United States Steel: A Corporation with a SoulCotter, Arundel
History
United States Steel: A Corporation with a Soul
Cotter, Arundel
United States Steel Corporation
But, difficult as it was to realize it at the time, the war was
destined to bring to American business the biggest boom it had ever
experienced. As the struggle developed the Allied powers had brought
home to them sharply their great shortage of war materials. Germany,
preparing years before for the struggle, had at the start an immense
preponderance of guns, shells, automobiles, airplanes, and other
articles, and there was no hope of crushing the Kaiser’s hordes unless
and until the Entente could meet its foe on equal terms measured in
material.
It had become a war of machines, a war largely of steel. And the
Allies’ production of steel and machines could not be brought up to
the point necessary to make victory certain. There was no country but
America to turn to for the needed supplies.
Wire was the first product which felt the stimulus of the new demand.
Before the beginning of 1915 both sides had settled down to the slow
warfare of the trenches, and for the protection of these hundreds
of thousands of miles of barbed wire were necessary. England,
although until the beginning of the twentieth century the principal
steel-manufacturing country in the world, had never devoted much of
her capacity to wire products, and even before the war had been in the
custom of importing a large part of her need of this commodity from the
United States. And in their extremity both England and France looked
across the Atlantic for more and more of this particular product, and
the wire mills of the Steel Corporation and other producers here began
to increase output and to show improving earnings.
Then came the demand for shrapnel bars, steel for explosive shells,
guns, automobiles, trucks, and almost every article used in modern
warfare. Russia, attempting to move immense armies with inadequate
railroad transportation facilities, began to ask for locomotives and
steel cars in large numbers, as well as steel rails to run them on,
and the export steel trade of this country grew to unprecedented
proportions.
[Illustration: Making a Steel Tube]
Before the middle of the year the Corporation was operating on 90 per
cent. capacity and was sending abroad one third of all the steel it
produced. In the best pre-war year foreign shipments had amounted to
only 18 per cent. of the output of the big company’s plants.
[Illustration: Steel Transportation by Man Power in China]
With the revival of the steel and Allied industries caused by the war
demand domestic trade began to pick up, industry generally revived,
and a spirit of optimism replaced the gloom that had been casting
its shadow over the business world. As the trade balance of the
United States for the first time in history reached and passed the
billion-dollar mark it became plain that the war, great evil as it was,
was making America rich. A boom was on.
Public-domain text, read in full here on John Shaqi.
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