In 1901, J. P. Morgan absorbed and amalgamated a host of smaller companies into the mighty U.S. Steel Corporation, the largest business enterprise the world had ever seen. With a value of $1.4 billion, it was worth more than all the land in the United States west of the Mississippi and twice the size of the federal government if measured by annual revenue. Bryson, Bill. At Home (p. 314). Knopf Doubleday Publishing Group. Kindle Edition.


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