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Author: Peter Warrian
Publisher: Business Expert Press
ISBN: 160649418X
Category : Business & Economics
Languages : en
Pages : 155
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Book Description
Steel companies were at the birth of the modern business corporation. The first billion dollar corporation ever formed was U.S. Steel in 1901. By the mid-twentieth century the steel mill and the automobile plant were the two pillars upon which the twentieth century industrial economy rested. Given the scale of capital and operations, vertical integration was seen to be pivotal, from the raw materials of iron ore and coal on one end of the supply chain to the myriad of finished products on the other. By the end of the twentieth century, however, things had dramatically changed. Take a look inside for a brilliant and concise history of the steel industry. The author has put together a true presentation of the economics of the industry, with an overview of how the industry operates and the environment in which it operates. This book includes a detailed discussion of the regulation of the industry; a documentation of the reasons why a rejuvenated steel industry will be critical to the economic health of the United States and Canada; and a rationale for the reemergence of the steel industry in particular, and manufacturing in general, as a vital force in the North American economy of the new millennium. It was widely perceived that the United States was moving from an industrial age into an information age, driven by high technology. That process is now being reversed. The steel industry has continuously been forced to remake itself, and this book describes those developments and dynamics.
Author: Peter Warrian
Publisher: Business Expert Press
ISBN: 160649418X
Category : Business & Economics
Languages : en
Pages : 155
Get Book Here
Book Description
Steel companies were at the birth of the modern business corporation. The first billion dollar corporation ever formed was U.S. Steel in 1901. By the mid-twentieth century the steel mill and the automobile plant were the two pillars upon which the twentieth century industrial economy rested. Given the scale of capital and operations, vertical integration was seen to be pivotal, from the raw materials of iron ore and coal on one end of the supply chain to the myriad of finished products on the other. By the end of the twentieth century, however, things had dramatically changed. Take a look inside for a brilliant and concise history of the steel industry. The author has put together a true presentation of the economics of the industry, with an overview of how the industry operates and the environment in which it operates. This book includes a detailed discussion of the regulation of the industry; a documentation of the reasons why a rejuvenated steel industry will be critical to the economic health of the United States and Canada; and a rationale for the reemergence of the steel industry in particular, and manufacturing in general, as a vital force in the North American economy of the new millennium. It was widely perceived that the United States was moving from an industrial age into an information age, driven by high technology. That process is now being reversed. The steel industry has continuously been forced to remake itself, and this book describes those developments and dynamics.
Author: Kristen Rajczak Nelson
Publisher: The Rosen Publishing Group, Inc
ISBN: 1499421184
Category : Juvenile Nonfiction
Languages : en
Pages : 32
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Book Description
Andrew Carnegie may be one of the most famous names in American history, and his story is nothing short of an inspiration. An immigrant born in Scotland, Carnegie immigrated to the U.S. and became one of the richest industrialists of his day. This biographical text explores Carnegie’s fascinating life and his contributions to the steel industry. Through age-appropriate language and historical photos, readers learn how Carnegie’s entrepreneurial spirit and philanthropic nature helped shaped nineteenth-century American industry and the spirit that came to define it. A timeline and primary sources complete this comprehensive learning experience.
Author: John Andrews Fitch
Publisher:
ISBN:
Category : Iron and steel workers
Languages : en
Pages : 478
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Book Description
Author: John Hoerr
Publisher: University of Pittsburgh Press
ISBN: 082299111X
Category : History
Languages : en
Pages : 737
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Book Description
• Choice 1988 Outstanding Academic Book • Named one of the Best Business Books of 1988 by USA TodayA veteran reporter of American labor analyzes the spectacular and tragic collapse of the steel industry in the 1980s. John Hoerr's account of these events stretches from the industrywide barganing failures of 1982 to the crippling work stoppage at USX (U.S. Steel) in 1986-87. He interviewed scores of steelworkers, company managers at all levels, and union officials, and was present at many of the crucial events he describes. Using historical flashbacks to the origins of the steel industry, particularly in the Monongahela Valley of southwestern Pennsylvania, he shows how an obsolete and adversarial relationship between management and labor made it impossible for the industry to adapt to shattering changes in the global economy.
