WebJ. P. Morgan formed U. S. Steel on March 2, 1901 (incorporated on February 25, 1901), by financing the merger of Andrew Carnegie's Carnegie Steel Company with Elbert H. Gary's Federal Steel Company and William Henry "Judge" Moore's National Steel Company for $492 million ($17.1 billion today). At one time, U. S. Steel was the largest steel producer … WebInterviewer: Emma Fantuzzo. During the Gilded Age, a select few people made immense fortunes. One of them was Andrew Carnegie, a Scottish immigrant, who became a steel tycoon and one of the wealthiest people in America at the time. Who did Carnegie give his money to? Andrew Carnegie sold his steel company to J.P. Morgan for $480 million in …
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