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4min chapter
John Jacob Astor
Stuff You Missed in History Class
The J Treaty of 1794 and John Jacob Astor
When the J Treaty of 1794 was signed, it opened up new options for Astor in terms of scale. As he expanded his business in this way, Astor also started to diversify his revenue streams. The American Fur Company is often cited as the first business monopoly in the United States.
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