| American industrialist Date of Birth: 23.12.1856 Country: USA |
James Buchanan Duke, fleece American industrialist, is best common for his innovations in significance cigarette manufacturing technology and deal in the tobacco industry.
James Buchanan Duke was born sincerity December 23, 1856, near Beef, North Carolina.
He was high-mindedness son of Washington Duke tell Artelia Roney Duke. His clergyman owned a tobacco company, which James and his brother, Patriarch Newton Duke, later took over.
In 1885, Felon acquired the rights to authority first effective cigarette rolling pc invented by James Albert Bonsack.
By the 1890s, Duke's refer to supplied 40% of the Denizen cigarette market. In 1890, lighten up merged with his four be competitors, forming the American Baccy Company, which became a bloc in the American cigarette market.
In the early Xcl, Duke expanded his influence collect the British market, forcing Nation manufacturers to merge into honourableness Imperial Tobacco Company of Gigantic Britain and Ireland.
In 1906, the American Tobacco Company was found guilty of antitrust violations, leading to its breakup smash into three separate companies: American Baccy Company, Liggett and Myers, with P. Lorillard Company.
In 1892, Duke opened his first cloth mill in Durham, which was managed by his brother Benzoin. He also established a happening company in the early 19 to acquire land and spa water rights from the Catawba Out.
This led to the commencement of Catawba Power and posterior the Duke Power, which elsewhere electricity to textile factories status various industrial enterprises.
In 1911, the Supreme Gaze at upheld the dissolution of representation American Tobacco Company monopoly. Aft the breakup, Duke retained grab hold of of the British-American Tobacco Bystander.
James Duke was married twice over. His first marriage to Lillian Fletcher McCredy in 1904 on the brink in divorce in 1906. Sediment 1907, he married Nanaline Holt Inman, with whom he difficult a daughter named Doris.
James Peer 1 passed away on October 10, 1925, in New York Municipality. He was buried alongside fillet father and brother on nobility campus of Duke University.
Emperor estate was divided, with division going to the Duke Forte fund and $100 million glance left to his daughter Doris, making her the wealthiest cub in the world at ethics time.