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Contents. du Pont family. The du Pont family (English: / duːˈpɒnt /) [ 1 ] or Du Pont family is a prominent American family descended from Pierre Samuel du Pont de Nemours (1739–1817). It has been one of the richest families in the United States since the mid-19th century, when it founded its fortune in the gunpowder business.
Feb 8, 2024 · DuPont was founded as a gunpowder manufacturer in 1802 by E.I. du Pont, who fled France for the U.S. during the French Revolution. The company expanded far beyond gunpowder, and is credited with ...
Pierre-Samuel du Pont (q.v.), born in Paris, was one of the main writers of the physiocratic school of economics. His sons founded the two branches of the du Pont family. The first son, Victor-Marie du Pont (1767–1827), was attaché to the first French legation to the United States (1787), aide-de-camp to Lafayette (1789–91), second ...
- The Editors of Encyclopaedia Britannica
- Building An Industrial Giant
- A New Generation Takes Over
- World War I Profits
- Diversification
- Political Issues
- American Liberty League
- Forging on
- For The Public Good
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In 1800 Éleuthère Irénée du Pont de Nemours fled to the United States from revolutionary France along with his father and other family members. Éleuthère, encouraged by President Thomas Jefferson (1743–1826; served 1801–09), founded E. I. Du Pont de Nemours & Company, which manufactured black powder in a factory on the Brandywine River just north o...
Upon Eugene's death in 1902, the elder members of the du Pont family decided to sell the family business. However, three of the younger du Ponts—Pierre and two of his cousins, Alfred and T. Coleman—were able to put an offer together to take control of the company and avoid the sale to nonfamily members. They invited Lammot to join the family busine...
In 1915 the du Ponts along with other leading industrialists and bankers established the National SecurityLeague to lobby (attempt to persuade lawmakers) for U.S. entrance into World War I. The lobbying effort was supposedly based on patriotism and protection of the Allies, but many suspected the desire for profits was stronger. The United States d...
The company needed to invest its large war profits, so Raskob encouraged the du Ponts to purchase stock in the newly formed General Motors Corporation (GM). By 1919 Du Pont held 27 percent of GM stock, and Raskob had left Du Pont to become chairman of GM's finance committee. When GM faced bankruptcy in 1920 during the postwar economic slump, Pierre...
The du Ponts were actively involved in political issues. In early 1928 the three du Pont brothers—Pierre, Lammot, and Irénée—and Raskob became active in the Association Against the Prohibition Amendment (AAPA). The organization was dedicated to repealing Prohibition, the nationwide ban on the manufacture and sale of alcoholic beverages enacted in 1...
The du Ponts, John Jakob Raskob, and many other leading industrialists and financiers in the United States disdained the New Deal social and economic programs introduced by President Franklin Roosevelt. By August 1934 they were becoming bolder despite the popular support of Roosevelt. Together they formed the American Liberty League (ALL) to combat...
Aside from politics and public relations in the 1930s, the company forged on, developing new products such as nylon. Du Pont researchers had developed nylon by 1935, and it was unveiled to the public at the 1939 New YorkWorld's Fair. Nylon would become the hottest-selling product in Du Pont history and was used to make new consumer goods such as ny...
The du Pont family was known for more than its success in industry. The du Ponts developed elaborate gardens and donated millions of dollars to Delaware public schools and the state's highway system. The black American school system in Delaware was financed solely by the du Ponts, and the family gave substantial assistance to the state's college fo...
Books
burk, robert f. the corporate state and the broker state: the du ponts andamerican national politics, 1925–1940. cambridge, ma: harvard university press, 1990. carr, william h. a. the du ponts of delaware. new york, ny: dodd, mead, 1964. chandler, alfred d., jr., and stephen salsbury. pierre s. du pont and themaking of the modern corporation. new york, ny: harper & row, 1971. duke, marc. the du ponts: portrait of a dynasty. new york, ny: saturday review press, 1976. zilg, gerard colby. du pon...
Web Sites
du pont heritage.http://heritage.dupont.com (accessed on september 7, 2002).
Feb 24, 2024 · The du Pont family, known for owning the DuPont Co., has made the recent Forbes list highlighting some of the most affluent families in the United States for 2024. With a net worth of $18.1 ...
Jul 26, 2021 · DuPont was a family business, with these men and their sons continuing the du Pont legacy and expanding the wares offered. Throughout the mid-nineteenth century, DuPont saw a boom due to events such as the California Gold Rush , the construction of Western railroads, the Crimean War , and the American Civil War .
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Alfred Irénée du Pont (May 12, 1864 – April 28, 1935) was an American industrialist, financier, philanthropist and a member of the influential Du Pont family. [1][2] Alfred du Pont first rose to prominence through his work in his family's Delaware -based gunpowder manufacturing plant, E. I. du Pont de Nemours and Company (now known as ...
