Article originally appeared on www.zerohedge.com.
by James Hickman via Schiff Sovereign
The year was 1901, and it was pretty much a who’s who of American business and finance at the time. Andrew Carnegie. JP Morgan. Charles M. Schwab. Elbert Gary (namesake of the city Gary, Indiana).
It would be as if Elon Musk, Billy Gates, and Carl Icahn all got together on a new venture. It would be pretty much guaranteed to be a big deal.
Those early 20th century titans formed what would become the world’s largest and most important company in that era— US Steel.
This was a period of history in which the United States was growing by leaps and bounds. Entire cities were built from nothing. Rail was being feverishly laid across the country. New buildings and skyscrapers were going up in major cities.
And steel made it all possible. In 1901 it was the most vital commodity in the world, far more important than oil. …
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