Frick and Carnegie disagree over the price of coke.
Carnegie attempts to get Frick to sell him coke at a cut-rate price, and even to take over Frick's interest in Carnegie Steel. Frick sues for the market value of his coke, and the case is settled out-of-court.
Carnegie Steel's annual profit is $40 million.
Carnegie Institute of Technology established.
Carnegie sells out to Morgan.
Carnegie allows J.P. Morgan to buy him out for $480 million, a move which allows Morgan to create US Steel, and makes Carnegie the richest man in the world.
Carnegie Institution established.
Carnegie founds the Carnegie Institution to provide research for American colleges and universities.
Carnegie Teachers' Pension Fund is established.
Carnegie endows the fund with $10,000,000.
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