Social Sciences and the Law

What part of the mining industry helped make the Guggenheim fortune?

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When nearly 60 he purchased from friends some Colorado mining property. Sensing that sure profits were in processing rather than in mining, he built large smelters in Colorado and Mexico and a refinery at Perth Amboy, N.J. The expansion of the Guggenheim enterprises was accelerated by seven well-trained sons—Isaac, Daniel, Murry, Solomon, Benjamin, Simon, and William—who filled strategic places in the Guggenheim organization.

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