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George Peabody (February 18, 1795 – November 4, 1869) was an American financier and philanthropist. He is often considered the father of modern philanthropy . Born into a poor family in Massachusetts, Peabody went into business in dry goods and later into banking.
- Thomas Peabody and Judith Dodge
- November 4, 1869 (aged 74), No. 80 Eaton Square, London, England
- February 18, 1795, Danvers, Massachusetts, U.S.
Apr 1, 2024 · George Peabody (born Feb. 18, 1795, South Danvers [now Peabody], Mass., U.S.—died Nov. 4, 1869, London, Eng.) was an American-born merchant and financier whose banking operations in England helped establish U.S. credit abroad. When his brother’s Newburyport, Mass., dry goods store burned down in 1811, Peabody went to Georgetown in ...
Mar 16, 2018 · By Eli Meixler. Updated: March 16, 2018 1:03 PM [ET] | Originally published: March 16, 2018 4:52 AM EDT; P hilanthropist George Peabody was a banker and patron of education initiatives whose...
- 1 min
- Eli Meixler
George Peabody (February 18, 1795 – November 4, 1869) was an American entrepreneur, financier and philanthropist. Coming from a lower-middle class family and with little formal education, he partnered in building a successful dry goods business in the United States, and moved into banking and finance. His confidence in the long-term growth of ...
Though considered somewhat miserly to employees and even relatives, George Peabody was a generous donor to public causes and charities. His title of the father of modern philanthropy is because he gave away nearly all of his fortune during his lifetime, a practice that has been continued by philanthropists like Andrew Carnegie, John D ...
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George Peabody is often referred to as the “father of modern philanthropy.” He was almost certainly the first American who was known first and foremost for his charitable giving. Before he turned to philanthropy, Peabody was a merchant banker—indeed, he created one of the most important American banks of the 19th century.
Jun 11, 2018 · George Peabody. George Peabody (1795-1869), American merchant, financier, and philanthropist, amassed a fortune during his business career. He began as a merchant and ended as a banker and dealer in American securities in England.
