Events tagged with "j p morgan"

Historical Events tagged with "j p morgan"

Turns out history loves a label—battles, breakthroughs, and the occasional disaster, all neatly tagged for your browsing pleasure. Because sometimes you just need every weird invention in one place.

Economics & Industry

J. P. Morgan Founds U.S. Steel Corporation

February 5th, 1901 124 years ago

J. P. Morgan incorporated U.S. Steel in New Jersey, marking a significant moment in the American steel industry. The company, known as the first billion-dollar corporation, amalgamated key assets from prominent steel firms, which would later reshape the landscape of industrial America. Although the business operations were set to commence in late February, the strategic acquisition of major companies such as Carnegie Steel, Federal Steel, and National Steel was executed in early April, solidifying U.S. Steel's dominance in the market.