George Westinghouse in the context of Westinghouse Electric Corporation


George Westinghouse in the context of Westinghouse Electric Corporation

⭐ Core Definition: George Westinghouse

George Westinghouse Jr. (October 6, 1846 – March 12, 1914) was a prolific American inventor, engineer, and entrepreneurial industrialist based in Pittsburgh, Pennsylvania. He is best known for his creation of the railway air brake and for being a pioneer in the development and use of alternating current (AC) electrical power distribution. During his career, he received 360 patents for his inventions and established 61 companies, many of which still exist today.

His invention of a train braking system using compressed air revolutionized the railroad industry around the world. He founded the Westinghouse Air Brake Company in 1869. He and his engineers also developed track-switching and signaling systems, which lead to the founding of the company Union Switch & Signal in 1881.

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George Westinghouse in the context of Downtown Pittsburgh

Downtown Pittsburgh, colloquially referred to as the Golden Triangle, and officially the Central Business District, is the urban downtown center of Pittsburgh, Pennsylvania, United States. It is located at the confluence of the Allegheny River and the Monongahela River whose joining forms the Ohio River. The triangle is bounded by the two rivers.

The area features offices for major corporations such as PNC Bank, U.S. Steel, PPG, Bank of New York Mellon, Heinz, Federated Investors, and Alcoa. It is where the fortunes of such industrial barons as Andrew Carnegie, Henry Clay Frick, Henry J. Heinz, Andrew Mellon and George Westinghouse were made. It contains the site where the French fort, Fort Duquesne, once stood.

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George Westinghouse in the context of Westinghouse Electric (1886)

The Westinghouse Electric Corporation was an American manufacturing company founded in 1886 by George Westinghouse and headquartered in Pittsburgh, Pennsylvania. It was originally named "Westinghouse Electric & Manufacturing Company" and was renamed "Westinghouse Electric Corporation" in 1945. Through the early and mid-20th century, Westinghouse Electric was a powerhouse in heavy industry, electrical production and distribution, consumer electronics, home appliances and a wide variety of other products. They were a major supplier of generators and steam turbines for most of their history, and was also a major player in the field of nuclear power, starting with the Westinghouse Atom Smasher in 1937.

A series of downturns and management missteps in the 1970s and 80s combined with large cash balances led the company to enter the financial services business. Their focus was on mortgages, which suffered significant losses in the late 1980s. In 1992 they announced a major restructuring and the liquidation of their credit operations. In 1995, in a major change of direction, the company acquired the CBS television network and renamed itself CBS Corporation. Most of its remaining industrial businesses were sold off at this time. CBS Corp was acquired by Viacom in 1999, a merger completed in April 2000. The CBS Corporation name was later reused for one of the two companies resulting from the split of Viacom in 2005.

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