The American steel industry has suffered as the market floods with imports, forcing prices down, all while the Administration dithers and delays over tariffs.
Before long, Andrew Carnegie was the unquestioned leader of America's steel industry. His position gave him great power over the economy of the whole country.
China is aiming to shut down so-called zombie companies that over produce, such as the coal and steel industries, while upgrading the country's manufacturing sector.
The same story was true in the steel industry. But the new labor leaders succeeded in becoming the official representatives of steel workers throughout the country.