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John Jacob Astor (born Johann Jakob Astor; July 17, 1763 – March 29, 1848) was a German-born American businessman, merchant, real estate mogul, and investor.Astor made his fortune mainly in a fur trade monopoly, by exporting opium into the Chinese Empire (Manchu China), and by investing in real estate in or around New York City.
By 1830, the AFC had nearly complete control of the fur trade in the United States. The company's time at the top of America's business world was short-lived. Sensing the eventual decline of fur's popularity in fashion, John Jacob Astor withdrew from the company in 1834. The company split into smaller entities like the Pacific Fur Company.
The Pacific Fur Company (PFC) was an American fur trade venture wholly owned and funded by John Jacob Astor that functioned from 1810 to 1813. It was based in the Pacific Northwest, an area contested over the decades among the United Kingdom of Great Britain and Ireland, the Spanish Empire, the United States of America and the Russian Empire.
Fort Astoria (also named Fort George) was the primary fur trading post of John Jacob Astor's Pacific Fur Company (PFC). A maritime contingent of PFC staff was sent on board the Tonquin, while another party traveled overland from St. Louis. This land based group later became known as the Astor Expedition.
In 1816, however, a new U.S. Law blocked foreign participation in the fur trade within the Louisiana Territory, greatly limiting British and Canadian firms' roles in the Mississippi River trade. John Jacob Astor's American Fur Company took advantage of the law by opening a post in Prairie du Chien in 1817, and it soon became the dominant ...
Wilson Price Hunt (March 20, 1783 – April 13, 1842) was an early pioneer and explorer of the Oregon Country in the Pacific Northwest of North America.Employed as an agent in the fur trade under John Jacob Astor, Hunt organized and led the greater part of a group of about 60 men on an overland expedition to establish a fur trading outpost at the mouth of the Columbia River.
A gold watch worn by John Jacob Astor IV, a member of the wealthy Astor family and the richest man aboard the Titanic, sold for a record-breaking £1.175 million ($1.485 million) at auction on ...
Tonquin was sold for $37,860 (equivalent to $738,000 in 2023) to German-American businessman John Jacob Astor on 23 August 1810. [15] Astor purchased the vessel to spearhead his plans for gaining a foothold in the ongoing maritime fur trade on the Pacific Northwest Coast of North America. [16]