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Author: Kenneth Warren
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 352
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Book Description
In the late 19th century, rails from Bethlehem Steel helped build the United States into the world's foremost economy. During the 1890s, Bethlehem became America's leading supplier of heavy armaments, and by 1914, it had pioneered new methods of structural steel manufacture that transformed urban skylines. Demand for its war materials during World War I provided the finance for Bethlehem to become the world's second-largest steel maker. As late as 1974, the company achieved record earnings of $342 million. But in the 1980s and 1990s, through wildly fluctuating times, losses outweighed gains, and Bethlehem struggled to downsize and reinvest in newer technologies. By 2001, in financial collapse, it reluctantly filed for Chapter 11 bankruptcy protection. Two years later, International Steel Group acquired the company for $1.5 billion. In Bethlehem Steel, Kenneth Warren presents an original and compelling history of a leading American company, examining the numerous factors contributing to the growth of this titan and those that eventually felled it--along with many of its competitors in the U.S. steel industry. Warren considers the investment failures, indecision and slowness to abandon or restructure outdated "integrated" plants plaguing what had become an insular, inward-looking management group. Meanwhile competition increased from more economical "mini mills" at home and from new, technologically superior plants overseas, which drove world prices down, causing huge flows of imported steel into the United States. Bethlehem Steel provides a fascinating case study in the transformation of a major industry from one of American dominance to one where America struggled to survive.
Author: Kenneth Warren
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 352
Get Book Here
Book Description
In the late 19th century, rails from Bethlehem Steel helped build the United States into the world's foremost economy. During the 1890s, Bethlehem became America's leading supplier of heavy armaments, and by 1914, it had pioneered new methods of structural steel manufacture that transformed urban skylines. Demand for its war materials during World War I provided the finance for Bethlehem to become the world's second-largest steel maker. As late as 1974, the company achieved record earnings of $342 million. But in the 1980s and 1990s, through wildly fluctuating times, losses outweighed gains, and Bethlehem struggled to downsize and reinvest in newer technologies. By 2001, in financial collapse, it reluctantly filed for Chapter 11 bankruptcy protection. Two years later, International Steel Group acquired the company for $1.5 billion. In Bethlehem Steel, Kenneth Warren presents an original and compelling history of a leading American company, examining the numerous factors contributing to the growth of this titan and those that eventually felled it--along with many of its competitors in the U.S. steel industry. Warren considers the investment failures, indecision and slowness to abandon or restructure outdated "integrated" plants plaguing what had become an insular, inward-looking management group. Meanwhile competition increased from more economical "mini mills" at home and from new, technologically superior plants overseas, which drove world prices down, causing huge flows of imported steel into the United States. Bethlehem Steel provides a fascinating case study in the transformation of a major industry from one of American dominance to one where America struggled to survive.
Author: Chloe E. Taft
Publisher: Harvard University Press
ISBN: 0674970241
Category : History
Languages : en
Pages : 336
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Book Description
Bethlehem, Pennsylvania, was once synonymous with steel. But after the factories closed, the city bet its future on a new industry: casino gambling. On the site of the former Bethlehem Steel plant, thousands of flashing slot machines and digital bells replaced the fires in the blast furnaces and the shift change whistles of the industrial workplace. From Steel to Slots tells the story of a city struggling to make sense of the ways in which local jobs, landscapes, and identities are transformed by global capitalism. Postindustrial redevelopment often makes a clean break with a city’s rusted past. In Bethlehem, where the new casino is industrial-themed, the city’s heritage continues to dominate the built environment and infuse everyday experiences. Through the voices of steelworkers, casino dealers, preservationists, immigrants, and executives, Chloe Taft examines the ongoing legacies of corporate presence and urban development in a small city—and their uneven effects. Today, multinational casino corporations increasingly act as urban planners, promising jobs and new tax revenues to ailing communities. Yet in an industry premised on risk and capital liquidity, short-term gains do not necessarily mean long-term commitments to local needs. While residents often have few cards to play in the face of global capital and private development, Taft argues that the shape economic progress takes is not inevitable, nor must it always look forward. Memories of corporations’ accountability to communities persist, and citizens see alternatives for more equitable futures in the layered landscapes all around them.
Author: David Venditta
Publisher:
ISBN: 9780982942208
Category : Steel industry and trade
Languages : en
Pages : 160
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Book Description
A sweeping narrative history, Forging America chronicles the rise and fall of Bethlehem Steel, beginning with the 19th century Welsh ironmaker who kindled a fire in anthracite-rich eastern Pennsylvania and ending with the second largest U.S. steelmaker's collapse in 2003. Bethlehem Steel was a powerful manifestation of American capitalism. The industrial titan built the Golden Gate Bridge and much of the New York City skyline and stood at the center of defense efforts through two world wars. Along the way, Bethlehem Steel became intertwined with the lives of icons Andrew Carnegie, J.P. Morgan and Babe Ruth. More than the story of a grand enterprise, Forging America is about its captains and the people who poured their lives and souls into the gritty, dangerous business of making steel.
