lack of understanding of American history. This country would not exist without immigrants.
Who made steel from iron to become the largest producer of steel in America?
The modern method of making steel from Iron ore was originally invented in England in the 1700s by a man named Bessemer, who invented the Bessemer Converter. American interest in steel came a lot later when they needed steel for railroad tracks and steam locomotives. The largest producer was, and still is, US Steel.
When was Andrew Carnegie business made?
Andrew Carnegie came to America from Scotland, and after doing factory work, he went to work for the Pennsylvania Railroad, as a telegrapher (he sent out messages, using the telegraph, which was how business communication was transmitted in those days). He developed a good understanding of the railroad business, and worked his way up in the company, eventually becoming an executive. He also began making investments into other businesses, especially the steel industry. He founded his own steel company in the 1870s, and built it into a force in the business world. In fact, by 1889, the Carnegie Steel Corporation was the largest steel company in the world. He became a very wealthy man and made millions. Then, in 1901 he sold his business and decided to spend his remaining years focused on doing charitable work. He became a well-known philanthropist, donating to libraries and museums, and creating an institute for the study of peace. In 1904, he also established a university, today known as Carnegie-Mellon University.
What did Andrew carnrgie?
(November 25, 1835 - August 11, 1919) Scottish immigrant, who came to America and founded on of the countries largest corporations, called Carnegie Steel. Great believer in the social gospel and donated a lot of money to the poor and to the arts. Was one of the richest men in the United States, when Carnegie Steel was purchased by J.P Morgan.
When did Andrew Carnegie come to America?
Andrew Carnegie came to America in 1848 at the age of 12.
Who came up with vertical integration?
Andrew Carnegie
Who founded the Peace Palace?
The original idea came from Friedrich Martens, a Russian diplomat and Andrew White, an American diplomat. The funding came from the Carnegie Foundation, (Andrew Carnegie).
How is Andrew Carnegie remembered?
He came to this country from Scotland broke in 1848 and became one of the richest men in the United States. He retired in 1901 to Skiibo Castle in Sutherland and died in Lenox, Mass. He gave to public libraries throughout the US and Britain created the Pittsburgh Carnegie Institute, Washington Carnegie Institute, Hero Funds, Hague Peace Temple, Pan-American Union Bld and gifts to universities.
Which company supplied steel for the Sydney harbor Brudge?
79 percent of the steel came from Dorman Long's works in Middlesborough, England. The remainder was Australian steel. All was actually fabricated on site at Milson's Point.
What separated Andrew carnegie from other robber barons?
One of the things that set Andrew Carnegie apart from the other "robber barons" was the fact that Carnegie came from a poor background. Carnegie started his work as a messenger boy for a telegraph office.
Did Andrew Carnegie speak English before he came to America?
Yes, Andrew Carnegie was born in Scotland and spoke English fluently before he came to America. He grew up speaking Scottish Gaelic and English.
How did JP Morgans life differ from that of Andrew Carnegie?
JP Morgan came from a wealthy family, whereas Andrew Carnegie started out in a low income situation. JP Morgan was born in the United States. He was sent to boarding schools, studied abroad in Switzerland in his teens, and then went to work for his father's bank early on. Andrew Carnegie was born in a one room weaver's cottage, that was shared with another family. His family was starving when he moved to move to the United States. He worked as a bobbin boy for $1.20 a week. Carnegie worked hard in labor jobs for a good portion of his life, and did not make his fortune in the steel industry until he entered his 50s.
Who came up with a cheaper and faster way to make steel?
Steel was first used in the 13th century BC. In 1740 crucible steel technique was developed by Benjamin Huntsman. In 1856 Henry Bessemer developed the "basic oxygen converter" to make steel. Andrew Carnegie didn't really improve the production, he knew how to invest his money and he did it in the steel industry. He used Bessemer methods on a very wide scale and he also used his money and influence to control the manufacturing of steel.
