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By the 1890s, Goldman Sachs had become one of the largest dealers of commercial paper in New York. After Marcus Goldman’s death in 1904, Samuel and his brother-in-law Henry Goldman became the firm’s senior partners. Samuel was instrumental in driving the firm’s expansion into foreign markets.
- Commemorates 150 Year History
When Marcus Goldman brought his son-in-law Samuel Sachs on...
- Commemorates 150 Year History
Marcus Goldman's youngest daughter, Louisa, married Samuel Sachs, the son of Joseph Sachs, fellow Lower Franconia, Bavaria immigrant. Louisa's older sister and Sam's older brother had already married.
When Marcus Goldman brought his son-in-law Samuel Sachs on as his business partner in 1882, neither man could know that it would be the beginning of a partnership that would last for more than a century and a half, employing generations of both families.
Samuel Sachs (/ z ɑː k s /; July 28, 1851 – March 2, 1935) was an American investment banker. He is most known for co-founding Goldman Sachs along with Marcus Goldman. He is noted for changing the nature of merchant banking by underwriting of the flotation of many major companies through the use of these sales to raise funds.
Oct 10, 2008 · Marcus Goldman, aged 47, established M Goldman in 1869; he was joined by a junior partner, Samuel Sachs, in 1882 and formed the company Goldman Sachs. It became one of the great independent...
Samuel Sachs, in 1882, and his son, Henry Goldman, in 1885, Marcus Goldman’s enterprise became a partnership with a new name: Goldman, Sachs & Co. By the time the firm joined the New York Stock Exchange in 1896, Goldman Sachs was a leader in commercial paper sales. As the firm’s clients grew in
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Samuel Sachs. Goldman, Sachs and Company. 1904–1928. Industry: Finance. Era: 1900. Sachs, together with his friend Philip Lehman of Lehman Brothers, was one of the first to realize the potential of issuing stock as a way for new companies to raise funds.
