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Essay / Research Paper Abstract
5 pages in length. Charles Michael Schwab was a business powerhouse. Instrumental in revamping the entire steel industry, Schwab took the ultimate risk in order to manufacture a type of steel that still maintains the integrity of some of the world's most celebrated structures. Schwab was not a quitter when it came to innovation and industry sense. His business savvy was both feared and
revered by the most powerful to the least influential; to Schwab, it did not matter who you were as long as you were part of the working team. He did, however, maintain a separation between management and laborer, firmly believing that supervisory personnel was never to be overpowered by
the working population. The writer discusses the
contributions Schwab made to the steel industry and
contemporary business. Bibliography lists 4 sources.
Page Count:
5 pages (~225 words per page)
File: LM1_TLCschwb.doc
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Unformatted sample text from the term paper:
of some of the worlds most celebrated structures. Schwab was not a quitter when it came to innovation and industry sense. His business savvy was both feared and
revered by the most powerful to the least influential; to Schwab, it did not matter who you were as long as you were part of the working team. He
did, however, maintain a separation between management and laborer, firmly believing that supervisory personnel was never to be overpowered by the working population. Schwabs contribution to the steel industry came
in the form of his own defiance. With hard work and a diligent attitude, Schwab was solely responsible for manufacturing the wide-flanged Grey beam, an innovative fabrication that exists
in such famous structures as the Empire State Building and the Chrysler Building (Creating An Industrial Giant). After he talked the powers-that-be at Bethlehem Steel into trusting his instinct,
he was never looked upon as anything less than a genius from that point forward. Soon he established his own conglomerate known as U.S. Steel Corp., Americas largest steel
maker. However, while his business finesse was unbeatable, his personal attributes left much to be desired. A gambling man at heart, Schwab was unable to separate his business
interests from his personal obsession; as a result, his uncontrollable habit ultimately cost him his fortune (Creating an Industrial Giant). One of the
most remarkable changes that took place during the first half of the nineteenth century was the shift from an artisan-based system of production to one that was grounded in an
industrial system. "One thing that marked Schwab as the new industrialist of the 20th century was his salesmanship" (Creating an Industrial Giant). It can readily be argued that
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