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244:, where he initially rented the room in a boarding-house previously rented by his old friend Joseph Sachs. He later became a shopkeeper, after setting up a clothing store on Market Street. In 1869, Goldman relocated to New York City in search of a more profitable work. He set up a shingle on Pine Street in lower
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In 1882, Goldman invited his son-in-law Samuel Sachs to join him in the business and changed the firm's name to M. Goldman and Sachs. Business boomed—soon the new firm was turning over $ 30 million worth of paper a year—and the firm's capital was now $ 100,000 (equivalent of $ 3.2 million in 2023).
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For almost fifty years after its inception, all of
Goldman Sachs's partners were members of intermarried families. In 1885, Goldman took his own son Henry and his son-in-law Ludwig Dreyfuss into the business as junior partners and the firm adopted its present name, Goldman Sachs & Co. In 1894,
205:, was widowed with five children from a former marriage; her first husband was called Samuel Oberbrunner. His paternal grandfather was called Jonathan Marx until he changed his name to Goldmann when Jews were allowed to have surnames in 1811. While attending classes at the synagogue in
232:. Upon his arrival in America, his name was changed to Marcus Goldman by US immigration. He married Bertha Goldman (no relation to Goldman's family), who was 19 and also a Jewish immigrant.
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of $ 6 million in 1869 (equivalent of $ 137 million in 2023), were already modern-day investment bankers immersed in underwriting and trading railroad bonds.
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Goldman married eighteen-year-old Bertha
Goldman, who had also immigrated from Germany. They had five children. Goldman's youngest daughter, Louisa, married
310:, Bavaria immigrants. Louisa's older sister and Sam's older brother had already married. His older son, Julius Goldman, married Sarah Adler, daughter of
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a year. Successful though he was, Goldman's business was insignificant compared to that of the other Jewish-German bankers of the day. Concerns like
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From his earliest days of his business, Goldman was able to single-handedly transact as much as $ 5 million worth of
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family. His father, Wolf
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Supple, Barry E. (1957). "A Business Elite: German-Jewish
Financiers in Nineteenth-Century New York".
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When Money Was in
Fashion: Henry Goldman, Goldman Sachs and the Founding of Wall Street
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When Money Was in
Fashion: Henry Goldman, Goldman Sachs and the Founding of Wall Street
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213:, who would become his lifelong friend. In Bavaria, Goldman worked as a schoolteacher.
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Immigrant
Entrepreneurship: German-American Business Biographies, 1720 to the Present
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Goldman worked as a peddler with a horse-drawn cart and later as a shopkeeper in
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Barbarians of Wealth: Protecting
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When
Goldman retired, he left the firm in the hands of his son
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Henry Sachs entered the firm, and in 1896, the firm joined the
442:, by Cordula Kappner, 12. März 2008 , mainpost.de (in German)
173:, businessman, and financier. He was the founder of
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177:, which has since become one of the world's largest
169:; December 9, 1821 – July 20, 1904) was an American
552:. Hoboken, NJ: John Wiley & Sons. p. 184.
573:Cohen, Getzel M.; Joukowsky, Martha Sharp (2006).
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643:Our Crowd: The Great Jewish Families of New York
575:Breaking Ground: Pioneering Women Archaeologists
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189:Mark Goldman was born on December 9, 1821, in
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577:. University of Michigan Press. p. 299.
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354:"Marcus Goldmann und der amerikanische Traum"
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216:Goldman immigrated to the United States from
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440:Marcus Goldmann und der amerikanische Traum
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1045:Chief Executive Officers of Goldman Sachs
984:List of former employees of Goldman Sachs
508:. New York: Palgrave Macmillan. pp.
407:. New York: Palgrave Macmillan. pp.
385:
224:, in 1848 during the first great wave of
106:Investment banker, businessman, financier
1030:American people of German-Jewish descent
476:. New York, NY: Touchstone. p. 32.
230:Revolutions of 1848 in the German states
1050:Bavarian emigrants to the United States
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351:
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548:Franks, Sandy; Nunnally, Sara (2011).
306:, the son of close friends and fellow
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474:Goldman Sachs: The Culture Of Success
1070:19th-century American businesspeople
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352:Kappner, Cordula (March 12, 2008).
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599:"Obituary Notes: Marcus Goldman"
373:"The Evolution Of Goldman Sachs"
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371:Andrew Beattie (May 21, 2010).
891:Goldman Sachs Capital Partners
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261:J. & W. Seligman & Co.
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646:. Syracuse University Press.
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226:Jewish immigration to America
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114:Bertha (née Goldman; m. 185?)
640:Birmingham, Stephen (1996).
500:Breton Fisher, June (2010).
399:Breton Fisher, June (2010).
127:(married to Ludwig Dreyfuss)
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969:Goldman Sachs controversies
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607:. July 21, 1904. p. 7
21:For the psychiatrist, see
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1065:People from Rhön-Grabfeld
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974:Goldman Sachs Foundation
1060:Jewish American bankers
959:10,000 Small Businesses
912:Commodities Corporation
663:Business History Review
298:Personal life and death
277:New York Stock Exchange
989:Symphony Communication
922:NN Investment Partners
697:Goldman Sachs & Co
472:Endlich, Lisa (2000).
1055:German Ashkenazi Jews
905:Historical components
228:, resulting from the
331:Goldman–Sachs family
1025:American financiers
896:Petershill Partners
705:Business positions
319:Elberon, New Jersey
286:and his son-in-law
87:Elberon, New Jersey
831:(Chairman and CEO)
823:Lloyd C. Blankfein
719:Chairman and CEO,
604:The New York Times
292:Harvard University
195:Kingdom of Bavaria
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825:(Senior Chairman)
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728:Succeeded by
559:978-0-470-76814-3
453:"Marcus Goldman."
451:Caplan, Sheri J.
218:Frankfurt am Main
171:investment banker
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23:Marcus J. Goldman
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943:30 Hudson Street
829:David M. Solomon
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964:10,000 Women
871:Robert Rubin
789:Samuel Sachs
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615:– via
609:. Retrieved
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360:(in German).
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312:Samuel Adler
304:Samuel Sachs
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288:Samuel Sachs
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242:Philadelphia
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211:Joseph Sachs
203:Zeil am Main
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145:Samuel Sachs
143:(married to
140:Louisa Sachs
135:Julius Sachs
133:(married to
81:(1904-07-20)
51:Mark Goldman
15:
1015:1904 deaths
1010:1821 births
866:Mark Carney
155:(1857–1937)
95:Nationality
1004:Categories
809:executives
725:1869–1894
653:0815604114
611:August 24,
584:0472031740
337:References
191:Trappstadt
185:Early life
130:Rosa Sachs
65:Trappstadt
57:1821-12-09
931:Buildings
884:Divisions
851:Gary Cohn
528:562769185
427:562769185
246:Manhattan
209:, he met
111:Spouse(s)
979:GreenSky
777:Founders
358:Mainpost
325:See also
207:WĂĽrzburg
197:, to an
119:Children
98:American
816:Current
807:Notable
713:Founder
683:3111848
263:, with
222:Germany
952:Others
839:Former
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378:Forbes
236:Career
165:(born
679:JSTOR
510:17–18
648:ISBN
613:2016
579:ISBN
554:ISBN
524:OCLC
514:ISBN
478:ISBN
423:OCLC
413:ISBN
250:IOUs
76:Died
47:Born
671:doi
455:In
409:7–8
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Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
