February 5, 1901 (the Boxer, the twelfth lunar month 17), Morgan M & Steel Company, a steel giant.



like
1901 February 5, 2010, the U.S. steel magnate Andrew Carnegie, Pierpont Morgan bought all of several iron ore Rockefeller and Andrew Carnegie iron and steel business to become the largest steel company in the United States, 65% of the steel production control. The deal will cost $ 1 billion.
Morgan asked his American Iron and Steel Co., Ltd., the way he used in the development of the railway in order to eliminate the competition. According to the principle of his interest interlinked ", the large consortia giants privately cooperation in inter-company competition.
U.S. steel industry giant Morgan like