The Age of Big Business: A Chronicle of the Captains of Industry — John Shaqi
The Age of Big Business: A Chronicle of the Captains of IndustryHendrick, Burton Jesse
History
The Age of Big Business: A Chronicle of the Captains of Industry
Hendrick, Burton Jesse
Big business -- United States -- History; Industries -- United States -- History
Though incomparably the greatest of the American steel companies, the
Carnegie Steel Company by no means monopolized the field. In forty
years, indeed, an enormous steel area had grown up, including western
Pennsylvania, Ohio, Indiana, and Illinois, practically all of it drawing
its raw materials from those same teeming ore lands in the Lake Superior
region. Johnstown, Youngstown, Cleveland, Lorain, Chicago, and
Joliet, became headquarters of steel production almost as important as
Pittsburgh itself. Two entirely new steel kingdoms, each with its own
natural reservoirs of ore, grew up in Colorado and Alabama. The Colorado
Fuel and Iron Company, which possessed apparently inexhaustible mineral
lands in Colorado, Wyoming, Utah, New Mexico, and California, itself
produces not far from three million tons a year, almost half the present
production of Great Britain. The Alabama steel country has developed in
even more spectacular fashion. Birmingham, a hive of southern industry
placed almost as if by magic in the leisurely cotton lands of the South,
had no existence in 1870, when the Pittsburgh prosperity began. In the
Civil War, the present site of a city with a population of 140,000 was
merely a blacksmith shop in the fork of the roads. Yet this district has
advantages for the manufacture of steel that have no parallel elsewhere.
The steel companies which are located here do not have to bring their
materials laboriously from a distance but possess, immediately at
hand, apparently endless store of the three things needful for making
steel--iron ore, coal, and limestone. All these territories have their
personal romances and their heroes, many of them quite as picturesque as
those of the Pittsburgh group.
Public-domain text, read in full here on John Shaqi.
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