GO
Loading...

July 4th Feature: George Washington Could Have Held This Stock

Tuesday, 3 Jul 2012 | 3:40 PM ET

In celebration of Independence Day, Fast Money wanted to bring you a feature that was patriotic. And what could be more patriotic than taking a look at the history of American capitalism.

Many of our founding fathers were also businessmen, but few had more savvy than George Washington.

According to various accounts, Washington ran a fishing operation that processed 1.5 million fish per year which he sold throughout the colonies and the British West Indies.

Washington also grew wheat and manufactured it into flour (as well as distilled whiskey.) Washington's grist mill produced about 278,000 pounds of flour a year, which was also popular in the colonies as well as England and sold under his own brand name.

George Washington Could Have Bought This Stock
There is one stock now trading on the New York Stock Exchange that's been around since the era of George Washington. In this edition of CNBC.com's "History of Wall Street", Tyler Mathisen tells us what stock you could buy now that also could have been purchased by the Father of Our Country.

Those and other endeavors made George Washington one of the richest men of his era. In fact, to this day Washington remains the #1 wealthiest US president with a net worth of more than $500 million, when adjusted for inflation. (That’s even more than Mitt Romney!)

And to this day, there’s a stock that George Washington could have held, that you can hold today!

Know what it is? Get all the details in this original video. It’s only 90 seconds long and narrated by CNBC’s Tyler Mathisen.

Posted by CNBC's Lee Brodie

Read More from Fast Money:

> Simple Strategies Behind Supersized Successes

> 10 Top Stocks for the Long-Term Investor

> Top Apple Related Stocks for 2012






______________________________________________________
Got something to to say? Send us an e-mail at fastmoney-web@cnbc.com and your comment might be posted on the Rapid Recap. If you'd prefer to make a comment, but not have it published on our Web site, send those e-mails to fastmoney@cnbc.com.

CNBC.com with wires.

Featured

Contact Fast Money

  • Showtimes

    Halftime Report - Weekdays 12p ET
    Fast Money - Weekdays 5p ET
  • Melissa Lee is the host of CNBC's “Fast Money” and “Options Action.”

  • Scott Wapner is host of the "Fast Money Halftime Report," which airs weekdays from 12 p.m. to 1 p.m. ET.

  • Guy Adami is a contributor on CNBC's "Fast Money." He also is managing director of stockMONSTER.com.

  • Najarian, the "Pit Boss," is cofounder of optionMONSTER.com, a news site for options traders.

  • Finerman is president of Metropolitan Capital Advisors, Inc., a company she co-founded.

  • Founder of EmergingMoney.com

  • Chief Market Strategist for Virtus Investment Partners & CNBC Contributor

Halftime Report