Sunday, May 08, 2011

New York City's First Drug Dealer

A dubious distinction at best, the famous Astor family usually known for real estate development in and around New York (Astor Place, Astor Row, Astoria Queens)apparently got started in another lucrative trade: Drug smuggling.

John Jacob Astor, a german immigrant made his first fortune trading furs with the natives in the late 1700's and eventually shipping pelts worldwide.

Having been associated with China from his fur trading, the needed connections were already in place.
He began purchasing thousand of pounds of Turkish Opium and shipped it to China, illegally as Opium was banned there in 1799. After a few years of successful smuggling, he quit the business evidently unscathed and began a new career in another prosperous trade: New York Real Estate.

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