Lead: In 1901 financier J. P. Morgan negotiated the “deal of the century,” the formation of U. S. Steel, the world’s first billion dollar corporation.

Intro.: A Moment in Time with Dan Roberts.

Content:  By the turn of the last century, John Pierpont Morgan had become one of the world’s dominant financial figures by successfully financing and consolidating U.S. industries. During the 1880s he had concentrated primarily on railroad mergers. By the turn of the century seven of the major railroad lines controlled two thirds of the trackage. Morgan himself owned one of them.

Loader Loading...
EAD Logo Taking too long?

Reload Reload document
| Open Open in new tab

Download [54.38 KB]