Author: Bethlehem Steel Company
Publisher: Legare Street Press
ISBN: 9781021467300
Category :
Languages : en
Pages : 0
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Book Description
Originally published in 1919, this fascinating volume provides a detailed look at the steel products of one of America's largest and most influential steel companies. With hundreds of photographs and detailed technical information, this is an essential resource for anyone interested in the history of American industry. This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work is in the "public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.
Author: Deborah Rudacille
Publisher: Anchor
ISBN: 1400095891
Category : History
Languages : en
Pages : 306
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Book Description
As the American economy seeks to restructure itself, Roots of Steel is a powerful, candid, and eye-opening reminder of the people who have been left behind. When Deborah Rudacille was a child in the working-class town of Dundalk, Maryland, a worker at the local Sparrows Point steel mill made more than enough to comfortably support a family. But the decline of American manufacturing in the decades since has put tens of thousands out of work and left the people of Dundalk pondering the broken promise of the American dream. In Roots of Steel, Rudacille combines personal narrative, interviews with workers, and extensive research to capture the character and history of this once-prosperous community.
Author: Kenneth Warren
Publisher: University of Pittsburgh Pre
ISBN: 0822970597
Category : History
Languages : en
Pages : 425
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Book Description
At its formation in 1901, the United States Steel Corporation was the earth's biggest industrial corporation, a wonder of the manufacturing world. Immediately it produced two thirds of America's raw steel and thirty percent of the steel made worldwide. The behemoth company would go on to support the manufacturing superstructure of practically every other industry in America. It would create and sustain the economies of many industrial communities, especially Pittsburgh, employing more than a million people over the course of the century. A hundred years later, the U.S. Steel Group of USX makes scarcely ten percent of the steel in the United States and just over one and a half percent of global output. Far from the biggest, the company is now considered the most efficient steel producer in the world. What happened between then and now, and why, is the subject of Big Steel, the first comprehensive history of the company at the center of America's twentieth-century industrial life.Granted privileged and unprecedented access to the U.S. Steel archives, Kenneth Warren has sifted through a long, complex business history to tell a compelling story. Its preeminent size was supposed to confer many advantages to U.S. Steel—economies of scale, monopolies of talent, etc. Yet in practice, many of those advantages proved illusory. Warren shows how, even in its early years, the company was out-maneuvered by smaller competitors and how, over the century, U.S. Steel's share of the industry, by every measure, steadily declined. Warren's subtle analysis of years of internal decision making reveals that the company's size and clumsy hierarchical structure made it uniquely difficult to direct and manage. He profiles the chairmen who grappled with this "lumbering giant," paying particular attention to those who long ago created its enduring corporate culture—Charles M. Schwab, Elbert H. Gary, and Myron C. Taylor.Warren points to the way U.S. Steel's dominating size exposed it to public scrutiny and government oversight—a cautionary force. He analyzes the ways that labor relations affected company management and strategy. And he demonstrates how U.S. Steel suffered gradually, steadily, from its paradoxical ability to make high profits while failing to keep pace with the best practices. Only after the drastic pruning late in the century—when U.S. Steel reduced its capacity by two-thirds—did the company become a world leader in steel-making efficiency, rather than merely in size. These lessons, drawn from the history of an extraordinary company, will enrich the scholarship of industry and inform the practice of business in the twenty-first century.
Author: Kenneth F. Raniere
Publisher: Arcadia Publishing
ISBN: 9780738572758
Category : History
Languages : en
Pages : 132
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Book Description
The story begins in 1848, when the Moravian Brethren sold 274 acres of farmland to investors who resold them as building lots. By 1855, Asa Packer had laid the tracks of his Lehigh Valley Railroad along the Lehigh River, bringing coal from Carbon County to markets in New York and Philadelphia. Industries rapidly grew, with the Pennsylvania and Lehigh Zinc Company in 1853 and the Saucona Iron Company in 1857. By 1865, South Bethlehem became a borough. Charles M. Schwab headed the former Iron Company in 1906, renaming it the Bethlehem Steel Corporation, and was instrumental in uniting the Bethlehems as one city in 1918. Countless immigrants shaped the tone of this region. Today the Sands Casino occupies part of the former Bethlehem Steel site. It is the future home of art and music venues that will contribute to a city already known for its historic and cultural heritage.
Author: Andrew Garn
Publisher: Princeton Architectural Press
ISBN: 9781568981970
Category : Photography
Languages : en
Pages : 126
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Book Description
Also included is a brief history by Lance Metz, the historian of the National Canal Museum and the foremost authority on the history of the plant."--BOOK JACKET.
Author: Liverpool (England). Docks Office
Publisher:
ISBN:
Category :
Languages : en
Pages : 302
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Book Description
Author:
Publisher:
ISBN:
Category : Architects
Languages : en
Pages : 1502
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Book Description
