The Chicago Business Elite: 1830–1930. A Collective Biography

Jocelyn Maynard Ghent and Frederic Cople Jaher

Business History Review, 1976, vol. 50, issue 3, 288-328

Abstract: To the literature on social mobility and the question of earned versus inherited fortunes, Professor Jaher and Dr. Ghent add findings for the city of Chicago in the late nineteenth century that are in strong contrast to simuar studies for other cities. From the Civil War to the turn of the century, Chicago's rate of economic growth far exceeded the national average, and out of 1186 members of the Chicago business elite whose careers were embraced by the years 1830 to 1930, fully two-thirds made their own fortunes. This phenomenon was especially strong in manufacturing and the aggressive young industries of meatpacking and railroading.

Date: 1976
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