Today In History- February 25

Today In History- February 25

TOPIC

J.P. Morgan incorporates the United States Steel Corporation.

Stories about Today In History- February 25

U.S. Steel incorporated by tycoon J.P. Morgan.

  • Pennsylvania, USA

On Feb. 25, 1901, the world's first billion dollar corporation, the U.S. Steel Corporation, was incorporated.  Founded by J.P. Morgan and Elbert H. Gary, the corporation combined the steel operations of Andrew Carnegie and Gary's Federal Steel Company, with an estimated value of $492 Million, an absolutely enourmous sum for the time.

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Created:
1/17/2008
Modified:
7/19/2011
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