Description: Stock w/ vignette of steelworkers in a steel mill. Very attractive borders. Great stock of one of America's most historic companies. Available in Green, Brown or Olive. Please specify color. Carnegie Steel Company was sold in 1901 to the United States Steel Corporation, a newly formed organization set up by J.P. Morgan. It sold at roughly $492million ($14.8 billion in 2019), of which $226million went to Carnegie himself. U.S. Steel was a conglomerate w/ subsidiary companies. The name of the subsidiary company was changed to the Carnegie-Illinois Steel Company in 1936. United States Steel Corporation (NYSE:X), more commonly known as U.S. Steel, is an American integrated steel producer headquartered in Pittsburgh, Pennsylvania, w/ production operations in the United States & Central Europe. As of 2018, the company was the world's 27th-largest steel producer & the second-largest in the US, trailing only Nucor Corporation. Though renamed USX Corporation in 1986, the company was renamed United States Steel in 2001 after spinning off its energy business, including Marathon Oil, & other assets from its core steel concern. J. P. Morgan formed U.S. Steel on March 2, 1901 (incorporated on February 25) by financing the merger of Andrew Carnegie's Carnegie Steel Company w/ Elbert H. Gary's Federal Steel Company & William Henry "Judge" Moore's National Steel Company for $492million ($15.31 billion today). At one time, U.S. Steel was the largest steel producer & largest corporation in the world. It was capitalized at $1.4billion ($43.6 billion today), making it the world's first billion-dollar corporation. The company established its headquarters in the Empire Building at 71 Broadway in New York City; it remained a major tenant in the building for 75 years. Charles M. Schwab, the Carnegie Steel executive who originally suggested the merger to Morgan, ultimately emerged as the new corporation's first President. Read more at https://en.wikipedia.org/wiki/U.S._Steel Item ordered may not be exact piece shown. All original and authentic.
Price: 15 USD
Location: Portsmouth, New Hampshire
End Time: 2024-09-19T13:50:56.000Z
Shipping Cost: 6.25 USD
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Return shipping will be paid by: Buyer
All returns accepted: Returns Accepted
Item must be returned within: 30 Days
Refund will be given as: Money Back
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