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John Jacob Astor
Stuff You Missed in History Class
The First Bond Syndicate in the United States
The Pacific Fur Company was founded in 1811 by John Jacob Astor. The company wanted to get fur from Montreal to China via New York. During the War of 1812, Astor's trading network was captured by the British. He bought a lot of skins very cheap from trappers in the Northwest who were eager to get out of the business and out of the area as hostilities ramped up.
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