The Monkees most lucrative venture the three had ever seen in their days as the Monkees, far surpassing the money they had made in the 1960s. Nesmith had little financial need to join in Monkees-related projects, mostly as his mother Bette Nesmith Graham was the inventor of Liquid Paper, leaving Nesmith an inheritance of over $25 million upon her death in 1980. A new album by the touring trio, "Pool It!" (the Monkees' tenth), appeared the following year and was a moderate success. From 1986 to 1989, the Monkees would conduct major concert tours in the United States, Australia, Japan, and Europe.
James Nesmith (which was a British colony at the time) while his parents were on a visit from their home in Washington County, Maine, on July 23, 1820. Of Scottish and Irish heritage, his father was William Morrison Nesmith and his mother the former Harriet Miller. About 1828, James and his father moved to Claremont, New Hampshire, where he received a limited education. In 1838, Nesmith moved to Ohio, followed by Iowa in 1842 where he waited to immigrate to Oregon Country. Nesmith planned on traveling the Oregon Trail with Elijah White in 1842, but was late to arrive and instead left