17 jan 1901 ano - Morgan buys Carnegie Steel & est. US Steel Corporation (1901)

Descrição:

Morgan went into steel pipe tubing manufacturing; After lots of haggling → Morgan buys out Carnegie for $480 mill; Carnegie spent rest of life giving away $350 mill for philanthropic causes;

Morgan expanded new industrial empire too quickly, Took Carnegie holdings, added other holdings, “watered” the stock, (1901) launched United States Steel Corporation, United States Steel Corporation - valued at $1.4 bill, 1st Amer billion-dollar corporation; Larger sum than total wealth of nation in 1800

Adicionado na linha do tempo:

Data: