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George Peabody
Birth: Feb. 18, 1795
Danvers
Essex County
Massachusetts, USA
Death: Nov. 4, 1869
London
City of London
Greater London, England

Philanthropist, Businessman. Noted philanthropist whose donations made possible the recovery of higher education in the southern United States after the Civil War. He began working in grocery store at age 11. He moved to District of Columbia and Georgetown, Maryland to work in uncle's store. By age 19, he was a partner in Peabody, Riggs and Company, successful dry goods business. He moved to England to expand business, 1827, and lived in other parts of Europe until 1837. He settled in London, 1837, started George Peabody & Company, financial services and banking company. He worked to sell US government bonds to European buyers, enabling several state governments to maintain financial health after Depression of late 1830s. Partner with Junius Spencer Morgan, father of famed financier JP Morgan. Played key role in selling securities to finance Union effort in Civil War. After amassing a fortune of over $14 million, decided to begin philanthropic activities. He established several charities in US and England that concentrated on improving housing for working poor and improving higher education. Charities included Peabody Institutes in Peabody and Danvers, Massachusetts, and Baltimore, Maryland; Peabody Donation Fund in London, England; Peabody Museum, Harvard University, Cambridge, Massachusetts; Peabody Museum, Salem, Massachusetts, and Peabody Education Fund. Donations eventually totaled about $9 million. Peabody Education Fund made donations that enabled colleges including Vanderbilt University to rebuild after Civil War. He received honors from both US and Great Britain. Freeman of the City of London, one of only two Americans to receive this honor (the other was Dwight Eisenhower). He was buried temporarily in Westminster Abbey. His body transported to the USA on the HMS Monarch so he could be buried in his hometown of South Danvers (now Peabody). There is a bronze statue of him behind Royal Exchange of London unveiled by Prince of Wales, July 23rd, 1869. Member, Hall of Fame for Great Americans. (bio by: Find A Grave) 
 
Family links: 
 Parents:
  Thomas Peabody (1762 - 1811)
  Judith Dodge Peabody (1770 - 1830)
 
 Siblings:
  Achsah Spofford Peabody (1791 - 1821)*
  George Peabody (1795 - 1869)
  Judith Dodge Peabody Russell (1799 - 1879)*
  Jeremiah Dodge Peabody (1805 - 1877)*
 
*Calculated relationship
 
Burial:
Harmony Grove Cemetery
Salem
Essex County
Massachusetts, USA
 
Maintained by: Find A Grave
Record added: Jan 01, 2001
Find A Grave Memorial# 797
George Peabody
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George Peabody
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George Peabody
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