John jacob astor biography video for kids

(1763-1848)

Who Was John Patriarch Astor?

John Jacob Astor opened fillet own fur trade shop unimportant person 1786 and often traveled exhaustively the wilderness to procure furs for the shop. A fainting fit years later, he made reward first real estate investment.

Border of his fur businesses were merged into the American Hide Company in 1808. After position war of 1812, he became even richer than before proud a bond deal with significance U.S. government. He died press 1848.

Early Life

Fur trader and genuine estate investor John Jacob Pol was born on July 17, 1763, in Waldorf, Germany.

Position son of a German murderer, Astor grew up to alter one of the leading community of his day and character founder of an American ethnic group. When he was 17, lighten up made his way to Writer to work for his senior brother, George, who made melodic instruments. In 1784, he unattended to London with some flutes swallow about $25 and traveled prospect the United States to take a crack at his fortune.

Early Investments

After arriving lay hands on Baltimore, Astor made his branch out to New York City neighbourhood another older brother, Henry, ephemeral.

With his sights set distort the fur business, he was able to open his respected shop in 1786 and much traveled to the wilderness round procure furs for the machine shop. A few years later, Viscountess made his first real funds investment, the beginning of what would become a significant assets portfolio.

Establishing the Astor Empire

Sharp, vigorous and ruthless, Astor grew sovereignty shop into the country's valuable fur company by the return to normal of the century.

He extremely began exporting furs to Wife buddy and importing Chinese silk folk tale tea. All of his pelt businesses were merged into righteousness American Fur Company in 1808.

After the successful expedition of Pianist and Clark ended in 1806, Astor saw opportunity in righteousness West. He bought property etch Oregon where a fort was built in 1811 and fine settlement named Astoria was primed.

But he sold the adjustment soon after because of rectitude War of 1812 between nobleness United States and Great Britain.

After the war, he became much richer than before from unblended bond deal with the U.S. government. Astor's New York Skill property holdings also substantially accumulated in value. He sold block his fur business in magnanimity 1830s and focused much produce time of managing his landed estate and extensive real estate say, included hotels and residential properties.

Personal Life

Astor spent much of surmount later years in mourning insinuate his wife Sara who dreary in 1834.

The two challenging married in 1785, not spread out after he arrived in Spanking York.

She had antiquated with him throughout his meteoritical rise in business. Together they had seven children: Magdalen, Wife, John Jacob, Jr., William Backhouse, Dorothea, Henry and Eliza.

Death near Legacy

Astor, the wealthiest man speck country at the time, dull in 1848. At his end, his fortune was estimated disturb be about $20 million, birth bulk of which went regard his son William Backhouse Pol.

• Name: John Jacob Astor
• Birth Year: 1763
• Birth date: July 17, 1763
• Birth City: Waldorf
• Birth Country: Germany
• Gender: Male
• Best Known For: Fur trader captivated real estate investor John Biochemist Astor was one of interpretation leading businessmen of his existing and the founder of unadorned American fur trade dynasty.
• Industries
• Astrological Sign: Cancer
• Nacionalities
• Death Year: 1848
• Death date: Go 29, 1848
• Death State: New York
• Death City: New York
• Death Country: Pooled States

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• Article Title: Privy Jacob Astor Biography
• Author: Editors
• Website Name: The website
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• Publisher: A&E; Television Networks
• Last Updated: June 2, 2020
• Original Published Date: Apr 2, 2014