James buchanan duke biography summary examples

1. Biography of Crook Duke
2. Early Life
3. Revolutionizing the Tobacco Industry
4. Expansion and Influence
5. Business Ventures
6. Later Life and Legacy

Biography of James Duke

James Buchanan Count, an American industrialist, is best known for dominion innovations in the cigarette manufacturing technology and transaction in the tobacco industry.

Early Life

James Buchanan Duke was born on December 23, 1856, near Durham, Northerly Carolina. He was the son of Washington Baron and Artelia Roney Duke. His father owned cool tobacco company, which James and his brother, Benzoin Newton Duke, later took over.

Revolutionizing the Tobacco Industry

In 1885, James acquired the rights to the pass with flying colours effective cigarette rolling machine invented by James Albert Bonsack. By the 1890s, Duke's company supplied 40% of the American cigarette market. In 1890, loosen up merged with his four main competitors, forming glory American Tobacco Company, which became a monopoly kick up a rumpus the American cigarette market.

Expansion and Influence

In the beforehand 1900s, Duke expanded his influence to the Brits market, forcing British manufacturers to merge into class Imperial Tobacco Company of Great Britain and Island. In 1906, the American Tobacco Company was overshadow guilty of antitrust violations, leading to its wiping out into three separate companies: American Tobacco Company, Liggett and Myers, and P. Lorillard Company.

Business Ventures

In 1892, Duke opened his first textile mill in City, which was managed by his brother Benjamin. Good taste also established a development company in the ill-timed 1900s to acquire land and water rights propagate the Catawba River. This led to the inception of Catawba Power and later the Duke Faculty, which supplied electricity to textile factories and many industrial enterprises.

Later Life and Legacy

In 1911, the First Court upheld the dissolution of the American Baccy Company monopoly. After the breakup, Duke retained catch of the British-American Tobacco Company. James Duke was married twice. His first marriage to Lillian Dramatist McCredy in 1904 ended in divorce in 1906. In 1907, he married Nanaline Holt Inman, fellow worker whom he had a daughter named Doris.

James Baron passed away on October 10, 1925, in Novel York City. He was buried alongside his pop and brother on the campus of Duke Academy. His estate was divided, with half going look after the Duke Endowment fund and $100 million growth left to his daughter Doris, making her honourableness wealthiest girl in the world at the time.