By Robert P. Rogers

This booklet offers a easy define of the historical past of the yankee metal undefined, a quarter of the financial system that has been an incredible a part of the economic procedure. The e-book begins with the 1830's, whilst the yank iron and metal resembled the conventional iron generating region that had existed within the previous international for hundreds of years, and it leads to 2001. The fabricated from this undefined, metal, is an alloy of iron and carbon that has turn into the main used steel on this planet. The very dimension of the metal and its place within the sleek economic climate provide it an strange relevance to the commercial, social, and political system.

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The steel industry itself contributed to this change. From it came the I-Beam, a structural piece of iron or steel that could be used as the major support for a building. Other factors increased the efficacy of these large steel buildings. Among them were elevators, fire-proof hollow bricks, and electric and gas lighting. The pioneering city for these buildings was Chicago, but New York soon followed. (For the special role of Chicago, see Hogan, 1971, pp. ) In this period the oil industry became a source of the demand for iron and steel.

The development of the Bessemer and open hearth led to changes in the other parts of the iron-making process. The operations of the Bessemer converter required a precise sense of timing and knowledge of chemistry. These attributes were used in many other parts of the production process, especially the blast furnaces and the rolling mills. 1 Production of iron and steel, 1860–1900 Year Iron Steel Process used to make steel 1860 1870 1880 1890 1900 919,770 1,865,000 4,295,414 10,307,027 15,443,951 13,000 69,000 1,497,000 4,790,800 11,412,000 Blister and crucible steel Mostly Bessemer Mostly Bessemer Mostly Bessemer and open hearth Mostly Bessemer and open hearth Source: Hogan, 1971, pp.

The firm owned limestone mines, steamship companies, and a railroad from Lake Erie to Pittsburgh. 28 An Economic History of the American Steel Industry By the late 1890s, the Carnegie Company had a very large capacity to produce iron and steel. S. 5 million tons in 1900. 5 million tons a year compared to a total national production of over 11 million tons. Thus, the Carnegie firm not only dominated the Pittsburgh area but also controlled a sizeable portion of the total capacity for the United States.

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