Steel: Carnegie and Creative Destruction – Impact of Materials on Society
Sean Adamsufl.pb.unizin.org
Steel: Carnegie and Creative Destruction – Impact of Materials on Society
The extraordinary productivity at Carnegie plants put them in a different class from their competition. During a rail price war in 1897 Carnegie Steel pushed the other companies to the wall by driving rail prices from a previous low of $28 a ton to only $18, and at one point to an almost unimaginable $14. The chief executive of Illinois Steel, its
... See moreCharles R. Morris • The Tycoons: How Andrew Carnegie, John D. Rockefeller, Jay Gould, and J. P. Morgan Invented the American Supereconomy
1880, when sales soared past the 500,000 mark and Singer suddenly found himself in replacement-parts hell. At his company’s rate of growth, the world couldn’t supply the craftsmen to keep up with his service and repair requirements. Other companies, like McCormick and the Ball Glass Co., faced up to their problems at about the same time as Singer,
... See moreCharles R. Morris • The Tycoons: How Andrew Carnegie, John D. Rockefeller, Jay Gould, and J. P. Morgan Invented the American Supereconomy
The Standard’s commitment to long-distance pipelines was the beginning of the end of the railroads’ dominant role in petroleum transport. Rockefeller began to negotiate what were effectively reverse-rebate arrangements, guaranteeing the roads minimum returns for maintaining their oil-shipping facilities whether or not he used them. The last step in
... See moreCharles R. Morris • The Tycoons: How Andrew Carnegie, John D. Rockefeller, Jay Gould, and J. P. Morgan Invented the American Supereconomy
is not clear whether Blanc ever achieved such uniformity himself. If so, it would have been on a limited basis in small production lots. He did not use machinery, but rather promoted hand-shaping and filing parts with the aid of precise dies and jigs, or molds, which he may have learned from Swedish clock makers.) Jefferson pressed Blanc’s methods
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