Henry steel. However, the lack of compensation and the

Henry Clay Frick was an industrialist and financier in the Carnegie Steel Company. His business practices began at age 21, when he started a coke company with two of his cousins. This company grew to produce 80% of the coal in Pennsylvania, attracting the attention of the Carnegie brothers. They quickly formed a partnership, and Frick quickly climbed through the ranks of Carnegie Steel Company. At a point he was named one of the leading United States financiers by the New York Times. Frick was trusted by Carnegie above all of his other company staff, thus influencing Carnegie’s decision to allow him to manage the affairs of Carnegie Steel. This business at which Frick worked was so massive that it out produced the whole of the British Empire in steel. However, the lack of compensation and the unequal distribution of wages upon workers, as “unskilled laborers… got from five to ten times as much as skilled mechanics, began to sow resentment throughout the workers. Though they had been rising for quite some time, the agitation final came to a boiling point among the workers in 1892, after the chairman, William Abbott, and Carnegie approved a 25% reduction in wages. At this point his employees (primarily of Hungarian or other eastern European descent) insisted upon wage increases of upwards of 20%. Carnegie advised his friend to turn the conundrum over to an arbitrator or other mediator, a suggestion to which Frick complied. He offered a compromise with the disgruntled laborers at a 10% increase to their wages, but despite his effort for easement of the escalating atmosphere the labor union, the Amalgamated Association of Iron and Steel Workers, refused the offer and began a strike. The nation’s other steel producers accused Mr. Frick of his inability to deal with his workers firmly, especially as Frick was unable to even guarantee the shipping of the coke, the sustenance of his industry. Many of these other producers warned that should Frick concede with the wages, he might ruin the entire industries’ profits.