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- United_States_Shipbuilding_Company abstract "The United States Shipbuilding Company was a short-lived trust made up of seven shipbuilding companies, a property owner and steel company. Its stocks and bonds were unattractive to investors, and several of its member shipyards were overvalued, conditions which brought down the company less than a year after it was formed in 1902. The company’s failure enabled Bethlehem Steel to become Bethlehem Shipbuilding & Steel Company.At the turn of the 20th century, John Willard Young, a son of Mormon pioneer Brigham Young, promoted the idea that many leading American shipbuilding companies should form one gigantic combination. The United States Shipbuilding Company was the manifestation of that idea.Under that idea, the enterprise's central designing office would apportion the shipbuilding work to the yards best able to take it, to better compete with European shipyards. Although American shipbuilding was not considered a highly profitable venture, the political environment seemed right for improvement. President William McKinley and his new Vice President, Theodore Roosevelt, had endorsed federal subsidies for American shipbuilding industries, to compensate for the subsidies provided by European governments, but Congress had not yet approved such a measure. A renowned naval architect and public servant, Lewis Nixon, was chosen to lead the venture, and helped to attract several major shipyards to participate.Unfortunately, however, "the one thing [the consolidated firms] lacked, individually and collectively, was a realistic prospect of earning sustained profits." Financially the corporation failed almost immediately. As one scholar would later write of this plan, “the theory was impossible; the condition was untenable; the trust, as it was manufactured, was impracticable; and the United States Shipbuilding Company was insolvent.”".
- United_States_Shipbuilding_Company thumbnail Lewis_Nixon.jpg?width=300.
- United_States_Shipbuilding_Company wikiPageID "30600358".
- United_States_Shipbuilding_Company wikiPageRevisionID "600966561".
- United_States_Shipbuilding_Company hasPhotoCollection United_States_Shipbuilding_Company.
- United_States_Shipbuilding_Company subject Category:Companies_disestablished_in_1903.
- United_States_Shipbuilding_Company subject Category:Companies_established_in_1902.
- United_States_Shipbuilding_Company subject Category:Defunct_shipbuilding_companies_of_the_United_States.
- United_States_Shipbuilding_Company type Abstraction100002137.
- United_States_Shipbuilding_Company type CompaniesDisestablishedIn1903.
- United_States_Shipbuilding_Company type CompaniesEstablishedIn1902.
- United_States_Shipbuilding_Company type Company108058098.
- United_States_Shipbuilding_Company type Group100031264.
- United_States_Shipbuilding_Company type Institution108053576.
- United_States_Shipbuilding_Company type Organization108008335.
- United_States_Shipbuilding_Company type SocialGroup107950920.
- United_States_Shipbuilding_Company type YagoLegalActor.
- United_States_Shipbuilding_Company type YagoLegalActorGeo.
- United_States_Shipbuilding_Company type YagoPermanentlyLocatedEntity.
- United_States_Shipbuilding_Company comment "The United States Shipbuilding Company was a short-lived trust made up of seven shipbuilding companies, a property owner and steel company. Its stocks and bonds were unattractive to investors, and several of its member shipyards were overvalued, conditions which brought down the company less than a year after it was formed in 1902.".
- United_States_Shipbuilding_Company label "United States Shipbuilding Company".
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- United_States_Shipbuilding_Company sameAs Q7892197.
- United_States_Shipbuilding_Company sameAs Q7892197.
- United_States_Shipbuilding_Company sameAs United_States_Shipbuilding_Company.
- United_States_Shipbuilding_Company wasDerivedFrom United_States_Shipbuilding_Company?oldid=600966561.
- United_States_Shipbuilding_Company depiction Lewis_Nixon.jpg.
- United_States_Shipbuilding_Company isPrimaryTopicOf United_States_Shipbuilding_Company.