A lengthy description based on documents, diaries, etc. Congress passed a protectionist law that barred foreign fur traders from U. Inhe bought a acre farm that ran west of Broadway to the Hudson River between 42nd and 46th streets.
He financed the overland Astor Expedition in —12 to reach the outpost.
Inhe joined the opium-smuggling trade. His American Fur Company purchased ten tons of Turkish opium, then shipped the contraband item to Canton on the packet ship Macedonian. Astor later left the China opium trade and sold solely to the United Kingdom. He later formed subsidiaries: Astor rarely built on his land, but leased it to others for rent and their use.
His intent was to join his brother Henry, who had established a butcher shop there,    [ citation needed ] but a chance meeting with a fur trader on his voyage inspired him to join the North American fur trade as well. Astor imported furs from Montreal to New York and shipped them to Europe.
He supported the ornithologist John James Audubon in his studies, art work, and travels, and the presidential campaign of Henry Clay. After the start of the 19th century, flush with China trade profits, he became more systematic, ambitious, and calculating by investing in New York real estate.
Infollowing the example of the Empress of Chinathe first American trading vessel to ChinaAstor traded furs, teas, and sandalwood with Canton in China, and greatly benefited from it. His agents worked throughout the western areas and were ruthless in competition. His three elder brothers were George, Henry, and Melchior.
Astor withdrew from the American Fur Company, as well as all his other ventures, and used the money to buy and develop large tracts of Manhattan real estate. Members of the expedition were to discover South Passthrough which hundreds of thousands of settlers on the OregonMormonand California trails passed through the Rocky Mountains.
That same year, and the following year, he bought considerable holdings from the disgraced Aaron Burr. InAstor established the Robert Stuart House on Mackinac Island as headquarters for the reorganized American Fur Company, making the island a metropolis of the fur trade.
After retiring from his business, Astor spent the rest of his life as a patron of culture.View the profiles of professionals named John Jacob on LinkedIn.
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