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 : Outstanding profits of the steel trusts

Content of this page is about :
How the combinations of steel products manufacturers were extremely profitable after their formation thanks to improved economic condition and near monopoly position

Extract :
...  the economy was improving and the increased consumption led to capital expenditure by railroads, utilities and industrial corporations, which in turn fed the steel industry with a huge pent-up demand. With larger demand and control of up to 90% of the US production capacity in certain specialties, the steel trusts reaped huge profits right in the first years of their existence.  ...

 

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