During The Industrial Revolution

Holding a job for many citizens has not always been easy. Imagine waking up at dawn to walk miles to your job, once you arrive you have to sit in filth for hours on end, while only receiving one or two breaks. They have to work a twelve to fifteen-hour shift and upon the completion of their shift they would return home and struggle financially. This is a cycle and process that has improved over the course of many years. The Industrial Revolution has benefited the United States Steel Company in many ways and has helped shape what it is today. The Industrial Revolution started out in 18th century Britain (“Industrial” 1). At this time most of the world was in a handicraft economy, making products by hand (“Industrial” 1). The Industrial Revolution helped to change the economy into a machine driven manufacturing industry (“Industrial” 1). During this time many technical, socioeconomic, and cultural changes took place, including the production of steel (“Industrial” 1). One of the largest steel companies, United States Steel Corporation, was founded in 1901 and was created with $1.4 billion by J.P. Morgan and Elbert H. Gary (“History” 1). The Industrial Revolution and the machinery of that time allowed U.S Steel to produce 67% of all steel produced in the United States in
Steel was ahead in the steel industry they disagreed with competition and thought that it was unreasonable (“Iron and” 1). They did, however, buy out many companies in the process of building up United States Steel Company. One of the largest contributors was Carnegie Steel; this was what helped set them up for success (“Iron and” 1). U.S. Steel was also able to expand into other industries by buying out other businesses, for example, Marathon Oil Company and Texas Oil and Gas Corporation let them develop in the gas and oil industry (“Iron and” 2). They also took over the iron industry when they acquired American Bridge and Lake Superior Consolidated Iron Mines (“Iron and”