George Lauder | |
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Born | November 11, 1837 Dunfermline, Fife, Scotland |
Died | August 24, 1924 Greenwich, Connecticut, United States | (aged 86)
Resting place | Putnam Cemetery |
Other names | Dod |
Alma mater | University of Glasgow |
Occupation(s) | Industrialist Mechanical Engineer |
Known for | Revolutionizing the steel industry as a partner at Carnegie Steel |
Spouse | Anna Maria Romeyn Varick |
Children | 3 |
Parents |
|
Family | Lauder Greenway Family |
George Lauder Jr. (November 11, 1837 – August 24, 1924) was a Scottish-American industrialist. A trained mechanical engineer, Lauder was responsible for many of the technical advancements made in the steel industry during the Industrial Revolution including updates to both the Bessemer Process and coal washing machinery while also leading the use of steel in arms and defense.
Lauder was the first cousin and so-called "cousin-brother" of steel magnate Andrew Carnegie and his partner in the Carnegie Steel Company.[1] He received proceeds from the sale in secure 5% gold mortgage bonds at 1.5 par value. Lauders fortune was later valued around $50 million (almost $2 Billion today).The sale of Carnegie Steel to J.P. Morgan in 1901 created U.S. Steel where Lauder sat on the board of directors.[2][3]
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