Meyer
Guggenheim was
born in Langnau, Switzerland in
1828. He emigrated to the United States and settled in Philadelphia
with his new wife. He started his own company to manufacture stove
polish but later became an importer of Swiss needlework.
In 1888 Guggenheim began investing in mines. With his seven sons he
formed the Philadelphia Smelting and Refining Company. Guggenheim
became the dominant force in the industry when he gained control of
American Smelting in 1901. Meyer Guggenheim died in 1905.
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