A Classification of American Wealth
History and genealogy of the wealthy families of America - Sponsors

 Part 1 : Colonial and Mercantile America  Part 2 : America in the Gilded Age
 Part 3 : America in the Twentieth Century  Encyclopedia of American Wealth

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  Part II-Chapter 1 : Trusts > Steel Kings > The Wire Trust  :    « Previous  1 - 2 - 3 - 4 - 5 - 6 - 7 -
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 Consolidations : The Wire Trust 

Page entitled : Gates, the Wire Trust and Illinois Steel

Content of this page is about :
How John W. Gates used his position with Illinois Steel to strengthen Consolidated Steel & Wire and apply basic economics to the steel wire industry of the 1890s 

Extract :
... Like Carnegie, who relentlessly urged his managers to slash costs and prices, John Warne Gates was one of the factors who “produced” the cutthroat price war which eventually forced his competitors to combine. But Gates from the start pursued the objective of a mega-merger, while Carnegie  ...


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