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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.
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 Samuel accepted his father-in-law’s offer, Marcus renamed the firm M. Goldman & Sachs. The firm became Goldman, Sachs & Co. in 1888.
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.
The Goldman–Sachs family is a family of Ashkenazi Jewish descent known for the leading investment bank Goldman Sachs. Marcus Goldman, while attending classes at the synagogue in Würzburg, met Joseph Sachs, who would become his lifelong friend. [1]
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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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.
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.
