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Article: Durant, Thomas Clark
- Article from:
- Gale Encyclopedia of U.S. Economic History
CopyrightCOPYRIGHT 1999 The Gale Group Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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DURANT, THOMAS CLARK
As a financier and an executive of the Union Pacific Railroad in the early 1860s Dr. Thomas C. Durant (1820
–
1885) was instrumental in building the first railway spanning the western United States. He ended his career, however, in scandal and financial disaster, having greatly enriched himself at the public's expense.
The Durants were a wealthy and distinguished western Massachusetts family. Bowing to the wishes of his parents, Thomas Durant graduated from Albany Medical College in upstate New York in 1840. But he never practiced medicine, choosing instead to devote his career to business.
After a period of working in his uncle's grain and flour export ...