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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.
Samuel Sachs was born on July 28, 1851, in Maryland, the son of Sophie (née Baer) and Joseph Sachs, both Jewish immigrants from Bavaria, Germany. The family fled Germany to avoid the crises in the country that led to the revolutions of 1848.
Thirteen years after beginning operations, Marcus Goldman invited his son-in-law Samuel Sachs to the business. Born in 1851 in Maryland, Samuel Sachs had begun working at 15 as a bookkeeper and went on to run a small boards, glass, and mirrors business.
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.
May 31, 2024 · Samuel Sachs (July 28, 1851 – March 2, 1935) was an American investment banker. He was born in the state of Maryland to Jewish immigrants from Bavaria, Germany. Sachs, along with his longtime friend Philip Lehman of Lehman Brothers, pioneered the issuing of stock as a way for new companies to raise funds.
- July 28, 1851
- Katherine Casler
- Maryland, United States
Jul 5, 2023 · Goldman’s son-in-law, Samuel Sachs, joined the firm in 1882, marking the beginning of a banking empire that would withstand economic depressions, world wars, and financial crises.
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With the addition of his son-in-law, 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
