George Peabody
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George Peabody
George Peabody (; February 18, 1795 – November 4, 1869) was an American financier and philanthropist. He is often considered the father of modern philanthropy. Born into a poor family in Massachusetts, Peabody went into business in dry goods and later into banking. In 1837 he moved to London (which was then the capital of world finance) where he became the most noted American banker and helped to establish the young country's international credit. Having no son of his own to whom he could pass on his business, Peabody took on Junius Spencer Morgan as a partner in 1854 and their joint business would go on to become the global financial services firm J.P. Morgan & Co. after Peabody's 1864 retirement. In his old age, Peabody won worldwide acclaim for his philanthropy. He founded the Peabody Trust in Britain and the Peabody Institute and George Peabody Library in Baltimore, and was responsible for many other charitable initiatives. For his generosity, he was awarded the Congres ...
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Peabody, Massachusetts
Peabody () is a city in Essex County, Massachusetts, United States. The population was 54,481 at the time of the 2020 United States census. Peabody is located in the North Shore (Massachusetts), North Shore region of Massachusetts, and is known for its rich Industry (manufacturing), industrial history. History The area was long inhabited by Native Americans in the United States, Native American people known as the Naumkeag people, Naumkeag. The area was settled as part of Salem, Massachusetts, Salem in 1626 by a small group of British people, English colonists from Cape Ann led by Roger Conant (colonist), Roger Conant. It was subsequently referred to as the Northfields, Salem Farms, and Brooksby. Several area residents were accused of witchcraft during the Salem witch trials of the late 17th century, three of whom were executed (John Proctor (Salem witch trials), John Proctor, Giles Corey, and Martha Corey). In 1752, the area was set off from Salem, Massachusetts, Salem, and i ...
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