Credit: National Portrait Gallery, Smithsonian Institution; gift of H.S. Morgan
In 1901, financier John Pierpont Morgan purchased Carnegie Steel and the National Tube Works in McKeesport, PA. From these he fashioned U. S. Steel, the nation's first billion-dollar company. The deal made Carnegie, "the richest man in the world," and cemented Morgan's stature as the greatest deal maker of his age.
