This Jewish Family Secretly Owns Half of America

This Jewish Family Owns Half of America
When we hear about a Jewish family associated with wealth and finance, the Rothschilds often come to mind. They were a prominent Ashkenazi Jewish family known for their influence, primarily in Europe. However, when we consider the context of America, things become a bit more complex. While the Rothschilds had a significant impact on the world, they were primarily based in Europe during their most powerful era.

In this video, I want to introduce you to another wealthy Ashkenazi Jewish family that has played a major role in American finance. I will also discuss other Jewish families in America who have exerted significant influence over multiple generations.

Let's start with the Goldman Sachs family. Their story begins in 19th-century Bavaria, a region known for its beautiful landscapes and charming villages. It all started with a man named Marcus Goldman, who possessed ambition, forged friendships, and demonstrated financial expertise. His journey ultimately led to the creation of a financial dynasty that profoundly influenced America's economy.

Marcus Goldman was born on December 9th, 1821, in Trappstadt, into an Ashkenazi Jewish family. His father, Wolf Goldman, worked as a humble farmer and cattle dealer. The Goldmans were hardworking, but they aspired for something greater.

During the revolutionary period of 1848, when Europe was undergoing significant changes, Marcus Goldman made a bold decision. He chose to leave behind his homeland and brave the perilous journey across the vast Atlantic to America, the land of opportunity.
When Marcus Goldman arrived in America, his name was changed to fit the American style. He started his journey as a peddler, going around the busy streets with a cart pulled by a horse. It was a modest beginning for a man with big dreams, but he was determined to create his own path.

In Philadelphia, something unexpected happened in Marcus Goldman's life. He ended up renting a room in a boarding house, and it turned out to be the same room where his old friend Joseph Sacks had stayed before. This reunion marked the beginning of a lifelong partnership.

In 1869, Marcus Goldman set his sights on New York City, which was the center of American finance. On Pine Street in Lower Manhattan, he established a company called Marcus Goldman & Company, specializing in brokering IOUs. His persistence paid off as he soon found himself handling transactions worth millions of dollars each year.

The turning point came in 1882 when Marcus invited his son-in-law Samuel Sacks to join the business. This led to a change in the company's name to M, Goldman and Sacks. The combined efforts of the family resulted in a financial boom, with transactions worth tens of millions of dollars and significant wealth accumulation.

For almost fifty years, the partnership between Goldman and Sacks flourished. In 1885, Marcus introduced his son Henry and son-in-law Ludwig Dreyfus as junior partners, and the firm adopted its enduring name, Goldman-Sacks and Company.
Their growth was extraordinary, and it reached a peak when they became members of the New York Stock Exchange in 1896. As Marcus Goldman retired, he entrusted the firm to his capable son Henry Goldman and son-in-law Samuel Sacks.

In 1904, the next generation took over as Samuel's sons, Arthur and Paul, joined the firm fresh out of Harvard University. The Goldman Sachs family dynasty continued to thrive. The second generation, led by Henry Goldman, had the important task of preserving and expanding the legacy started by Marcus Goldman.

Over the following thirty years, Henry's leadership and innovative thinking played a crucial role in transforming Goldman Sachs into a leading financial institution. He was willing to take calculated risks and explore new opportunities. For example, he pioneered the idea of using a company's potential earnings to attract long-term equity investments, leading to successful public offerings of well-known companies like Sears, Roebuck & Company, Underwood Typewriter Company, B.F. Goodrich, and F.W. Woolworth.

The Goldman Sachs legacy extended beyond Henry's generation. The third generation of the family became firmly established within the American financial elite. Guided by the principles passed down from their ancestors, these descendants continued to shape the future of Goldman Sachs and, in turn, influenced the American financial landscape.
The story of the Goldman Sachs family embodies the American spirit of resilience, innovation, and the pursuit of excellence. It showcases how immigrant families overcame challenges to establish themselves in America.

[albwilso]

But they could help out in the resolving the huge GAP of inequality, and and the unjust situation of so many people falling into poverty in the last 75 years! I know these people are very intelligent, and should be able to see/understand how resolving these problems, could help make a better world, not a worse one!!!

[kipchorngwonektiroto]

Blessings of Abraham, Isaac, and Jacob (Israel), Jews are blessed in all areas of life and no one will destroy them. I like these people because they are hard-working and aspirational. May God continue blessing Jews in Jesus Christ's name.