History of the United States II / Unit 3 USH2 0320 short lesson, about 20 seconds
U.S. Steel
Captions available
The idea
In nineteen oh one Morgan bought Carnegie's steel holdings for five hundred million dollars and combined them with other firms as the United States Steel Corporation.
In practice
A company capitalised at one point four billion dollars.
Where people slip
The anchor and the Yawp both call it the first billion-dollar company. The Yawp says one firm now controlled the steel market.
Your place on the trail
Every lesson rests on earlier ones and opens later ones. Tap any to jump.
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