The Metal Industry During The 1920's

The technological innovation in producing iron, steel, gasoline, and combustion engine increased the industrial productions after 1865. As railroad industry increased during the 1880s, the nation was hit with the revelation of the importance of the metal industry. Because of the high demand for metals to construct the railroad, inventors such as William Kelley, American, and Henry Bessemer, English, had invented a process that enabled them to convert iron into more durable and versatile steel after finding out that iron could be converted to steel. In addition, an ironmaster in New Jersey, Abram S. Hewitt, introduced the open-hearth process, another method of making steel. These innovations enabled the iron production to soar and help in the manufacture of buildings as well as railroads. On the other hand, steel industry also became prominent in America when a demand for hard coal increased. To keep up with the demands, new technology were introduced which allowed soft coal to be converted to hard coal to fuel steel furnaces. Two technologies played a crucial role in the industrial production of automobiles and one of them was the creation of gasoline. A new technology that allowed

This new technique proved to be useful and capable as well as lead to more features of modern corporation, consolidation. Two methods were used by businessmen to create consolidated organizations, one of them was the “horizontal integration” and the other was the “vertical integration”. The first method combined firms with same enterprise into one corporation. The other method enabled corporate leaders to take control of all the businesses that the company relied