Industrial Giants: Railroads, Steel, And Oil Industry

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Three industries come to mind during this time period when you talk about "Industrial Giants" - Railroads, Steel, and Oil. The leaders in all 3 industries came to the same conclusion - competition was wasteful and small-scale enterprises inefficient. New business methods were needed and formed. Competition was eliminated, rates were stabilized, costs were cut by optimizing operations, and standards were set so there could be contingency across their respected industries.
The crucial element that this period needed for industrial growth was STEEL. We needed steel and lots of it. Steel for longer bridges (Brooklyn), steel for skyscrapers, steel for better railroads, steel for better plows, steel for heavier machinery, steel for faster ships,

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