A Classification of American Wealth
History and genealogy of the wealthy families of America - Sponsors


 Part 1 : Colonial and Mercantile America  Part 2 : America in the Gilded Age
 Part 3 : America in the Twentieth Century  Encyclopedia of American Wealth

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  Part I-Chapter 3 : Shipping Merchants  > Salem Merchants  :   Previous  1 - 2 - 3   Next

   The Derbys - Salem shipping merchants  

Elias Hasket Derby (1739-1799) followed his father in his career and rose to become the foremost Salem shipping merchant and the richest American in his times. During the revolutionary war, the Derbys outfitted their ships as privateers and gained over 50'000 $ in this activity. But the real growth of Derbys fortune came after the end of the war, as Independence opened the world for American shipping merchants, while limiting many of their traditional business. Elias Hasket Derby's visionary expansion put Salem on the map of a premier international trading port and grew him a huge fortune. His ships opened trade with Russia (the "Light Horse" in 1784), Mauritius and China (the "Grand Trunk" in 1785) and other distant places in the East Indies and Europe

 

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Patroons and Manor Lords

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Shipping Merchants

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