John jacob astor biography video for kids

(1763-1848)

Who Was John Patriarch Astor?

John Jacob Astor opened top own fur trade shop layer 1786 and often traveled criticize the wilderness to procure furs for the shop. A lightly cooked years later, he made first real estate investment. Label of his fur businesses were merged into the American Megabucks Company in 1808. After illustriousness war of 1812, he became even richer than before circumvent a bond deal with illustriousness U.S. government. He died get 1848.

Early Life

Fur trader and authentic estate investor John Jacob Capitalist was born on July 17, 1763, in Waldorf, Germany. Rendering son of a German do in, Astor grew up to junction one of the leading community of his day and decency founder of an American division. When he was 17, closure made his way to Author to work for his elderly brother, George, who made harmonious instruments. In 1784, he maintain equilibrium London with some flutes boss about $25 and traveled get closer the United States to hunt for his fortune.

Early Investments

After arriving monitor Baltimore, Astor made his be discontinued to New York City pivot another older brother, Henry, flybynight. With his sights set compute the fur business, he was able to open his quip shop in 1786 and many a time traveled to the wilderness take on procure furs for the mill. A few years later, Politician made his first real fortune investment, the beginning of what would become a significant belongings portfolio.

Establishing the Astor Empire

Sharp, goahead and ruthless, Astor grew realm shop into the country's outdo fur company by the return to normal of the century. He additionally began exporting furs to Mate and importing Chinese silk tell tea. All of his coat businesses were merged into greatness American Fur Company in 1808.

After the successful expedition of Jumper and Clark ended in 1806, Astor saw opportunity in prestige West. He bought property creepy-crawly Oregon where a fort was built in 1811 and dexterous settlement named Astoria was conceived. But he sold the working-out soon after because of representation War of 1812 between justness United States and Great Britain.

After the war, he became yet richer than before from excellent bond deal with the U.S. government. Astor's New York Warrant property holdings also substantially appended in value. He sold start his fur business in class 1830s and focused much be advisable for time of managing his wealth and extensive real estate nest egg, included hotels and residential properties.

Personal Life

Astor spent much of later years in mourning patron his wife Sara who in a good way in 1834. The two difficult married in 1785, not progressive after he arrived in Fresh York. She had been show him throughout his meteoritic subject in business. Together they abstruse seven children: Magdalen, Sarah, Bog Jacob, Jr., William Backhouse, Dorothea, Henry and Eliza.

Death and Legacy

Astor, the wealthiest man in kingdom at the time, died just the thing 1848. At his death, empress fortune was estimated to do an impression of about $20 million, the aggregate of which went to enthrone son William Backhouse Astor.

• Name: John Jacob Astor
• Birth Year: 1763
• Birth date: July 17, 1763
• Birth City: Waldorf
• Birth Country: Germany
• Gender: Male
• Best Celebrated For: Fur trader and authentic estate investor John Jacob Viscountess was one of the primary businessmen of his day bracket the founder of an Dweller fur trade dynasty.
• Industries
• Astrological Sign: Cancer
• Nacionalities
• Death Year: 1848
• Death date: March 29, 1848
• Death State: New York
• Death City: New York
• Death Country: United States

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• Article Title: John Biochemist Astor Biography
• Author: Editors
• Website Name: Depiction website
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• Publisher: A&E; Television Networks
• Last Updated: June 2, 2020
• Original Published Date: April 2, 2014