American Decades

Report

By: United States Steel Corporation

Date: 1902

Source: United States Steel Corporation. First Annual Report of the United States Steel Corporation for the Fiscal Year Ended December 31, 1902. Pittsburgh: United States Steel Corporation, 1902, 13–20.

About the Organization: When it was founded in 1901, the United States Steel Corporation, better known as U.S. Steel, was the largest business enterprise ever launched, with more than $1 billion in capital. Formed through the dealings of legendary businessmen including J.P. Morgan, Andrew Carnegie, Charles Schwab, and Elbert H. Gary (the company's first chairman), U.S. Steel quickly became the country's largest producer of steel, a title it still holds today.

Introduction

The late–nineteenth century was a period of unparalleled industrial growth in America. It was marked by the emergence of new...