On February 25, 1901, J.P. Morgan incorporated the United States Steel Corporation with an authorized capitalization of $1.4 billion, creating the first billion-dollar corporation in history by purchasing Andrew Carnegie’s steel empire for approximately $480 million and consolidating it with …
Three hundred Pinkerton Detective Agency agents attempt to forcibly seize Andrew Carnegie’s Homestead steel mill in Pennsylvania, triggering a 14-hour armed battle with locked-out steelworkers that leaves seven workers and three Pinkertons dead, with dozens more wounded. The violent …
Andrew CarnegieHenry Clay FrickPinkerton Detective AgencyAmalgamated Association of Iron and Steel WorkersPennsylvania National Guard+1 morelabor-suppressiongilded-agehomestead-strikeprivate-securitycorporate-violence+1 more
On July 1, 1892, Andrew Carnegie consolidated his various steel operations into the Carnegie Steel Company, creating the largest and most profitable steel company in the world through complete vertical integration of the entire steel production chain. The company headquarters were located in the …
Andrew CarnegieHenry Clay FrickCarnegie Steel Companycorporate-powersteel-industryvertical-integrationgilded-agemonopoly