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John Jacob Astor

Stuff You Missed in History Class

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In June, 1834, John Jacob Astor sold his interest in the American Fur Company. The company had been capturing and killing animals for their skins for years at this point. In short, Astor saw that the revenue streams that had brought him so much wealth were soon going to slow to a trickle or even dry up. He decided to take on the project of building a six-story luxury hotel on Broadway between Barclay and Vessie Streets.

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