The Steel Business
By: Noah Miller
How and why The Steel Business grew
Steel was beginning to become big. Steel was built for railroads, bridges and many other products, but nobody would buy steel because it was to expensive. The mills grew because they emerged closer to sources of iron ore near Western Pennsylvania and Eastern Ohio, and made cheaper
Son of a Scottish immigrant, Carnegie was the leading figure in the early years of the American steel industry. He started as a telegraph operator, then worked his war up to become a manager of a railroad. in 1865, he left to invest into the growing of the iron industry.
Why government began to restrict the growth of Steel
The government restricted the growth of the business because business would combine with other business, and grow rapidly. In 1890, Congress passed the Sherman Antitrust Act. This law protected trade and commerce against unlawful restraint and monopoly,