Charles Schwab (1862–1839) was an industrial tycoon and entrepreneur who made his fortune in the steel industry. Schwab began working at a Pennsylvania steel works owned by Andrew Carnegie as a teenager. In 1887, at age twenty-five, he became a plant manager, and in 1892, Carnegie appointed him to deal with the aftermath of the Homestead Steel strike. Ten years later, Schwab was promoted to become president of Carnegie Steel. In 1901, he joined with J.P. Morgan in creating the United States Steel Corporation. Schwab served as president of US Steel until 1903, when he resigned to run the Bethlehem Steel Company.

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