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Section: the roosevelts made their money through coal mining and railroads
Section: franklin roosevelt went to harvard university
Section: franklin roosevelt died in 1945 of a cerebral hemorrhage
Section: eleanor roosevelt was very active in politics in her own right and after her husband’s death
Section: theodore roosevelt was the youngest elected president of the united states
Section: eleanor roosevelt was a member of a prominent new york family
Takeaway: The Roosevelts are a fascinating presidential couple.
The Roosevelts were a wealthy family. They made their money in a variety of ways, but the best way to understand how they made their fortune is to look at several examples of their wealth.
The Roosevelts were originally from New York, and during the time when John D. Rockefeller was building his empire, he hired Theodore Roosevelt’s father as an attorney for Standard Oil. This helped him become very wealthy indeed. He owned banks and railroads, and he was also a member of the New York Stock Exchange.
His son Theodore was born into this wealth, but he went on to become president of the United States himself (though he was not elected until after his father’s death). His brother also served as governor of New York State, which further increased their wealth.
As president, Theodore led America through World War I and became known as one of our greatest leaders ever since—and yet even after his presidency ended (and even though his wife died while still in office), he continued to be one of the most influential men in America throughout the rest of his life until his death in 1919 at age 60 years old due to illness related to malaria contracted while leading troops through tropical rainforests during
The Roosevelts were originally Dutch settlers who immigrated to the United States in the early 1600s. They eventually settled in New York City, where they became wealthy merchants and traders. Theodore’s father, Warren Delano II, was a successful shipping magnate and first made his fortune in the China trade.
In 1828, Theodore married Anna Rebecca Hall and started a family. He attended Harvard University briefly before dropping out due to poor grades. However, he went on to serve in various positions within government including as assistant secretary of the Navy under President James K. Polk during the Mexican-American War (1846–1848).
After losing the election for vice president in 1868, he was elected Governor of New York State in 1871. He served two terms as governor and then ran for president in 1880 but lost to James Garfield by just three electoral votes. Four years later, however, he won the presidency with William McKinley as his running mate. While in office he focused on civil service reform as well as conservationism—which included setting aside land for national parks such as Yellowstone National Park—and foreign policy such as expanding trade relations with Latin America countries like Chile and Argentina while also helping Great Britain avoid war with
Conclusion
In conclusion, the Roosevelts used their name to garner influence and give access to many doors of high society. They weren’t secretive about this redistribution of wealth but instead flaunted it. Not having a specific source of money made them better than the other wealthy families but they also used that negative discourse to their advantage. Their blood line proved that they were much more powerful than others, we see this when Franklin is being questioned about his father’s first hand experience in China. The Roosevelts were able to do whatever they wanted without repercussion showing how powerful they really were.
The Roosevelts were a wealthy family for over three generations, so their accumulated wealth was based on significant investments and eventually led to a partnership in the Roosevelt & Son’s firm, which invested in railroads and other companies from the 1860s until the turn of the century.
FAQs
The Roosevelt family's wealth, built through the commercial and industrial fortunes of New York City and more recent investments in railroads, was never as great as that of the industrial barons of the late nineteenth century but was sufficient to make them part of river family society.
What business were the Roosevelts in? ›
Roosevelt & Son was an American investment banking firm connected with the Roosevelt family for nearly two centuries. The firm was among the oldest banking houses on Wall Street. Many of the male members of the Roosevelt family worked for the firm in some capacity.
What did Roosevelt do to help the economy? ›
The New Deal included new constraints and safeguards on the banking industry and efforts to re-inflate the economy after prices had fallen sharply. New Deal programs included both laws passed by Congress as well as presidential executive orders during the first term of the presidency of Franklin D. Roosevelt.
What did the Roosevelts do? ›
He created numerous programs to provide relief to the unemployed and farmers while seeking economic recovery with the National Recovery Administration and other programs. He also instituted major regulatory reforms related to finance, communications, and labor, and presided over the end of Prohibition.
