Career
Cabot founded Godfrey L. Cabot, Inc. and its successor, Cabot Corporation, in 1882. It became an industrial empire which included carbon black plants and tens of thousands of acres of land rich in gas, oil, and other minerals; 1,000 miles (1,600 km) of pipeline; seven corporations with worldwide operations; three facilities for converting natural gas into gasoline; and a number of research laboratories.
By 1890, Cabot Corporation, had become America's fourth largest producer of carbon black, which was used in products, such as inks, shoe polishes, and paints. But with the subsequent advent and popularity of cars, carbon black became in much greater demand as six pounds of it was required in the production of a single tire, and Cabot's incomes soared.
Read more about this topic: Godfrey Lowell Cabot
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