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Democracy, Journalism, and Monopoly: How to Fund Independent News Media in the 21st Century
Best-practice steam engine technology could have saved the equivalent of a quarter of labor costs at most plants. Inefficient furnaces were oxidizing away huge amounts of metal. The Germans were pulling ahead in the use of overhead belt conveyors. It was absurdly wasteful to support 119 rail-shape standards. Better management of furnace linings, mo
... See moreCharles R. Morris • The Tycoons: How Andrew Carnegie, John D. Rockefeller, Jay Gould, and J. P. Morgan Invented the American Supereconomy
The charade was ended in 1892 by incorporating as a New Jersey holding company and replacing the trust certificates with Standard of New Jersey stock.
Charles R. Morris • The Tycoons: How Andrew Carnegie, John D. Rockefeller, Jay Gould, and J. P. Morgan Invented the American Supereconomy
continuous processing, the mechanization of unreliable hand processes, and John Hall’s style of reconceiving a process down through the finest-grained of production details. British visitors to American steel plants were astonished—not just at their scale and speed but by the “very conspicuous absence of labourers.”
Charles R. Morris • The Tycoons: How Andrew Carnegie, John D. Rockefeller, Jay Gould, and J. P. Morgan Invented the American Supereconomy
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