Henry Goldman - AbsoluteAstronomy.com

Henry Goldman was an American banker, son of Marcus Goldman

Marcus Goldman

Marcus Goldman was a German-born American businessman and entrepreneur. He was born in Trappstadt, Germany and emigrated to the United States in 1848...

. He was instrumental in the making of the financial conglomerate Goldman Sachs

Goldman Sachs

The Goldman Sachs Group, Inc. is an American multinational bulge bracket investment banking and securities firm that engages in global investment banking, securities, investment management, and other financial services primarily with institutional clients...

in the early twentieth century. An innovative banker, he helped list retail companies like Sears and Woolworth

F. W. Woolworth Company

The F. W. Woolworth Company was a retail company that was one of the original American five-and-dime stores. The first successful Woolworth store was opened on July 18, 1879 by Frank Winfield Woolworth in Lancaster, Pennsylvania, as "Woolworth's Great Five Cent Store"...

, despite the firms' shortage of assets. In 1911, when the firm joined with Lehman Brothers

Lehman Brothers

Lehman Brothers Holdings Inc. was a global financial services firm. Before declaring bankruptcy in 2008, Lehman was the fourth largest investment bank in the USA , doing business in investment banking, equity and fixed-income sales and trading Lehman Brothers Holdings Inc. (former NYSE ticker...

in refinancing and incorporating Studebaker

Studebaker

Studebaker Corporation was a United States wagon and automobile manufacturer based in South Bend, Indiana. Founded in 1852 and incorporated in 1868 under the name of the Studebaker Brothers Manufacturing Company, the company was originally a producer of wagons for farmers, miners, and the...

, Henry served with great dedication on the automaker's executive committee.

Goldman broke with his main partner Samuel Sachs

Samuel Sachs

Samuel Sachs was an American investment banker. He was born in the state of Maryland to Jewish immigrants from Bavaria, Germany. Sachs, along with his longtime friend Philip Lehman of Lehman Brothers, pioneered the issuing of stock as a way for new companies to raise funds...

and the bank during World War I

World War I

World War I , which was predominantly called the World War or the Great War from its occurrence until 1939, and the First World War or World War I thereafter, was a major war centred in Europe that began on 28 July 1914 and lasted until 11 November 1918...

. Goldman supported the Germans

Germany

Germany , officially the Federal Republic of Germany , is a federal parliamentary republic in Europe. The country consists of 16 states while the capital and largest city is Berlin. Germany covers an area of 357,021 km2 and has a largely temperate seasonal climate...

, even after America entered the war in 1917, and refused to allow Goldman Sachs to participate in a $150 million Anglo-French bond issue arranged by J.P. Morgan. The rest of Goldman's colleagues supported the allies. In the early 1930s Goldman, a very wealthy man, moved to Germany to express his sympathy to the country. As a Jew, Goldman just escaped the Holocaust and returned to the US in 1936, much of his fortune having been seized by the Nazis

Nazi Germany

Nazi Germany , also known as the Third Reich , but officially called German Reich from 1933 to 1943 and Greater German Reich from 26 June 1943 onward, is the name commonly used to refer to the state of Germany from 1933 to 1945, when it was a totalitarian dictatorship ruled by...

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