How America's Most Valuable Company Faded Into Irrelevance скачать в хорошем качестве

How America's Most Valuable Company Faded Into Irrelevance

Thank you to Trade for sponsoring. Visit http://drinktrade.com/howhistoryworks to enjoy a free bag of coffee when you subscribe. You'll get 3 bags of coffee for the price of 2, or a savings of more than 30%! Sign up for my FREE newsletter! - https://www.compoundeddaily.com/ ------ #HowHistoryWorks #History #business Link To Our Other Channel:    / howmoneyworks   Written By: Sam Video Created By: Svibe Multimedia Studio Editor: Cardan Media Gatherer: Andrea Rivas Footage Courtesy of: Getty Images Music Provided By: Epidemic Sound For sponsorship inquiries, please contact [email protected] ----- US Steel was America’s first billion-dollar company in 1901. [1] With inflation, its formation was worth $51.4 billion! [2] That made it larger than the national debt and three times larger than the federal budget! But 100 years later, it’s not even on the Fortune 500 list. In fact, US Steel may not be American for much longer! If Nippon Steel gets its way, the symbol of American engineering will become Japanese for just $14 billion. That’s a yard sale discount for a world leading steel producer who erected the San Francisco Bay Bridge, part of NASA’s Kennedy Space Station, and even the home of the United Nations in New York. At one point it cornered 67% of the booming steel business. But flash forward to now and domestic consumption has been reduced to 8%. So how did the biggest player in America’s industrial revolution fall from grace? Were they outpaced by new competitors? Were they outdated by tech? Or did the guys at the top simply fall asleep at the wheel? It starts at the dawn of the 20th century. It had become clear that the industrial revolution had a lot more gas left in the tank. So J.P. Morgan and Charles Schwab decided to take advantage of this opportunity by teaming up. [4] But U.S. Steel’s climb to the top wasn’t going to be easy. In fact, trouble started right away… It’s time to learn How History Works as we take apart “The 100 Year Decline of America’s Most Important Company”. ----- SOURCES https://web.archive.org/web/201810122... https://www.investopedia.com/ask/answ... https://www.ebhsoc.org/journal/index.... https://edition.cnn.com/2023/12/18/bu.... https://www.entrepreneur.com/money-fi... https://www.carnegie.org/interactives... https://www.in2013dollars.com/us/infl.... https://www.americanheritage.com/deal... https://www.statista.com/statistics/2... https://www.britannica.com/money/Beth... https://www.britannica.com/biography/... https://www.steelonthenet.com/kb/hist... https://www.britannica.com/money/Unit... https://www.construction-physics.com/... https://www.nationalmaterial.com/brie... https://www.britannica.com/technology... http://www.sfu.ca/~kawasaki/Elbaum.pdf https://edition.cnn.com/2023/12/18/bu... https://pabook.libraries.psu.edu/lite... https://www.nipponsteel.com/en/news/2...