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 > U.S. Steel  :      Previous  1 - 2 - 3 - 4 - 5 - 6 -
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 United States Steel Corporation

Page entitled : The danger of renewed competition for the steel trusts

Content of this page is about :
How amid constant threat of renewed competition, the forces in favor of a mega-merger in the US steel industry worked towards the final consolidation

Extract :
... certain large raw steel producers played with the thought to invest in new finishing mills. This was dictated by necessity. Both, J. P. Morgan & Co and the Gates-Moore-Reid group naturally oriented their finishing mills to buy billets from the steel plants they controlled. As a consequence the other raw steel manufacturers lost business and had to search for alternative channels to sell their output. The most important case was the Carnegie Steel Company   ...

 

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