The Bethlehem Steel was the was second largest steel company in the United States during its booming years. They made steel that built the Golden State bridge, skyscrapers in New York and tanks and war equipment for WW2. It seemed like the Bethlehem steel would never close, but like every good thing it had to come to an end. One major reason the steel was shut down was because they didn’t advance their equipment and unlike the Bethlehem Steel, foreign steel companies upgraded their equipment with mini mills which allowed them to produce steel cheaper and at a quicker rate. The Bethlehem Steel should have changed certains things, but since they had to close there is one thing I’d preserve about the the Bethlehem steel is their large blast furnaces.
Andrew Carnegie in September 1875 production cost was pretty high but his selling price was way higher, in January 1877 he lowered his production cost by a lot and the selling price went down as well but it was still fairly higher than what he was making the steel for,and in November 1977 Carnegie was able to lower his production costs even more as well as his selling price which was a bit more than what he spent making the steel. (Doc D). The main idea of this chart is to show that over the period of September to November Carnegie was able to drop his prices and costs significantly but that doesn't make him heroic. That just means he found new methods, material, or cut the cost of labor, this is just Carnegie being a good businessman. Steel production in the United States was very small compared the Great Britain in 1870, ten years later in 1880 the US’s production launched and was just right under Great Britain, another ten years later in 1890 the US finally passed GB in production but but by very much, ten years after that in 1900 Andrew Carnegie’s mills was making one-third of all the steel in the US making the steel production to skyrocket still in the lead at #1 with Germany and Luxembourg no where near and then in 3rd was Great Britain a little bit close to GL (Doc E). This chart is just to show the production of steel in the United States comparing with other countries over the span of 1870-1900 and to see how Carnegie’s mills effected the US production. This chart does not show Carnegie as a hero just how well his factory productions was going. Overall Andrew Carnegie was very good at being a businessman because he had a lot of financial success with lowering his production costs but that's not very heroic of him, it’s really only doing him good because he's saving
In the mid-nineteenth century, industrial America witnessed an evolving struggle between labor and big business. Although fiercely opposed by industrialists, rising labor movements in the steel and iron industries, which had become increasingly critical to the U.S.’ modernization and emergence as a world power, experienced initial success for decades up until the early 1890s. The strongest union in the industries, the Amalgamated of Iron and Steel Workers (AAIS) was able to garner support from an increasing membership and national recognition from other labor organizations as well as from the press, and in 1892, rose to meet the challenge of the powerful Carnegie Steel Company.
output of steel exceeded that of the UK, and Carnegie owned a large part of it. Carnegie's empire grew to include the J. Edgar Thomson Steel Works,, Pittsburgh Bessemer Steel Works, the Lucy Furnaces, the Union Iron Mills, the Union Mill, the Keystone Bridge Works, the Hartman Steel Works, the Frick Coke Company, and the Scotia ore mines. Carnegie, through Keystone, supplied the steel for and owned shares in the landmark Eads Bridge project across the Mississippi River at St. Louis, Missouri . This project was an important proof-of-concept for steel technology, which marked the opening of a new steel
For decades, the steel industry has been one of the toughest markets on a global scale with most steel corporations ending up in bankruptcy. Foreign and domestic competitors, management issues, environmental issues, political agenda’s and technology have had much to do with the demise and more so of the success of the steel industry. The issues that this case focus on Nucor Corporation was of:
Nucor is the world’s largest recycler, recycling over 10 million tons of scrap steel annually. Nucor descended from auto manufacturer Ransom E. Olds, who founded Oldsmobile. The company evolved into the Nuclear Corporation of America, which was involved in the nuclear instrument and electronics business in the 50’s and early 60’s. Over the next five years, Valley Sheet Metal, Vulcraft Corporation and U.S. Semi-conductor Products joined the Nuclear Corporation. After suffering several money-losing years, in 1964 F. Kenneth Iverson was installed as president. Management then decided to integrate backwards into steel making, and in 1972 they adopted the name Nucor. Since then Nucor has established itself as a leader in the steel industry through efficiency and innovation. It now employs more than 7,000 people worldwide and has experienced tremendous growth under its new CEO Daniel R. DiMicco. SWOT Analysis Strengths • Low Cost Producer • Employee/Managerial Relations Leading Innovator • Low Debt Load • Overall industry leader Weaknesses Dependency on scrap metal
Hamilton is known as a manufacturing city with two major metal industries, iron and steel. In 1892, a primary steelmaking facility was built and the city of Hamilton offered “free land, cash bonuses, and tax concessions if the company [started] running by 1894” (Freeman 84). This offer was to attract more companies to set up location in Hamilton resulting in the increase of the city’s economic growth and development. During this time, there was the advancement of the electric power. This prompted building a steam powerhouse that produced electricity for streetcars. A group of five men started a company called the Cataract Power Company and they came up with the idea of “alternating current” (Freeman 84). The company was able to transmit electric power from St. Catharines to Hamilton using transmission towers. The city was graced with a primary steelmaking facility and electric power, and thus, experienced an increased economic growth. Over the years, electric power became inexpensive attracting many American steelmaking compa...
