Henry Clay Frick

(noun)

An American industrialist and financier who was chairman of U.S. Steel during the Homestead Strike of 1892. He is widely vilified for his ruthlessness and lack of business ethics.

Related Terms

Examples of Henry Clay Frick in the following topics:

  • The Homestead Strike

    • Andrew Carnegie, owner of Carnegie Steel, placed industrialist Henry Clay Frick in charge of his company's operations in 1881.
    • Frick announced on April 30, 1892, that he would bargain for 29 more days.
    • Frick placed ads for replacement workers in newspapers as far away as Boston, St.
    • Frick, too, needed a way out of the strike.
    • Frick survived and continued his role.

  • The Role of the Government

    • Congressman Henry Clay was the primary advocate of this system, which had an explicitly federalist agenda; Clay was supported by the Whig party, and opposed by Jeffersonian Republicans.
    • Henry Clay says "Walk in and see the new improved grand original American System!
    • Henry Clay was a lawyer, politician, and skilled orator who represented Kentucky separately in both the Senate and in the House of Representatives.

  • The Election of 1840

    • In the wake of the Panic of 1837, William Henry Harrison won the Election of 1840 with his "log cabin campaign" appeal to ordinary people.
    • The three leading candidates were William Henry Harrison, a war hero and the most successful of Van Buren's opponents in the 1836 election; Winfield Scott, another general and a hero of the War of 1812 who was active in skirmishes with the British in 1837 and 1838; and Henry Clay, the Whigs' congressional leader and former Speaker of the House.
    • Clay led on the first ballot, but circumstances conspired to deny him the nomination.
    • Harrison had managed to distance himself from the losses, but Clay, as the party's philosophical leader, could not.
    • After being turned down by several Southern Clay supporters, the convention finally found a Southern nominee who had faithfully supported Clay throughout the convention who was willing to run: former Senator John Tyler of Virginia.

  • Madison and the Pressure for War

    • The primary leaders of the group were Speaker of the House Henry Clay of Kentucky and John C.
    • A portrait of Henry Clay, the leader of the war hawks' western faction, painted after the War of 1812.

  • The Election of 1824

    • A third candidate, Henry Clay, the speaker of the House of Representatives, hailed from Kentucky and represented the western states.
    • Adams won 84, Crawford 41, and Clay 37.
    • House Speaker Clay did not want to see his rival, Jackson, become president and therefore worked within the House to secure the presidency for Adams, convincing many to cast their vote for the New Englander.
    • Once in office, Adams elevated Henry Clay to the post of secretary of state.
    • Jackson and his followers accused Adams and Clay of striking a corrupt bargain.

  • Economic Nationalism

    • As later defined by Senator Henry Clay, who became known as the "Father of the American System," the American System unified the nation north to south, east to west, and city to farmer.
    • The name "American System" was coined by Henry Clay of the Whig Party to distinguish the school of thought from the competing theory of economics at the time, the British System, represented by Adam Smith in his work An Inquiry into the Nature and Causes of the Wealth of Nations.
    • Henry Clay is considered the Father of the American System of economics.

  • Carnegie and the Steel Industry

    • Sir Henry Bessemer had invented the furnace which allowed the high carbon content of pig iron to be burnt away in a controlled and rapid way.
    • Edgar Thomson Steel Works, (named for John Edgar Thomson, Carnegie's former boss and president of the Pennsylvania Railroad), Pittsburgh Bessemer Steel Works, the Lucy Furnaces, the Union Iron Mills, the Union Mill (Wilson, Walker & County), the Keystone Bridge Works, the Hartman Steel Works, the Frick Coke Company, and the Scotia ore mines.

  • The Bank War and Economic Boom

    • With the Bank charter due to expire in 1836, the president of the Bank, Nicholas Biddle, in alliance with the National Republicans under Senators Henry Clay (KY) and Daniel Webster (MA), decided to make rechartering a referendum on the legitimacy of the institution in the general election of 1832.
    • The Jacksonians successfully mobilized both their "hard money" and "paper money" factions in the anti-Bank campaign, allowing Jackson to score an overwhelming victory against Henry Clay.

  • The Transfer of Power between the Federalists and the Republicans

    • In 1824-1828, as the Second Party System emerged, the Republican Party split into the Jacksonian faction, which became the modern Democratic Party in the 1830s, and the Henry Clay faction, which was absorbed by Clay's Whig Party.
    • An intense debate on ratification pitted the Federalists (who supported the Constitution and were led by Madison and Hamilton) against the Anti-Federalists (who opposed the new Constitution and was loosely led by Patrick Henry).
    • Following ratification of the Constitution, the term Federalist Party referred to a somewhat different coalition of supporters of the Constitution that in 1787-1788 that combined entirely new elements, and even gained a few former opponents of the Constitution (such as Patrick Henry).

  • The Politics of Expansion

    • The concept of Manifest Destiny, the belief that the United States was destined to expand across the continent, was primarily used by Democrats to support the expansion plans of the Polk Administration, and the idea of expansion was also supported by the Whigs like Henry Clay, Daniel Webster, and Abraham Lincoln who wanted to deepen the economy.