DB! - In 1909 was when the Keystone Coal and Coke Company...

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Pennsylvania is known as the "Keystone State," and has in which over the course of development earned the title. It can be hard for people to imagine but if it wasn't for the steel mills there wouldn't be the Keystone State Park or many other companies. The steel mills used coke which is partially burned coal to make the steel. Another resource that was used in the making of the steel was water which was used to extinguish the fire of burning the coke to make the steel. In a decade’s time Andrew Carnegie and other steelworkers would be combined under J.P. Morgan into the business United States Steel Corporation, based in Pittsburgh. Carnegie and his family left Scotland and came to Pittsburgh in 1848 and he received $250 million when Morgan founded the U.S. Steel Corporation.
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Unformatted text preview: In 1909 was when the Keystone Coal and Coke Company started where it was ran on the Keystone Lake and by 1938 it became Salem Two Mine. From 1963 and on Pennsylvania’s Steel industry began a period of decline. By 1979, U.S. Steel was suffering massive loses. In 1980 alone they lost %560 million in a single quarter. There were major cutbacks and layoffs. In the popular, “Steel City”, Pittsburgh area the averages went from 90,000 in 1980 to 44,000 in 1984. References: Steel. Pennsylvania Department of Conservation and Natural Resources. DCNR. 20 May 2008http://www.dcnr.state.pa.us/stateparks/parks/keystone/keystone_history.aspx "Pennsylvanians and the Environment." ExplorePAHistory. 20 May 2008 < http://www.explorepahistory.com/story.php?storyId=14 >....
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This note was uploaded on 05/31/2008 for the course AG EC 450 taught by Professor Abler,davidgerar during the Spring '07 term at Penn State.

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