1 Jul 1892 Jahr - Carnegie Steel Company founded

Beschreibung:

Carnegie Steel Company was founded by Scottish-American businessman Andrew Carnegie. The company HQ was based in Pittsburgh, and utilized several modern techniques in the steel production process. The company specialized in vertical integration, meaning that it bought up companies required for every stage of steel production. While the company experienced the 1892 Homestead Strike, it was largely unaffected. In 1901, Carnegie sold the entire company to the US Steel Corporation for $480 million ($14.3 billion in 2017), with $226 million ($6.8 billion in 2017) going directly to Carnegie, making him one of the richest men in the world.

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