HIST 106 Lecture Notes - Lecture 2: Frederick Winslow Taylor, Homestead Strike
8 Oct 2017
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Long run trust and pools not most effective way to grow market shares. Major change in fathers life: hand to machine produced. Carnegie believed in running equipment at maximum rate. Did not focus on profit, rather than on costs. Cyclops iron works merge to union iron to create cheap source of beams for keystone. Carnegie did not make speech to end homestead strike. Carnegie had system that pre-dated frederick winslow taylor writings. J. p morgan step in to halt confrontation because he was responsible for american. Handsome profit = expelled from railroads board of directors securities among european investors. Pennsylvania railroad charge high freight rates and carnegie couldn"t hold down costs. J. g leishman career ended when speculate in pig iron and ore. Carnegie had friends and relatives in u. s when immigrate. Carnegie reward loyalty with shares to company. Carnegie ownership of pittsburgh, shenango, and lake erie allow to leverage. The idea that we will have a bunch of local rules/laws.
