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Henry Clay Frick (December 19, 1849 – December 2, 1919) was an American industrialist, financier, and art patron.He founded the H. C. Frick & Company coke manufacturing company, was chairman of the Carnegie Steel Company and played a major role in the formation of the giant U.S. Steel manufacturing concern.
This relationship progressed with the result in Frick being the major supplier of coke to the new company. [1] Thomas Carnegie, Andrew Carnegie's brother died in 1886 and in 1889 Frick began to manage a portion of the company. [2] Frick also bought company shares. Frick advanced and was promoted to chairman of the company.
Andrew Carnegie builds an empire around steel, but finds himself struggling to save face after the ruthless tactics of his business partner, Henry Clay Frick, result in both the Johnstown Flood as well as the bloody 1892 strike at the Homestead Steel Works. [1] [2]
But Carnegie agreed with Frick's desire to break the union and "reorganize the whole affair, and ... exact good reasons for employing every man. Far too many men required by Amalgamated rules." [15] Carnegie ordered the Homestead plant to manufacture large amounts of inventory so the plant could weather a strike. He also drafted a notice (which ...
Carnegie agreed to Frick's subsequent proposal that the various plants and assets, including H. C. Frick & Company, be consolidated into a single company. This consolidation occurred on July 1, 1892, with the formation of the Carnegie Steel Company. [5]
Andrew Carnegie (English: / k ɑːr ˈ n ɛ ɡ i / kar-NEG-ee, Scots: [kɑrˈnɛːɡi]; [2] [3] [note 1] November 25, 1835 – August 11, 1919) was a Scottish-American industrialist and philanthropist. Carnegie led the expansion of the American steel industry in the late 19th century and became one of the richest Americans in history. [5]
Thomas' death was a serious blow to Andrew Carnegie's financial interests. Thomas had run most of Andrew's enterprises, and to fill his role Andrew Carnegie turned to Henry Clay Frick as his replacement. [129] Frick later played a critical role in the Homestead Strike and in brokering the deal between Carnegie and J. P. Morgan that created U.S ...
In 1885, Carnegie ousted the AA at the Edgar Thomson works. [23] An organizing drive at the Homestead plant in 1896 was crushed by Frick. In May 1899, 300 Homestead workers successfully formed a lodge, but Frick ordered the Homestead works shut down and the unionization effort collapsed. Carnegie Steel remained nonunionized. [24]