George Peabody in the context of "Peabody Museum of Natural History"

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⭐ Core Definition: George Peabody

George Peabody (/ˈpbɒdi/; February 18, 1795 – November 4, 1869) was an American financier and philanthropist. He is often considered the father of modern philanthropy.

Born into a poor family in Massachusetts, Peabody went into business in dry goods and later into banking. In 1837 he moved to London (which was then the capital of world finance) where he became the most noted American banker and helped to establish the young country's international credit. Having no son of his own to whom he could pass on his business, Peabody took on Junius Spencer Morgan as a partner in 1854 and their joint business would go on to become the global financial services firm J.P. Morgan & Co. after Peabody's 1864 retirement.

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👉 George Peabody in the context of Peabody Museum of Natural History

The Yale Peabody Museum at Yale University (also known as the Peabody Museum of Natural History or the Yale Peabody Museum of Natural History) is one of the oldest, largest, and most prolific university natural history museums in the world. It was founded by the philanthropist George Peabody in 1866 at the behest of his nephew Othniel Charles Marsh, an early paleontologist. The museum is best known for the Great Hall of Dinosaurs, which includes a mounted juvenile Brontosaurus and the 110-foot-long (34 m) mural The Age of Reptiles. The museum also has permanent exhibits dedicated to human and mammal evolution; wildlife dioramas; Egyptian artifacts; local birds and minerals; and Native Americans of Connecticut.

In 2020, the Peabody Museum closed for its "first comprehensive renovation in 90 years." It reopened, with more than twice the exhibition space, on March 26, 2024.

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George Peabody in the context of Othniel Charles Marsh

Othniel Charles Marsh (October 29, 1831 – March 18, 1899) was an American professor of paleontology. A prolific fossil collector, Marsh was one of the preeminent paleontologists of the nineteenth century. Among his legacies are the discovery or description of dozens of new species—including Stegosaurus and Triceratops—and theories on the origins of birds. He spent his academic career at Yale College and was president of the National Academy of Sciences.

Born into a modest family, Marsh was able to afford higher education thanks to the generosity of his wealthy uncle George Peabody. After graduating from Yale College in 1860 he traveled the world, studying anatomy, mineralogy and geology. He obtained a teaching position at Yale upon his return. From the 1870s to 1890s, he competed with rival paleontologist Edward Drinker Cope in a period of frenzied Western American expeditions known as the Bone Wars. Marsh's greatest legacy is the collection of Mesozoic reptiles, Cretaceous birds, and Mesozoic and Tertiary mammals that now constitute the backbone of the collections of Yale's Peabody Museum of Natural History and the Smithsonian Institution. Marsh has been called "both a superb paleontologist and the greatest proponent of Darwinism in nineteenth-century America."

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George Peabody in the context of Morgan, Grenfell & Company

Morgan, Grenfell & Co. was a leading London-based investment bank regarded as one of the oldest and once most influential British merchant banks. It had its origins in a merchant banking business commenced by George Peabody. Junius Spencer Morgan became a partner in 1854. After Peabody retired the business was styled J. S. Morgan & Co. In 1910, it was reconstituted as Morgan Grenfell & Co. in recognition of the senior London-based partner, Edward Grenfell, although J. P. Morgan & Co. still held a controlling interest. In the 1930s, it became a commercial bank and the Morgan family relinquished their controlling interest in the business. After a period of retrenchment, it expanded under the management of second Viscount Harcourt in the 1960s. The link with J. P. Morgan & Co. ended completely in the 1980s. The business also became embroiled in the Guinness share-trading fraud at that time. In 1990, Morgan Grenfell was acquired in an agreed deal by its minority shareholder, Deutsche Bank. The use of the Morgan Grenfell name was discontinued by Deutsche Bank in 1999.

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