Printer Friendly
Dictionary, Encyclopedia and Thesaurus - The Free Dictionary
3,900,216,350 visitors served.
forum Join the Word of the Day Mailing List For webmasters
?
Dictionary/
thesaurus
Medical
dictionary
Legal
dictionary
Financial
dictionary
Acronyms
 
Idioms
Encyclopedia
Wikipedia
encyclopedia
?

Frick, Henry Clay

    0.01 sec.
Frick, Henry Clay, 1849–1919, American industrialist, b. Westmoreland co., Pa. He worked on his father's farm, was a store clerk, and did bookkeeping before he and several associates organized (1871) Frick & Company to operate coke ovens in the Connellsville coal district. He strengthened his position by buying out competitors during the Panic of 1873 and soon held a key place in the industry.

Andrew Carnegie Carnegie, Andrew , 1835–1919, American industrialist and philanthropist, b. Dunfermline, Scotland. His father, a weaver, found it increasingly difficult to get work in Scottish factories and in 1848 brought his family to Allegheny (now Pittsburgh), Pa.
..... Click the link for more information.
, in order to control a business so vital to steelmaking, acquired heavy interests in Frick's organization. Frick, in turn, was given large holdings in the Carnegie company, and because of his managerial ability, he was made (1889) chairman of the steel company. He played a key role in the organization (1892) of the Carnegie Steel Company, and as its acting head Frick engineered a large expansion of the company by buying out competing companies and acquiring many holdings in railroad securities and in Lake Superior iron ore lands. Frick, frequently over Carnegie's protest, dealt in strong-handed fashion with the company's workers, and his adamant stand resulted in a pitched battle in the strike (1892) at Homestead, Pa.—one of the bitterest strikes in U.S. history (see Homestead strike Homestead strike, in U.S. history, a bitterly fought labor dispute. On June 29, 1892, workers belonging to the Amalgamated Association of Iron and Steel Workers struck the Carnegie Steel Company at Homestead, Pa. to protest a proposed wage cut. Henry C.
..... Click the link for more information.
). He was largely responsible for the antiunion policy that characterized the steel industry for many decades.

Disputes between Frick and Carnegie led to a struggle between them for control, and in 1899 Frick resigned. He became a director of the U.S. Steel Corp. and turned to other interests, chiefly railroads. His mansion in New York City, together with his art collection and endowment of $15 million, was willed to the public as a museum. Princeton Univ. and the city of Pittsburgh also benefited from his philanthropies.

Bibliography

See biography by G. B. M. Harvey (1928).


Frick, Henry Clay

(born , Dec. 19, 1849, West Overton, Pa., U.S.—died Dec. 2, 1919, New York, N.Y.) U.S. industrialist. He began building and operating coke ovens in 1870 and organized his own company in 1871. From 1889 he served as chairman of Carnegie Steel Co., the world's largest manufacturer of steel and coke. His role in the violent steel strike of 1892 in Homestead, Pa., provoked an anarchist to shoot and stab him, but he survived. He was instrumental in the formation of the U.S. Steel Corp. in 1901. A noted art collector and philanthropist, he bequeathed the Frick Collection to New York City. See also Andrew Carnegie.



Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content.
?Page tools
Printer friendly
Cite / link
Feedback
Mentioned in?   Encyclopedia browser?   Full browser?
No references found
 
 
 
Encyclopedia
?

Terms of Use | Privacy policy | Feedback | Advertise with Us | Copyright © 2012 Farlex, Inc.
Disclaimer
All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional.