Question

Please. Medal for answer. I need a brief History on the steel industry and evaluations on how the industry helps and harms people.

Answer 1

http://www.prnewswire.com/news-releases/u-s-steel-president-and-ceo-mario-longhi-and-steel-industry-leaders-press-congress-to-enforce-fair-trade-practices-300056572.html

Answer 2

The steel industry became a monopoly, it was dangerous because the companies gained allot of power, and raised the prices. Monopolies can cause money to cost less, because the government had to print more money.

Answer 3

Thanks ... any more info?

Answer 4

@Dragonwiz88 I correct myself, I ment monopolies can cause money to be worth less than it is. For example, a gallon of milk can be 1 dollar, but if the government has to print more money, that gallon of milk can be a few cents more.

Also one of the major producers of steel was Carnegie Steel. By 1900, The U.S was the largest producer of Steel and the lowest cost producer.

Answer 5

Isn't toblerone a german chocolate candy company name?