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In 1869, Goldman Sachs was founded by Marcus Goldman in New York City in a one-room basement office next to a coal chute. [6] [7] [8] In 1882, Goldman's son-in-law Samuel Sachs joined the firm.
In 1897, Goldman Sachs established relationships with financial firms in major European capitals, providing an array of services that included foreign exchange, letters of credit, gold shipments and arbitrage.
Marcus Goldman (born Marcus Goldmann; December 9, 1821 – July 20, 1904) was an American investment banker, businessman, and financier. [1] He was the founder of Goldman Sachs, which has since become one of the world's largest investment banks. [2]
Since its founding in 1869, Goldman Sachs has been a dominant force in the financial world. Built from the foundation of our renowned investment banking business, the firm has evolved its culture and expanded its offerings over time - but its commitment to client service and excellence endure.
Marcus Goldman, the founder of Goldman Sachs, was born in Bavaria in 1821 to a Jewish family led by a peasant cattle drover. Marcus sailed to America as part of a wave of migration resulting from the European Revolutions of 1848 and antisemitism in Germany.
Marcus Goldman founded Goldman Sachs in 1869 as a small one-room office in New York City, laying the groundwork for what would become one of the most influential investment banks.
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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. [2] 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. [3]
