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George Peabody (1795-November 4, 1869) was an entrepreneur and philanthropist who founded the Peabody Institute. He was born in Danvers, Massachusetts to a middle class family.While serving as a volunteer in the War of 1812, Peabody met Elisha Riggs, who, in 1814, provided financial backing for the wholesale dry goods firm of Peabody, Riggs, and Company.
In 1816, Peabody moved to Baltimore, where he would live for 20 years.