New York Almanack

History, Natural History & the Arts

Iron Industry

Albany’s Squire Whipple: Father of the Iron Truss Bridge

by 1 Comment

Squire WhippleSquire Whipple was born in Hartwick, Massachusetts on September 16th, 1804. His parents were James and Electa Whipple. Born and raised on a farm, he attended a small country school for three or four months a year. He moved to New York in 1817.

By the age of seventeen, he passed the required examination for common school teaching and taught part time to finance his education. In 1822-1828 he attended Hartwick College in Otsego County; Fairfield Academy in Herkimer County; and graduated from Union College, Schenectady in 1830. He spent the next few years working as a surveyor for the Baltimore & Ohio Railroad and married Anna Case. [Read more…] about Albany’s Squire Whipple: Father of the Iron Truss Bridge

The Eddy Family: Capital Region Industrialists

by Leave a Comment

Oliver Tarbell Eddy and Titus Egbert EddyWaterford, NY’s involvement in the Industrial Revolution was more significant than its geographical size would imply. Family-owned and operated business ventures were the norm and usually a first and second-generation operation.

Names that immediately come to the fore such families as brothers Hugh and Canvas White, the Knickerbocker, Kavanaugh, Button, Breslin, and King families all demonstrated the business model of the period; manufacturing firms that employed many hands from Saratoga County and surrounding communities. [Read more…] about The Eddy Family: Capital Region Industrialists

Wall Street History: Vanderbilt, Rockefeller, Gould, and Morgan

by 2 Comments

SA Mitchell Junior’s 1866 map of the city of New YorkThe period after the Civil War was one of significant economic and technological expansion in the nation and one in which corporations headquartered in Lower Manhattan and Wall Street would obtain a significant hegemony over the American economy.

This was a time in which individual entrepreneurs were running private businesses located on Wall Street. Men such as Cornelius Vanderbilt, Jay Gould, John D. Rockefeller and J.P. Morgan were major figures in the country and attained economic power and wealth on a scale previously unknown in United States history.

Much of their wealth was derived exploiting natural resources and technological innovations (notably steam engines, railroads, and oil). It was also largely dependent on the economy’s western expansion and African-American and immigrant labor. These men, who some call “Titans of Industry” and others “Robber Barons,” generally consolidated independent businesses into national enterprises, large monopolies, and multinational corporations. Many of these were headquartered in Lower Manhattan. [Read more…] about Wall Street History: Vanderbilt, Rockefeller, Gould, and Morgan