When business legend John Jacob Astor died in 1848, he was hailed as a titan of trade and praised as a sharp salesman with a taste for philanthropy. “There are few men whose biography would prove more instructive or more acceptable for the present age than the life of John Jacob Astor,” gushed one magazine in his obituary.
But today, one facet of the first multi-millionaire biography might seem to tarnish his shining legacy: his dabbling in smuggled opium. Astor’s enormous fortune was made in part by sneaking opium into China against imperial orders. The resulting riches made him one of the world’s most powerful merchants—and also helped create the world’s first widespread opioid epidemic.
Born in Germany, Astor’s enterprising spirit took him abroad when he was just 18. He ended up in the United States at a time when the country was in the midst of a new love affair with China.
As Astor began to sell furs in New York, he kept tabs on America’s new China trade. The country had a longstanding obsession with Chinese goods, especially tea that had fueled revolutionary sentiment against the United Kingdom. During British rule, American trade was under England’s thumb, and the East India Company had a monopoly on trade with China. The Revolutionary War changed that, and the new United States, now free of the monopoly, could trade freely with China. American ships began to sail directly to Canton, and the flow of commerce that followed made millionaires out of the intrepid men who plunged into the trade.
Astor began to import Chinese tea and silks—and to flirt with another way to get in on the trade boom.