I had to look that up.
Goldman Sachs was founded in New York in 1869 by Marcus Goldman.[3][4] In 1882, Goldman's son-in-law Samuel Sachs joined the firm.[5] In 1885, Goldman took his son Henry and his son-in-law Ludwig Dreyfuss into the business and the firm adopted its present name, Goldman Sachs & Co.[6] The company made a name for itself pioneering the use of commercial paper for entrepreneurs and joined the New York Stock Exchange (NYSE) in 1896.[7] By 1898, the firm's capital stood at $1.6 million, and was growing rapidly.[7]
Goldman entered the IPO market in 1906 when it took Sears, Roebuck and Company public.[7] The deal occurred due to Henry Goldman's personal friendship with the owner of Sears, Julius Rosenwald.[7] Other IPOs followed, including F. W. Woolworth and Continental Can.[7]
In 1912, Henry S. Bowers became the first non-family member and non-Jew to become partner.[7]
I suppose that could be considered "personal loans" but I didn't live then. Is it inaccurate?
