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'''George Peabody''' ([[February 18]] [[1795]] – [[November 4]] [[1869]]) was an [[entrepreneur]] and [[philanthropy|philanthropist]] who founded the [[Peabody Institute]]. He was born in what was then [[Danvers, Massachusetts]] (now [[Peabody, Massachusetts]]), to a middle class family. His birthplace at 205 Washington Street in Peabody is now the [[George Peabody House Museum]] ([http://www.georgepeabodyhousemuseum.org]), a museum dedicated to preserving his life and legacy. One of George Peabody's longtime business associates and friends was the renowned banker and art patron, [[William Wilson Corcoran]].
'''George Peabody''' ([[February 18]] [[1795]] – [[November 4]] [[1869]]) was an [[entrepreneur]] and [[philanthropy|philanthropist]] who founded the [[Peabody Institute]]. He was born in what was then [[Danvers, Massachusetts]] (now [[Peabody, Massachusetts]]), to a middle class family. His birthplace at 205 Washington Street in Peabody is now the [[George Peabody House Museum]] ([http://www.georgepeabodyhousemuseum.org]), a museum dedicated to preserving his life and legacy. One of George Peabody's longtime business associates and friends was the renowned banker and art patron, [[William Wilson Corcoran]].
In 1851 he founded [[George Peabody and Company]] to meet the increasing
In 1851 he founded [[George Peabody and Company]] to meet the increasing
demand for [[securities]] issued by the [[Timeline of United States railway history|American railroads]] and three years later went into partnership with [[Junius Spencer Morgan]] (father of [[J. P. Morgan]]) to form [[Peabody, Morgan and Co.]], where the two financiers worked together until Peabody’s retirement in 1864. On his retirement, the firm was renamed [[J. S. Morgan & Co]]. The former UK [[merchant bank]] [[Morgan Grenfell]] (now part of [[Deutsche Bank]]), international [[universal bank]] [[JPMorgan Chase]] and [[investment bank]] [[Morgan Stanley]] can all trace their roots to Peabody's bank. (Chernow: ''The House of Morgan'')
demand for [[securities]] issued by the [[Timeline of United States railway history|American railroads]] and three years later went into partnership with [[Junius Spencer Morgan]] (father of [[J. P. Morgan]]) to form [[Peabody, Morgan and Co.]], where the two financiers worked together until Peabody’s retirement in 1864. On his retirement, the firm was renamed [[J. S. Morgan & Co]]. The former UK [[merchant bank]] [[Morgan Grenfell]] (now part of [[Deutsche Bank]]), international [[universal bank]] [[JPMorgan Chase]] and [[investment bank]] [[Morgan Stanley]] can all trace their roots to Peabody's bank. (Chernow: ''The House of Morgan'')
In 1862 in London, Peabody established the Peabody Donation Fund, which continues to this day, as the [[Peabody Trust]], to provide good quality housing "for the deserving poor" in London. The first dwellings opened by the Peabody Trust for the "artisans and labouring poor of London" were opened in Commercial Street, [[Whitechapel]] in February [[1864]]. They were designed by the architect [[H.A. Darbishire]] in an attractively ornate style, a break from the convention of [[Gothic]] that private clients came to require of him.
In 1862 in London, Peabody established the Peabody Donation Fund, which continues to this day, as the [[Peabody Trust]], to provide good quality housing "for the deserving poor" in London. The first dwellings opened by the Peabody Trust for the "artisans and labouring poor of London" were opened in Commercial Street, [[Whitechapel]] in February [[1864]]. They were designed by the architect [[H.A. Darbishire]] in an attractively ornate style, a break from the convention of [[Gothic]] that private clients came to require of him.
George Peabody is known to have provided benefactions of more than $8 million, most of them in his own lifetime. Among the list are included:
George Peabody is known to have provided benefactions of more than $8 million, most of them in his own lifetime. Among the list are included:
:1852 The Peabody Institute (now the [http://www.peabodylibrary.org/history/library.html| Peabody Institute Library]), Peabody, Mass: $217,000
:1852 The Peabody Institute (now the [http://www.peabodylibrary.org/history/library.html| Peabody Institute Library]), Peabody, Mass: $217,000
:1856 The Peabody Institute, Danvers, Mass (now the [http://www.danverslibrary.org/administration/pilhistlong2.html| Peabody Institute Library of Danvers]): $100,000
:1856 The Peabody Institute, Danvers, Mass (now the [http://www.danverslibrary.org/administration/pilhistlong2.html| Peabody Institute Library of Danvers]): $100,000
The town of South Danvers, Massachusetts changed its name to The City of [[Peabody, Massachusetts]] in honor of its favorite son. Peabody is a member of the [[Hall of Fame for Great Americans]] located at the [[Bronx Community College]], at the former site of [[New York University]] (NYU).
The town of South Danvers, Massachusetts changed its name to The City of [[Peabody, Massachusetts]] in honor of its favorite son. Peabody is a member of the [[Hall of Fame for Great Americans]] located at the [[Bronx Community College]], at the former site of [[New York University]] (NYU).
[[Category: General Reference]]
[[Category: General Reference]]
[[Category; Education]]
[[Category; Education]]
