Overview
Philip Danforth Armour Sr. (16 May 1832 – 6 January 1901) was an American meatpacking industrialist who founded the Chicago-based firm of Armour & Company. Born on a farm in upstate New York, he initially gained financial success when he made $8,000 during the California gold rush from 1852 to 1856. He later opened a wholesale soap business in Cincinnati, then moved it to Milwaukee.
During the American Civil War, Armour capitalized on the opportunity to sell meat to the United States Army, making millions in the process. In 1875, he moved his base to Chicago. His innovations included bringing live hogs to the metropolis for slaughter, inventing an assembly line system for the dis-assembly of hogs, canning the product, economy of scale and efficiency in detail. He systematically utilized waste products, boasting that he made use of "everything but the squeal". The introduction of refrigerated rail cars opened a national market for him and competitors such as Gustavus Swift. Armour expanded into banking and speculation on the futures market for pork and wheat by 1900, his plants employed 15,000 workers; his own wealth was in the range of $50 million (~$ in ). The urgent Army need for meat during the Spanish–American War of 1898 led to highly publicized complaints about "embalmed beef." Armour retired from business in 1899, and devoted himself to philanthropy in the Chicago area, including low-cost housing for industrial workers, and the major institution of higher education, the Armour Institute of Technology (now part of Illinois Institute of Technology).
Life and career
Armour was born in Stockbridge, New York, to Danforth Armour and Juliana Ann Brooks. He was one of eight children and grew up on his family's farm. Armour was descended from colonial settlers of Scottish and English origin, with his surname originating in Scotland. He was educated at Cazenovia Academy in New York until the school expelled him for taking a ride in a buggy. Among his first jobs was that of Driver on upstate New York's Chenango Canal which ran through Madison County at that time and would have been a busy thoroughfare. At the age of 19, Armour left New York with about 30 other people for California, joining the great California gold rush. They walked most of the way from New York to California.
From Wikipedia (CC BY-SA 4.0).