Bethlehem Steel in Lackawanna

Bethlehem Steel in Lackawanna (HM1M6G)

Location: Buffalo, NY 14203 Erie County
Buy New York State flags at Flagstore.com!
Country: United States of America
Buy United States of America flags at Flagstore.com!

N 42° 50.043', W 78° 51.281'

  • 0 likes
  • 0 check ins
  • 0 favorites
  • 637 views
Inscription

The Industrial Heritage Trail

— Part 3: The Purchase of Lackawanna Steel —

Lackawanna Steel continued to grow throughout the early 1900s. However, the steel plant fell on considerably hard financial times in 1918 and 1919, coupled with violent worker strikes and demonstrations for better working conditions and benefits. The plant briefly returned to profitability in 1921, but the lack of investment in new technology came to heavily affect the plant's ability to compete with more modern plants, and the company posted large deficits in 1922. On May 11, 1922, Lackawanna Steel announced it had agreed to be purchased by Bethlehem Steel, in a merger which would create a billion dollar company. The purchase price was $60 million dollars, probably less than half of what the company was worth. Bethlehem Steel capitalized on their cheap purchase price of the aging plant and invested $40 million dollars to bring the facility up to modern standards, gearing its production to the burgeoning automobile market. As a result of this investment and Bethlehem's considerable industry connections, the plant boomed in production during the 1920s, becoming highly profitable and managing to maintain its operations through the Great Depression years of the 1930s. At the outbreak of World War II, the plant was in prime condition to supply steel of all types to American industrial centers. By 1943, the steel plant regained the title of world's largest steel production facility, employing over 20,000 workers on around the clock shifts. Hamburg Turnpike at Gate 1 of Bethlehem Steel, August 7, 1952, 3:30 P.M. Image Source: Steel Plant Museum of WNY. Steel Plant Museum of WNY
Details
HM NumberHM1M6G
Tags
Placed ByThe Industrial Heritage Committee, Inc
Marker ConditionNo reports yet
Date Added Saturday, July 25th, 2015 at 2:01pm PDT -07:00
Pictures
Sorry, but we don't have a picture of this historical marker yet. If you have a picture, please share it with us. It's simple to do. 1) Become a member. 2) Adopt this historical marker listing. 3) Upload the picture.
Locationbig map
UTM (WGS84 Datum)17T E 675334 N 4744618
Decimal Degrees42.83405000, -78.85468333
Degrees and Decimal MinutesN 42° 50.043', W 78° 51.281'
Degrees, Minutes and Seconds42° 50' 2.58" N, 78° 51' 16.86" W
Driving DirectionsGoogle Maps
Area Code(s)716
Which side of the road?Marker is on the right when traveling South
Closest Postal AddressAt or near 1807-1813 Fuhrmann Boulevard, Buffalo NY 14203, US
Alternative Maps Google Maps, MapQuest, Bing Maps, Yahoo Maps, MSR Maps, OpenCycleMap, MyTopo Maps, OpenStreetMap

Is this marker missing? Are the coordinates wrong? Do you have additional information that you would like to share with us? If so, check in.

Check Ins  check in   |    all

Have you seen this marker? If so, check in and tell us about it.

Comments 0 comments

Maintenance Issues
  1. Is this marker part of a series?
  2. What historical period does the marker represent?
  3. What historical place does the marker represent?
  4. What type of marker is it?
  5. What class is the marker?
  6. What style is the marker?
  7. Does the marker have a number?
  8. What year was the marker erected?
  9. This marker needs at least one picture.
  10. Can this marker be seen from the road?
  11. Is the marker in the median?