Did FDR marry his cousin? ›
At 15, she attended Allenswood Boarding Academy in London and was deeply influenced by its founder and director Marie Souvestre. Returning to the U.S., she married her fifth cousin once removed, Franklin Delano Roosevelt, in 1905. Between 1906 and 1916 she gave birth to six children, one of whom died in infancy.
Which president was a millionaire? ›
Hoover lived in Iowa only for the first decade of his life. Orphaned at nine years old, he began an odyssey that would make him a multi-millionaire, international humanitarian, secretary of commerce, and President of the United States.
Is Theodore Roosevelt on money? ›
Theodore Roosevelt
2013 Dollar (obverse), 2nd of four U.S. presidents issued in 2013. 2016 Quarter Dollar (reverse), 4th of five America's National Park Commemorative Quarters to be issued later in the year.
What illness did Theodore Roosevelt have as a child? ›
A sickly child with debilitating asthma, Roosevelt overcame his health problems by embracing a strenuous lifestyle.
What was FDR's favorite food? ›
According to Henrietta Nesbitt, the White House housekeeper, FDR had very simple American tastes in foods; he liked foods "he could dig into." Among his favorite dishes were scrambled eggs, fish chowder, grilled cheese sandwiches, hot dogs, and fruitcake.
Has any president served three terms? ›
Roosevelt later went on to serve a third term and three months of a fourth term, becoming the only president to serve more than two terms, breaking Washington's two term tradition and laying the groundwork for the passage of the 22nd Amendment.
Among the suggested causes of the Great Depression are: the stock market crash of 1929; the collapse of world trade due to the Smoot-Hawley Tariff; government policies; bank failures and panics; and the collapse of the money supply.
What was the main cause of the Roosevelt recession? ›
The recession was caused by both monetary and fiscal contractionary policies which worked to reduce aggregate demand. Cuts in federal spending and increases in taxes at the insistence of the US Treasury caused many Americans to lose their jobs, with knock-on effects on the broader economy.
What did James Roosevelt do? ›
The eldest son of President Franklin D. Roosevelt and Eleanor Roosevelt, he served as an official Secretary to the President for his father and was later elected to the United States House of Representatives representing California, serving 5 terms from 1955 to 1965.
Who is the youngest president of the United States? ›
Age of presidents
Article Two of the United States Constitution provides that U.S. presidents must be at least 35 years old at the time of taking office. The youngest person to become U.S. president was Theodore Roosevelt, who, at age 42, succeeded to the office after the assassination of William McKinley.
Did the Roosevelts divorce? ›
He and Eleanor remained married, and he pledged never to see Mercer again. The Roosevelts' son James later described the state of the marriage after the incident as "an armed truce that endured until the day he died." Eleanor later wrote, "I have the memory of an elephant.
What did James Roosevelt do for a living? ›
James Roosevelt I (July 16, 1828 – December 8, 1900), known as "Squire James", was an American businessman, politician, horse breeder, and the father of Franklin D. Roosevelt, the 32nd President of the United States.
How did Teddy Roosevelt gain the presidency? ›
Roosevelt became president following the assassination of McKinley by anarchist Leon Czolgosz in Buffalo, New York; Czolgosz shot McKinley on September 6, 1901, and McKinley died on September 14. Roosevelt was sworn into office on the day of McKinley's death at the Ansley Wilcox House in Buffalo.
What is Theodore Roosevelt best known for? ›
Roosevelt expanded the Navy and sent the Great White Fleet on a world tour to project American naval power. His successful efforts to broker the end of the Russo-Japanese War won him the 1906 Nobel Peace Prize, making him the first American to ever win a Nobel Prize.
Were FDR and Teddy Roosevelt related? ›
Two distantly related branches of the family from Oyster Bay and Hyde Park, New York, rose to global political prominence with the presidencies of Theodore Roosevelt (1901–1909) and his fifth cousin Franklin D. Roosevelt (1933–1945), whose wife, First Lady Eleanor Roosevelt, was Theodore's niece.
