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Lehman Brothers Research Paper

1881 Words8 Pages

In 1844, Henry Lehmann Germany-born immigrant founded a small shop that sells supplies and household needs to the cotton farmers in Montgomery, Alabama. 6 years later, both his brother, Emanuel and Mayer, joining Henry and gave the name Lehman Brothers against his business. not how long after its founding, the direction of the business Lehman Brothers evolved into an intermediary (brokers) who buy and sell cotton to the farmers who live in and around Montgomery. Alabama. After the death of Henry Lehman in 1855, Emanuel and Mayer took over the leadership in the Lehman Brothers which was later dubbed as "King Cotton".
Under the leadership of Lehman Brothers, King Cotton dominated the economy of the southern United States in the year 1850 's. In line with its business growth, a brief partnership between Lehman Brothers and cotton merchant John Wesley Durr to form. This partnership aims to build a storage shed …show more content…

Tommyimage Lehman Brothers continued to advance on the path of trading commodity cotton. After the restructure of companies that got hit by the outbreak of the civil war, in 1870 Lehman Brothers initiated the formation of the New York Cotton Exchange, an institution first to facilitate future trade for commodities, and Mayer Lehman was elected among the Board of Directors of the first generation. In the next stage of development, the business coverage of the develop Lehman Brothers for trading commodities-commodities other than cotton. Not only that, Lehman Brothers also supported the establishment of the coffee and oil stock trades in the United States. The penetration of Lehman Brothers to the financial sector growing by this company is not the fiscal agent of the Government of Alabama to help sell bonds the State in 1867, and was also assigned to help the Government of Alabama to channel the debt, interest payments and other

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