1915–1923

Midvale Steel

and

Ordnance Company

​

1915: The heyday of trusts may be over,

but huge financial interests still have plenty of power over big industry

(railroads, oil, steel, etc.).

 

A new company buys practically all the stock of the old company;

with the ownership change also come management changes,

and acquisitions of steel companies

at Johnstown, Coatesville,

and Eddystone