American Fur Company

The American Fur Company was founded by John Jacob Astor in 1808. The company grew to monopolize the fur trade in the United States by 1830, and became one of the largest businesses in the country.

The company was one the first great trusts in American business and one of the first major competitive ventures to challenge British business interests in North America. During the 18th century furs had become a major commodity in Europe and North America become a major supplier. Several British companiess, most notably the Hudson's Bay Company, capitalized on the lucrative trade in furs. When the U.S. gained its independence at the end of the 18th century, it rapidly moved to challenge British business dominance in North America, with the fur trade becoming an especially important issue. Astor's company was able to capitalize on the young nation's anti-British sentiments to take over many formerly British fur-trapping regions and trade routes. It was thus able to expand very rapidly and successfully.

Unfortunately for the company, demand for furs in Europe began to decline during the early 1800s leading to the stagnation of the fur trade by the mid 19th century. Competition among fur suppliers became fierce. The American Fur Company ultimately went out of business in 1842.

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Other articles related to "fur company, fur, american, american fur company, company, furs":

Fontenelle's Post - History
... In 1822 Joshua Pilcher of the Missouri Fur Company built a fur trading post on the west bank of the Missouri River to trade with the local Native American tribes of Omaha, Otoe ... Fur trading in the United States was not regulated by governments, and fur traders competed madly for the lucrative business, enticing the American Indians with various trade ... Pilcher competed with John Jacob Astor's Cabanné's Post of the American Fur Company (AFC) north of Bellevue ...
Kenneth Mc Kenzie (fur Trader)
... Kenneth MacKenzie) (died 26 April 1861) was nicknamed the “King of the Missouri”, for as a fur trader for American Fur Company in the upper Missouri River valley, he controlled a ... He became a clerk for the North West Company, learning the fur business ... his job when his employer was merged into the Hudson's Bay Company, McKenzie traveled to St ...
John Jacob Astor - Biography - Fortune From Fur Trade
... Astor at once made a contract with the Northwest Company of Montreal and Quebec (then the magnate of the Canadian Northwest fur trade) ... He imported furs from Montreal to New York, and shipped them to all parts of Europe ... amassed almost a quarter of a million dollars, and had become one of the leading figures in the fur trade ...
Fur - Controversy
... and killing of wildlife, and the confinement and killing of animals on fur farms ... to Humane Society International, over 8 million animals are trapped yearly for fur, while more than 30 million were raised in fur farms ... According to Statistics Canada, 2.6 million fur-bearing animals raised on farms were killed in 2010 ...
American Fur Company - 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 ... On the frontier, the American Fur Company opened the way for the settlement and economic development of the Midwestern and Western United States ...

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