STEELINDUSTRY

= = = Brittany Roth and Regina Clark  = =Steel Industry= When: 1848 Where: Pittsburgh, Pennsylvania Who: Andrew Carnegie, J.P. Morgan, Charles Schwab, and Elbert H. Gary. What: In 1873, Andrew Carnegie started a steel business, he wanted to make better steel and lower prices. The prises lower by using technological innovations such as the Bessemer process. Bessemer procees. Why: ​How: He invested in steel. Then, he created a vertical monopoly. Vertical monopoly market condition in which there is only one seller of a certain commodity; by virtue of the long-run control over supply, such a seller is able to exert nearly total control over prices. Also leter on gained control over almost all of the steel production. In 1901, Carnegie signed the steel company to the US Steel. Then that was the largest steel company in this time era. After he left he devoted his life to philanthropic efforts. A philantropist is the effort or inclination to increase the well-being of humankind, as by charitable aid or donations.

HOMESTEAD STRIKE:
who: Andrew Carnegie what: The steel workers used a scale based on a price of 4 x 4 by standard Bessemer steel billets and this expired in 1892. Andrew was in Loch Rannoch, Scotland. While he was there he communicated with a guy named Henry Clay Frick. Mr. Frick told Andrew about the offer he made to the employees, which was to cut there pay and he would not negotiate with the union. Instead, he would negotiate with the individual employees. although, the employees denied his offer and wanted the union and Frick handled the situation the wrong way and surrounded the steel mill with a solid board fence and with rifle ports withe barb wire at the top so they couldn't exscape. He renamed the town "Fort Frick". When: 1892 Why: They had limited employment opportunities. They couldn't move to jobs with better pay. They were also forced to make the best of their jobs they had. Industrialization of the workplace lead to alienation of crafts. They took pride in what they had as a job, even if they didn't own it. Mr. Frick refused to negotiate the union and closed down the mill. The employees were willing to fight to death for this right. How: For almost five months in 1982, the homestead loges, iron and steel workers, and the Carnegie steel company, limited clashed over contract negotiations. It became known as The Homestead Strike. They won the strike and negotiated a three-year contract for a scale wage. The fluctuating market prices 4X4 standard Bessemer steel. Where: In Homestead, east of Pittsburgh Cause: They cut the wages back to nearly 20%. Effect: They had a clash over the wages. Thr batttle lasted for hours and after that they left the union. Steel Today

Steel is the most common industry today. I took over the place of iron and other metals. Steel made it easier to build high and stronger buildings. The US reaches over a thousand of steel production in todays progress. Steel is the most important metal in the world and is used the most. The entire world use steel today.