Goldman Sachs was founded in New York by Marcus Goldman, a German-Jewish immigrant who bought and sold commercial paper, the short-term promissory notes of merchants. His son-in-law Samuel Sachs joined later, and the firm took its current name in the 1880s. It grew into one of the leading investment banks, advising on mergers and underwriting stock and bond issues. Goldman Sachs went public in 1999 and became a bank holding company during the financial crisis of 2008, under which it gained access to government support. It has often drawn criticism for its power and influence, and many of its alumni have held senior government posts.
Before and after
- from 23 October 1868 to 30 July 1912Meiji era
- 27 November 1868Battle of Washita River
- 9 December 1868Birth of Fritz Haber
- 1869Publication of War and Peace
- 1869Founding of Goldman Sachs
- 1869Publication of The Idiot
- 1869Construction of Neuschwanstein Castle
- 1869Founding of Boston University
- 9 January 1869Birth of Grigori Rasputin
More in Society, economy & sport
- from 10 June 1815 to 24 August 1866Founding of German Confederation
- 17 February 1863Founding of International Committee of the Red Cross
- 26 October 1863The Football Association is founded in London
- 17 May 1865Founding of International Telecommunication Union
- 19 September 1893New Zealand becomes the first country where women vote
- 30 June 1908Tunguska event
The era
This moment belongs to the Industrial era (1760 CE to 1914 CE), steam, factories and revolutions. You can also browse everything in the 19th century.