
Bethlehem Steel
Builder and Arsenal of America
Kenneth Warren(Author)
University of Pittsburgh Press
Published on 30. December 2009
Book
Paperback/Softback
344 pages
978-0-8229-6067-6 (ISBN)
Description
In the late 19th century, rails from Bethlehem Steel helped build the United States into the world's foremost economy. During the 1890s, Bethlehem became America's leading supplier of heavy armaments, and by 1914, it had pioneered new methods of structural steel manufacture that transformed urban skylines. Demand for its war materials during World War I provided the finance for Bethlehem to become the world's second-largest steel maker. As late as 1974, the company achieved record earnings of $342 million. But in the 1980s and 1990s, through wildly fluctuating times, losses outweighed gains, and Bethlehem struggled to downsize and reinvest in newer technologies. By 2001, in financial collapse, it reluctantly filed for Chapter 11 bankruptcy protection. Two years later, International Steel Group acquired the company for $1.5 billion.
In Bethlehem Steel, Kenneth Warren presents an original and compelling history of a leading American company, examining the numerous factors contributing to the growth of this titan and those that eventually felled it-along with many of its competitors in the U.S. steel industry.
Warren considers the investment failures, indecision and slowness to abandon or restructure outdated \u201cintegrated\u201d plants plaguing what had become an insular, inward-looking management group. Meanwhile competition increased from more economical \u201cmini mills\u201d at home and from new, technologically superior plants overseas, which drove world prices down, causing huge flows of imported steel into the United States.
Bethlehem Steel provides a fascinating case study in the transformation of a major industry from one of American dominance to one where America struggled to survive.
In Bethlehem Steel, Kenneth Warren presents an original and compelling history of a leading American company, examining the numerous factors contributing to the growth of this titan and those that eventually felled it-along with many of its competitors in the U.S. steel industry.
Warren considers the investment failures, indecision and slowness to abandon or restructure outdated \u201cintegrated\u201d plants plaguing what had become an insular, inward-looking management group. Meanwhile competition increased from more economical \u201cmini mills\u201d at home and from new, technologically superior plants overseas, which drove world prices down, causing huge flows of imported steel into the United States.
Bethlehem Steel provides a fascinating case study in the transformation of a major industry from one of American dominance to one where America struggled to survive.
Reviews / Votes
"[Warren's] research is impressive. Students of industrial history will find Bethlehem Steel a revealing and timely work, defining challenges that all sorts of companies face today, across the U.S. and around the world." - Wall Street Journal"More details
Language
English
Place of publication
Pittsburgh PA
United States
Target group
College/higher education
Product notice
Paperback (trade)
Unsewn / adhesive bound
Illustrations
25 illustrations
Dimensions
Height: 231 mm
Width: 218 mm
Thickness: 22 mm
Weight
503 gr
ISBN-13
978-0-8229-6067-6 (9780822960676)
Copyright in bibliographic data and cover images is held by Nielsen Book Services Limited or by the publishers or by their respective licensors: all rights reserved.
Schweitzer Classification
Person
Kenneth Warren is Emeritus Fellow of Jesus College, University of Oxford. He is the author of numerous books, including Big Steel: The First Century of the United States Steel Corporation 1901?2001; Wealth, Waste, and Alienation: Growth and Decline in the