In 1986, a man named Henry Oliver made a deal with the two most wealthy men in America. If John and Andrew helped fund the iron mining business, they would split up control of the business with Oliver mining the iron, Rockefeller shipping the materials, and Carnegie producing the iron into steel.
HENRY OLIVER AND THE IRON MINING BIUSNESS
John D. Rockefeller
So it's settled then.
Iron mining is not an easy business and requires Tremendous financial risk. It requires a place were iron ore was plentiful, and people to dig it up. These workers had a highly dangerous job, and were payed very little.
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It then required trains and miles of railroad to ship to factories were it could be turned into steel, a durable and long lasting metal.
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As. the ore arrives at the factory, where it is taken to an open-heath furnace, where the impurities are removed.
The process of turning iron into steel is a fairly complex one. First, you have to dump all the iron ore into a big open hearth furnace. A bit of limestone is added to the pot and it is then heated to 16000 degrees Fahrenheit. Then the limestone and ore float to the top and form a slag, and all the impurities float out of the iron until it becomes steel.
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the final product (steel) is then sold to markets around the world for various purposes such as building trains.