merchant, financier, philanthropist, philanthropist.
Born in the city of Denver (since 1868, Peabody), Essex County,
Massachusetts, in a family of poor but respected parents. His
ancestors were English colonists who emigrated to New England in the
first half of the seventeenth century. After
graduating from the Denver School, Peabody worked as a grocer's
assistant for four years, then spent one year with his grandfather
in Vermont. At
the age of 16, he and his brother David began trading in manufactory
in Newburyport. After
the fire destroyed his warehouse, Peabody served for two years with
his uncle John, an industrialist in Georgetown near Washington. When
the war began with England in 1812, Peabody volunteered for the
the war, he again began to engage in trade in manufacturing in
partnership with Elisha Riggs: Riggs provided capital, and Peabody
traveled on horseback through Maryland, Virginia, New York and
Pennsylvania as a traveling salesman, gaining vast experience in the
business that had become his life's business.
In 1815 companions moved their company to Baltimore with
branches in Philadelphia and New York. In
1830 Riggs resigned, and Peabody became the head of an extensive
and flourishing enterprise.
He persistently rejected all invitations to
political and municipal activities, but his opinion and advice were
very weighty and respected.
In 1843 Peabody moved to London, where he founded a new company
known as "George Peabody and Company". In
1848, he was one of three commissioners who assisted the state of
Maryland in overcoming financial difficulties. Peabody
flourished and rejected all offers to compensate him for financial
the middle of the XIX century, he was the owner of one of the
largest states in the world.
In 1851 Peabody provided financial support to the United States
at the World Expo, in 1853 he helped Henry
Grinnell organize E.
Cane's expedition to
search for J.
Franklin, and in the same year allocated 100 thousand dollars to
organize a library and pedagogical institute in his hometown of
Denver. . After
visiting the United States after a long absence in 1857 Peabody
donated 200 thousand dollars to organize a library and the Institute
of Art and Science in Baltimore. At
the expense of its funds, the Peabody Institute in Peabody ($
250,000), the Peabody Institute in Baltimore ($ 1.5 million), and
museums named after Yale and Harvard Universities were also
created.His last and largest donation was 3.5 million dollars for
the development of education in the southern states.
Peabody was an extremely influential and respected man in both
England and the United States. Having
no family, he spent a lot of money on the support of his relatives:
he allocated 2 million dollars to them, in memory of his mother he
built a church.
In early 1869 his health began to deteriorate. Peabody
returned to England with the intention of spending the coming winter
in the south of France, but did not live to see his wish come true. In
a testament opened on the day of the funeral, Peabody allocated
150,000 pounds sterling to the Peabody Foundation, 500,000 pounds
sterling for housing for the families of London workers.
Four months before Peabody’s death, a bronze bust was installed
near the Royal Exchange.
He died in London.
The funeral ceremony took place in Westminster Abbey (Westminster
Abbey), and his body was transported home on the largest ship of the
English navy, the battleship HMS
was buried in the
Harmony Grove cemetery in
Salem, Essex County, Massachusetts.
Some merchants have accumulated more wealth than Peabody, but its
hallmark was the desire to spend most of its wealth on noble
In 1900 the portrait of Peabody was placed in the National
Gallery of Fame.
the west coast of Greenland in the Cane Basin. Named
by E. Cane in 1855.
the Peabody Bay. Named
by E. Kane in 1855.