United States Steel Company, a Corporation worth US$1 Billion

In 1901 a financier by the name John Pierpont Morgan created a Billion dollar company by combining several Steel mills (including Carnegie Steel and Federal Steel Company) in to one big company called, United States Steel Company.

Ten years before this he did another big merger by combining Edison General Electric and Thomson-Houston Electric Company to create General Electric.

Date: 1901
Name(s): John Pierpont Morgan
Occupation: Financier
Location: Unknown


Additional Information:

  • U.S. Steel – Wikipedia
    Formation. J. P. Morgan and attorney Elbert H. Gary founded U.S. Steel on March 2, 1901 (incorporated on February 25) by combining Andrew Carnegie’s Carnegie Steel Company with Gary’s Federal Steel Company and William Henry “Judge” Moore’s National Steel Company for $492 million ($14.16 billion today).
  • United States Steel Corporation | American corporation | Britannica.com
    At the beginning of the 20th century, a number of businessmen were involved in the formation of United States Steel Corporation, including Andrew Carnegie, Elbert H. Gary, Charles M. Schwab, and J.P. Morgan.
  • United States Steel Corp facts, information, pictures | Encyclopedia …
    The United States Steel Corporation is the largest integrated steel company in the United States and the 11th largest in the world. It produces and sells a wide range of semi-finished and finished steel products, coke, and taconite pellets.
  • History of US Steel – USX – United States Steel Corporation historic …
    The US Steel Corporation was established in 1901. As at end-2015, the company was the 24th largest steelmaker in the world, with output of ~15 million tonnes of liquid steel.
  • History of United States Steel Corporation – FundingUniverse
    United States Steel Corporation has been making steel for more than 100 years, and we intend to be making it for 100 more, always seeking to make it better, faster, and more cost effective; always focused on safety and environmental protection; always striving to be the best in the world.

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