In which industry did John Jacob Astor IV make most of his fortune?
Automobile manufacturing
Railroads
Real estate
Steel industry
Answer
The Astor fortune primarily stemmed from shrewd investments in New York City real estate throughout the 19th century. John Jacob Astor IV inherited and expanded upon this wealth, becoming one of the wealthiest men in America. The family's strategic acquisitions of land, especially in Manhattan, generated substantial profits as the city grew and prospered.
The Astounding Astor: A Quiz on the Life of John Jacob Astor IV
More Questions
Was John Jacob Astor IV considered a successful businessman?
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