In 1901, John Pierpont Morgan financed the merger that resulted
in the formation of U.S. Steel, the first billion-dollar company.
Related Answers
- What does it mean to galvanize steel? To galvanize steel means that a zinc coating is applied, either by "hot-dipping" the steel in molten zinc or by electroplating it in an electrolytic process. Thus…
- What was the miracle in Miracle of Morgan's Creek (1944)? The miracle in Miracle of Morgan's Creek was the birth of sextuplets to Trudy Kockenlocker (Betty Hutton). She was a woman who got married and pregnant without…
- When did William C. Durant found the General Motors Corporation? William C. Durant found the General Motors Corporation in 1908, in Flint, Michigan.
- What is the biggest corporation in America? In 1992, the biggest corporation in America was General Motors, with sales of $133 billion and assets of $191 billion. In second place was Exxon, with sales…
- What magazine empire is bigger, the Hearst Corporation or Time Warner? As of 1990, the magazine empire Time Warner was about twice as big, with $1.855 billion in magazine revenue to Hearst's $993 million.
- Why was the National Rail Passenger Corporation Amtrak founded in 1970? The federal government founded the National Rail Passenger Corporation Amtrak in 1970 to prevent the imminent extinction of passenger railroads in the U.S. Unable to compete with…