History of the United States II / Unit 3 USH2 0311 short lesson, about 20 seconds
Carnegie's Methods
Captions available
The idea
Carnegie ran his steel mills thriftily, bought rivals' plants cheaply during the recessions of the eighteen seventies to nineties, and insisted on the newest machinery.
In practice
The J. Edgar Thomson Steel Works, and later the Homestead works, under Carnegie's control.
Where people slip
By the end of the century his annual profits exceeded forty million dollars. Buying in bad years is how he grew.
Your place on the trail
Every lesson rests on earlier ones and opens later ones. Tap any to jump.
Builds on
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