Author: Robert P. Rogers
Publisher: Routledge
ISBN: 1135969167
Category : Business & Economics
Languages : en
Pages : 315
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Book Description
This book provides a basic outline of the history of the American steel industry, a sector of the economy that has been an important part of the industrial system. The book starts with the 1830's, when the American iron and steel industry resembled the traditional iron producing sector that had existed in the old world for centuries, and it ends in 2001. The product of this industry, steel, is an alloy of iron and carbon that has become the most used metal in the world. The very size of the steel industry and its position in the modern economy give it an unusual relevance to the economic, social, and political system.
Author: Carla Mooney
Publisher: ABDO
ISBN: 1680797263
Category : Juvenile Nonfiction
Languages : en
Pages : 115
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Book Description
Some commodities command massive economic, social, and political influence. This title examines the business around steel, the metal that supports many of the world's buildings and structures. It explores the origins of steel, key technological advances, and the ways in which the industry continues to innovate today. Features include essential facts, a glossary, selected bibliography, websites, source notes, and an index. Aligned to Common Core Standards and correlated to state standards. Essential Library is an imprint of Abdo Publishing, a division of ABDO.
Author: Dale Richard Perelman
Publisher: Arcadia Publishing
ISBN: 1439660042
Category : Business & Economics
Languages : en
Pages : 184
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Book Description
A lively portrait of the “Steel City” and its millionaires and workers during the late nineteenth century. Steel portrays the growth of iron and steel in smoke-filled Pittsburgh during America’s industrial age, and what it meant for the people who lived there. This history shares the fast-paced saga of millionaire barons Andrew Carnegie, Ben Franklin Jones, Henry Clay Frick, Henry Phipps, and Charles Schwab, who often plotted and schemed against each other—as well as the story of the underpaid and undervalued immigrant workforce whose desire to unionize united their bosses against them. Here, author Dale Richard Perelman recounts this dramatic struggle and the bloody battles it spawned throughout Western Pennsylvania’s plants, mines, and railroad yards.
Author: Susmita Dasgupta
Publisher: Routledge
ISBN: 1351729748
Category : Business & Economics
Languages : en
Pages : 184
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Book Description
Steel is the foundational material of modern civilization and constitutes the core of industry, and yet, it is overproduced across the world. This supply glut is reducing margins and turning steel into a sunset industry. Steel consumes as much as four times the amount of raw materials as its produced volume, and the sheer bulk of the steel makes it costly to transport. Because of this, countries prefer to make their own rather than to source it across land and sea. The Indian steel industry has grown from being the tenth largest steel producer in the world in 1991 to emerging as the second largest, after China. This book aims to reveal, through data and the use of simple economic concepts, the mistakes that abound in the discourses surrounding the steel industry. Its main objective is to dispel the many myths that are perpetuated by policy makers and the industry in order to benefit a small coterie of large firms, and discusses how through such favours the Indian steel industry is set to lose out in terms of margins, products and growth in technology. It covers the unique role of the Indian state in the development of the broad base of steel production, and observes the change in the direction in policy, which reverses the economic equality of the past and promotes collusion among oligopolies leading to overexpansion in capacities. Economics of the Indian Steel Industry will be of interest to students of industrial economics and corporate strategy, as well as financial managers and policy makers.
Author: Colin Bodsworth
Publisher: CRC Press
ISBN: 9781861250544
Category : Bessemer process
Languages : en
Pages : 0
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Book Description
This volume, illustrated with many photographs and drawings, commemorates the centenary of the death of Sir Henry Bessemer, one of the outstanding inventors of the 19th century. Contributions from the UK, Europe and United States review the significance of Bessemer's achievements.
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.
