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American mining magnate and philanthropist
- Daniel Guggenheim (July 9, 1856 – September 28, 1930) was an American mining magnate and philanthropist, and a son of Meyer and Barbara Guggenheim. By 1910 he directed the world's most important group of mining interests. He was forced out in 1922 and retired to philanthropy to promote aviation.
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Daniel Guggenheim (July 9, 1856 – September 28, 1930) was an American mining magnate and philanthropist, and a son of Meyer and Barbara Guggenheim. By 1910 he directed the world's most important group of mining interests. He was forced out in 1922 and retired to philanthropy to promote aviation.
Sep 23, 2024 · Daniel Guggenheim (born July 9, 1856, Philadelphia, Pa., U.S.—died Sept. 28, 1930, Port Washington, N.Y.) was an American industrialist and philanthropist who oversaw the expansion of his family’s vast mining empire in the early 20th century.
The Guggenheim family (/ ˈɡʊɡənhaɪm / GUUG-ən-hyme) is an American-Jewish family known for making their fortune in the mining industry, in the early 20th century, especially in the United States and South America.
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Daniel Guggenheim was one of America's most powerful business leaders as well as one of the richest men in the world. His fame and fortune stemmed from the key role he played in exploiting the earth's mineral resources and making them available almost exclusively to the United States. Although he subscribed to a style of management that was often h...
Daniel Guggenheim was born in Philadelphia, Pennsylvania, on July 9, 1856. He was the second of seven sons born to Meyer and Barbara (Myers) Guggenheim, who had emigrated to the United Statesfrom Switzerland in 1847. Meyer Guggenheim had an enormous influence on his son's life. Poor but ambitious, he worked a number of different jobs to support his...
Guggenheim was not a particularly good student at the Catholic high school he attended in Philadelphia. Even then, he was focused on practical matters and making money. At the age of 17, he was sent by his father to Switzerland to perfect his German languageskills, study the manufacture of Swiss lace and the embroidery business, and serve as a buye...
Guggenheim spent most of his life doing whatever was necessary to acquire vast sums of money and forge a dynasty that would outlive him. ASARCO did indeed become the largest industry of its type in the world. But the profits he extracted from that venture might be considered obscene by current standards, and his careless treatment of his workers an...
Daniel Guggenheim became a leading figure in the copper industry of the United States and Mexico and pushed for development of gold mines in Alaska, rubber plantations in Africa, tin mines in Bolivia, and nitrate deposits in Chile.
Guggenheim emerged victorious and took control of ASARCO in 1900. Guggenheim bought copper mines and gold fields in Chile, tin mines in Bolivia, and a rubber plantation and diamond mines in the Congo and Angola. Guggenheim became the nation’s most successful miner.
Miner. Daniel Guggenheim. 1856 — 1930. Born and raised in Philadelphia, Daniel Guggenheim was sent to Switzerland as a young man to study the Swiss lace and embroidery business, and to serve as a buyer for his father's import firm.
