Armand Hammer Born

On this day, entrepreneur and millionaire Dr. Armand Hammer was born in New York. After making money early in life Hammer traveled to Russia and helped famine victims, during his time there he befriended Vladimir Lenin and went into business becoming Russia's leading pencil producer. On his return to the U.S. he got into the whiskey business, and later got even richer when, Occidental, a struggling oil company he had invested in finally struck it rich. Hammer died in 1990.