There is no refuting that the railroad companies transformed business operations and encouraged industrial expansion. The raw materials required for construction of the transcontinental railroad directly resulted in the expansion of the steel, lumber and stone industries. (Gillon p.652) The railroad stimulated growth in manufacturing and agriculture providing an efficient manner to ship raw materials and products throughout the country. Which in turn, increased consumerism and introduced t...
In the early 1870s Andrew Carnegie became the largest steel producer in the nation and one of the richest men in America. According to lecture 3, Andrew Carnegie had few regulations, which made him a wealthy and dominant force in the U.S. Carnegie’s steel mill was located in Pittsburgh, Pennsylvania. Carnegie’s steel worker made to work in a dangerous and a poor work environment. The working conditions at the steel mill were so dangerous that it was likely they would lose their life. Carnegie forces his worker to work a twelve-hour workday. The steel workers wanted to work in a better work environment; they organized a steel worker’s union.
Known as the “King of Steel”, Andrew Carnegie was the benevolent employer and is considered one the most influential people of the second industrial revolution. There has been great debate about his true character. Some consider him a tyrant; one who was only concerned about his advancement of ideas. On the other hand, another group sees him as a generous educator. There is evidence that points to both sides; however, the best way to see him is as a combination of both. Nevertheless, there is no debate on his impact in the industry.
steel pipe tubing, Carnegie threatened to ruin him by invading his business if Morgan did not buy Carnegie out. E...
McCullough explains how Johnstown became an example of ‘The Gilded Age’ industrialization prior to the 1889 disaster. The canal made Johnstown the busiest place in Cambria County in the 1820s. By the 1850s the Pennsylvania Railroad and the Cambria Iron Company began, and the population increased. There were about 30,000 people in the area before the flood. The Western Reservoir was built in the 1840s, but became generally known as the South Fork dam. It was designed to supply extra water for the Main Line canal from Johnstown to Pittsburgh. By saving the spring floods, water could be released during the dry summers. When the dam was completed in 1852, the Pennsylvania Railroad completed the track from Philadelphia to Pittsburgh, and the canal business began its decline. The state offered to sell the canal, the railroad company bought it for the right of ways yet had no need to maintain the dam, which due to neglect, broke for the first time in 1862. McCullough stresses that man was responsible for the...
This corporation was not always known for its manufacturing of steel. During the 1950s and 1960s
Coal mining in the 1920s was extremely difficult job in which miners endured many challenges and hardships. The 1920’s safety was not on everyone’s mind. It was as if the miners were just tools to be used. The equipment the miners used was a marvel for its time, as it was just the start to a technological advancement. Miners faced hardships such as low wages, long hours, and the difficulty of the work conditions.
Undoubtedly work and place influence its surroundings. Youngstown, Ohio is emphasized as one in particular. As a result “steelmaking fueled the area’s economy and defined its identity” (68). The city was represented in newspapers, art work, postcards, and many texts as both “impressive and attractive” (75), as well as “imposing, confusing, and uninviting” (86). Considering the conflicting representations, steelmaking “also suggest(s) a key element of conflict in the community” that it was so clearly creating an identity for (69).
In the early part of this century was a time when industry was booming with growth around the installation of major railroads. With this growth came the transatlantic cable, the telegraph, and a whole lot of steel. Steel would be needed in the construction of these new transportation systems and communications were now possible between businesses and industries. (Wren, 2005)