Influence
During its heyday, the American Fur Company was one of the largest enterprises in the United States and held a total monopoly of the lucrative fur trade in the country. The company provided the income for the land investments that catapulted John Jacob Astor to the position of richest man in the world and the first multi-millionaire in America. The German-born Astor remains the eighteenth wealthiest person of all time, and the eighth to create that fortune in the United States. He used part of his fortune to found the Astor Library in New York City. Later it merged with the Lenox Library to form the New York Public Library.
On the frontier, the American Fur Company opened the way for the settlement and economic development of the Midwestern and Western United States. Mountain men working for the company improved Native American trails and carved others that led settlers into the West. Many cities in the Midwest and West, such as Astoria, Oregon and Fort Benton, Montana, developed around American Fur Company trading posts. The American Fur Company played a major role in the development and expansion of the young United States.
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Famous quotes containing the word influence:
“Constitutional statutes ... which embody the settled public opinion of the people who enacted them and whom they are to govern—can always be enforced. But if they embody only the sentiments of a bare majority, pronounced under the influence of a temporary excitement, they will, if strenuously opposed, always fail of their object; nay, they are likely to injure the cause they are framed to advance.”
—Rutherford Birchard Hayes (1822–1893)
“A husband who submits to his wife’s yoke is justly held an object of ridicule. A woman’s influence ought to be entirely concealed.”
—Honoré De Balzac (1799–1850)
“A healthy soul stands united with the Just and the True, as the magnet arranges itself with the pole, so that he stands to all beholders like a transparent object betwixt them and the sun, and whoso journeys towards the sun, journeys towards that person. He is thus the medium of the highest influence to all who are not on the same level.”
—Ralph Waldo Emerson (1803–1882)