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Despite immense power, Daniel was known for his influence, with claims that he could "build or dismantle governments via telegram." However, internal conflicts in 1922 led to his ousting from the family business, prompting him to retire at age 67. Subsequently, Guggenheim shifted his focus to philanthropy, especially supporting early aviation advancements alongside his son, Harry. His contributions to aeronautics included establishing research centers and awarding prizes for safer aircraft technology, leaving a legacy that soared into the skies.