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7

In February 1939, an entrepreneur of Irish descent named Thomas James

Neilan decided to go into the steel business.

Neilan believed that he could

succeed even though times were tough in Los Angeles just then. Like the

rest of America, the city had weathered ten long, grinding years of the Great

Depression, which had left tens of thousands of its residents unemployed and

a multitude of local businesses struggling to survive.

FOUNDATIONOF STEEL

1939-1959

1