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John Jacob Astor fed a growing international addiction—and helped fuel a America's First Multimillionaire Got Rich Smuggling Opium When business legend John Jacob Astor died in , he was hailed as a titan of trade and Astor's enormous fortune was made in part by sneaking opium into China.
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- John Jacob Astor IV - Wikipedia
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- John Jacob Astor: America's First Multimillionaire
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John Jacob Astor IV - Wikipedia
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Never in Man's Shadow. Grand Sachem Of New York. The Bear Of Wall Street. Founder of Pan Am and Commercial Aviation. First in War First in Peace. How to write a great review.
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You submitted the following rating and review. We'll publish them on our site once we've reviewed them. Item s unavailable for purchase. His frenzied speculations left him at the mercy of his biggest blue-chip investors, and they drove him from the G. He tried for a second act as a stock speculator, but was ruined in the crash. Again, he started over, finding some poignantly modest success late in life as manager of a bowling alley in Flint, Mich. Durant's story is told with a confidence and passion that fully compensates for the occasional awkward phrasing and confusing chronology.
Besides bringing the forgotten Durant to life, Mr. Madsen transforms familiar brands into real people, providing human faces for the proper nouns that Detroit has hardwired into our brains: E-Book Information about e-books: E-books have DRM protection on them, which means only the person who purchases and downloads the e-book can access it. E-books are non-returnable and non-refundable. Added to Your Shopping Cart. Description On The Deal Maker: Durant Made General Motors: The Life and Times of Barbara Stanwyck: A Woman of Her Own: Takes the reader behind the coromandel veneers of Chanel's life.
It's not an easy task. And it is exceptionally readable. Readers are well advised to take the plunge. Durant Made General Motors Wiley. He lives in Los Angeles. Permissions Request permission to reuse content from this site. Table of contents Reviews Acknowledgments. Flutes and Miss Todd. Rounding Out the Century. The Good Ship Enterprise. This Land Is My Land. Richest Man in America. Fur trader, slumlord, war profiteer, opium dealer, liquor salesman. That's the rap on the first of America's legendary business titans, John Jacob Astor.
The biography, John Jacob Astor: America's First Multimillionaire by Axel Madsen, records how in , he arrived in America after an unusually long crossing of the Atlantic: He was at sea for 4 months. According to Axel Madsen who has written 15 biographies on famous figures, such as Joe Kennedy and Gloria Swanson , Astor embodied the American Dream His desire to reinvent himself propelled him to levels of financial success few could attain.
By all historical accounts the vast majority supplied by the New York Public Library archives , Astor was ruthless and stingy, but he had a flair for business.
Sounds like a viable strategy. And he had an uncanny ability for high-tailing it out of a business before it went bust. A poor German immigrant, Astor made his way to New York and rapidly stamped his mark on an economy that was taking off. He seemingly glided from the fur trade, bolstered by selling liquor to the Indians, to shipping opium to China, to Manhattan real estate his greatest coup.
He is described as a slum lord. Fairly unsavory stuff, but worth a fortune. Money was his passion, and that's all that mattered to him. He understood the impermanence of success and understood the volatility of the markets and how to anticipate change. Worthy instincts, even today. The fascinating thing about Astor is that, regardless of how one feels about his business practices, he was one of the first businessmen to imagine the world as a global economy.
John Jacob Astor: America's First Multimillionaire
He went for it with gusto. To get a snapshot of how rich he was in his heyday, the author gives us this fine example: Her wealth allowed him to quit hawking bread on the streets of lower Manhattan, his first job in this country. His work schedule is admirable, given the hours many of today's workers put in. He would have breakfast at 9a. Astor offers a historical insight into a vibrant, growing American economy, as well as a glimpse of a man who made the most of his time here.