Inspired Idiot of the Week: Everyone Who Ruined the Sale of U.S. Steel

by James Hickman
Schiff Sovereign

On March 2, 1901, a group of prominent American businessmen, including J.P. Morgan, Charles Schwab and Andrew Carnegie, came together to form the largest business enterprise the world had ever seen.

Through the consolidation of Carnegie Steel Company along with several other steel and iron businesses, they formed US Steel.

And it was immediately the world’s first billion-dollar corporation.

But that was just the beginning. US Steel quickly became a symbol of American industrial might.

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