German-Jewish

Goldman, Henry

Today, second generation German-Jewish immigrant Henry Goldman is primarily remembered for his role as an early partner in Goldman Sachs, the international investment bank that still bears his family’s name. His accomplishments stretched well beyond his own firm, however. In addition to revolutionizing Goldman Sachs, he helped change the American economy by shifting investment banking away from railroads and heavy industry and toward mass-retail establishments. He also pioneered an approach to capital valuation that focused not on physical assets, but on future earnings.

Heckscher, Charles August

Charles August Heckscher hailed from an influential, well-to-do, and sophisticated Jewish family of merchant-bankers in Altona and the nearby, independent city-state of Hamburg. In 1829 he emigrated from Hamburg to the United States to become a successful merchant and entrepreneur. He acquired wealth by opening a trading house in New York City and later used his personal capital to invest in anthracite coal mining and transportation operations in eastern Pennsylvania. By the time of his death shortly after the end of the Civil War, he was one of the leading colliery operators in the nation.

Jesselson, Ludwig

In the decades after 1945, Philipp Brothers grew to become the largest and most important metal trading company in the world. By the late 1970s, the company had become an international giant, dealing in over one hundred and fifty different industrial raw materials with representatives in virtually every country in the world possessing metals or minerals of commercial quality. During most of this period, Ludwig Jesselson, who had come to New York in 1937 to work for Philipp Brothers, was at the helm of the company. Jesselson led the company from a sizable private company to an international giant, in the process contributing to changing the markets for international commodities.

Levy, Hannah

Hannah Levy and her brother, Jack Levy, were born to Jewish parents in the town of Haigerloch in Southern Germany. As was the case with many German Jews, the story of the Levy family reflects the common immigrant phenomenon of chain migration and the importance of family ethnic networks. Pushed out of Germany by severe hyperinflation and economic depression, as well as rising anti-Semitism, Jack and Hannah both immigrated to America in the 1920s. The existence of a robust family network aided Jack and Hannah Levy’s integration into American life and played a crucial role in their later business success. Together, they founded and developed Fashion Bar, one of the more important regional chain store operations in the American West, and Hannah earned a national reputation as one of the most savvy women retailers in the United States.