Daniel Guggenheim

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Daniel Guggenheim

Daniel Guggenheim (1856-1930) American industrialist and philanthropist, was a son of Meyer Guggenheim.

Daniel Guggenheim won a lead-silver price war with ASARCO in 1900, and the Guggenheims took over ASARCO in 1901. Daniel moved aggressively to add mining and smelting properties to the Guggenheim's mining empire. When the War broke out in 1914, Daniel was ready to ramp up copper production worldwide to aid the Allied war effort -- and the Guggenheim profits.

Murray N. Rothbard's Wall Street, Banks and American Foreign Policy, has a significant amount of information pertaining to Daniel Guggenheim, brother of Simon Guggenheim and son of Meyer Guggenheim. He was a member of the National Security League, the driving force for moving the then-neutral USA into World War I, which was headed by J.P. Morgan.

During the war, Daniel's son Harry Guggenheim became a pilot and both became avid supporters of aviation technology. In the 1920s they established the Guggenheim Medal for achievement in aeronautics and provided grants for aeronautics research at California Institute of Technology, Georgia Institute of Technology, Harvard University, Massachusetts Institute of Technology, New York University, Northwestern University, Stanford University, Syracuse University, the University of Akron, the University of Michigan, and the University of Washington.