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.