1842 - 1896
John Thomas North British Business
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John Thomas North is a member of the following lists: English businesspeople, People from Leeds and British businesspeople.
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Details
| First Name |
John
|
| Middle Name |
Thomas
|
| Last Name |
North
|
| Birthday |
30th January, 1842
|
| Birthplace |
Leeds, Yorkshire, United Kingdom
|
| Died |
8th May, 1896
|
| Place of Death |
London, England
|
| Zodiac Sign |
Aquarius
|
| Nationality |
British
|
| Occupation Text |
Businessman and investor
|
| Occupation |
Business
|
John Thomas North (30 January 1842 – 5 May 1896) was an English investor and businessman.
North was born in Leeds, Yorkshire, the son of a coal merchant and a churchwarden.
At the age of fifteen he was apprenticed to millwrights and engineers before working for several years as a mechanic.
He moved to Chile where his first occupation was as a boiler riveter in Huasco.
He later moved to the Peruvian town of Iquique where he worked as a waterworks operator, importer and ship owner.
The War of the Pacific (1879–1883) provided North with an opportunity to purchase large numbers of bonds in the Peruvian nitrate industry.
When Chile annexed Iquique and the surrounding province of Tarapacá the Chilean government transferred ownership of the nitrate fields to the bondholders.
North was thus able to take a monopoly share of the lucrative Chilean nitrate industry for a very small initial investment, becoming known as "The Nitrate King".
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