Trade from which John Jacob Astor made his fortune NYT Crossword Clue Answer on July 11, 2024

Trade from which John Jacob Astor made his fortune NYT Crossword Clue Answer

Let’s find the answers to Trade from which John Jacob Astor made his fortune NYT for the July 11, 2024 edition of NYT crossword puzzle.

Hints

• Answer Contains 3 letters.
• Start with F and end with R.
• Possible solutions are FOR,FAR,FUR.

Answer

The answer to the Trade from which John Jacob Astor made his fortune NYT crossword clue is "FUR."

The question "Trade from which John Jacob Astor made his fortune" refers to the fur trade, a lucrative business during the early 19th century in North America. John Jacob Astor, a prominent American businessman and investor, established himself as one of the wealthiest individuals in the United States primarily through his involvement in the fur trade. Astor capitalized on the demand for furs, particularly beaver pelts, which were highly sought after in Europe for the production of fashionable hats.

The answer "FUR" succinctly identifies the commodity that Astor traded in to build his fortune. Astor's strategic investments in fur trading posts, particularly in the American Midwest and Pacific Northwest, allowed him to amass considerable wealth and influence. His ventures laid the foundation for the American fur trade industry, contributing significantly to the economic development of early America and shaping the country's expansion into the western territories.