U.S. Steel's goals were to achieve greater economies of scale, reduce transportation and resource costs, expand product lines, and improve distribution to allow the United States to compete globally with the United Kingdom and Germany. Schwab and others claimed the company's size would enable it to be more aggressive and effective in pursuing distant international markets ("globalization"). U.S. Steel was regarded as a monopoly by critics, as it sought to dominate not only steel but the construction of bridges, ships, railroad cars and rails, wire, nails, and many other products. With U.S. Steel, Morgan captured two-thirds of the steel market, and Schwab was confident that the company would soon hold a 75% market share. However, after 1901, its market share dropped; and in 1903, Schwab resigned to form Bethlehem Steel, which became the second largest U.S. steel producer.