How would you evaluate Astor in terms if his motive, his managerial ability and his ethics? What lesson does his career teach us about the relationship between virtue and success?

Astor from the age of 15 was a very motivated and determined boy with one goal in mind ~ to voyage to the new world and exceed on a massive scale. On his voyage, he learned a new trade which gave him the skills for the occupation that would soon make him the riches man in America.

He was self motivated by profits to become the largest and only American Fur company, owning 99.9% of the stock and going out of his way to crush rivals, monopolizing the industry. His managerial abilities were great, allowing him to expand and get furs essentially for nearly nothing, making profits on all parts of the labor including transportation and wages. Ethics this man did not have, creating a company on what sounded like ethics promising to deal with Indians honestly and issue stocks to other, neither of which happened. He still employed giving them trinkets and using alcohol as a means of negotiation.

Virtue and success are not proportionate, especially in business and government. Astor has high success but poor virtue. Even to the end of his career he gave very little and never helped. For some, like Astor, success is a virtue and failure is not an option.

How did the environment of the American Fur Company change in the 1830s? What deep historical forces implicated these changes?

In 1832, people believe the spread of cholera was from the transport of furs which almost stop the trade. Then in 1837, the steamboat St. Peters carried smallpox up the Mississippi, killing over 17,000 people. Also in the early 1800s ppl style changed and they began to wear silk over furs.

The historical forces that implicated these changes were inequality, globalization, nation state and chance.

What were the impacts of the fur trade on society in major dimensions of the business environment, that is, economic, cultural, technologies, natural, government, legal, and internal?

Economical the fur trade dominated society, using the Indians as pawns and buying there way into the governments pockets with the knowledge that the government couldn’t enforce many laws. Culturally the Indians had no interest in currency and only trade goods. Traders marked up prices significately due to Astor selling them trinkets at significantly marked up rates. Technologically, the steamboat was built and traveled faster than the keelboat. There were no legal ramifications for Astor.

Who were the most important stakeholders of the nineteenth-century fur industry? Were they treated responsibly by the standards of the day? By the standards of today?
The most important stake holders of the 19th century was Bernard Pratte & Co, Columbia Fur Co and Menard & Valle

Papers 8.2 of 10 on the basis of 3507 Review.