The Corporate History Of Goldman Sachs

Goldman Sachs is what you think of when you hear the words ‘banking’, ‘Wall Street’ and ‘market crash’. The investment banking group is over one hundred and fifty years old but has kept its name since setting up way back in 1869. It’s a money-making machine that has invested in the likes of Spotify and Dropbox and was even the lead booker of Twitter.
It’s even committed almost 2 billion to philanthropic initiatives. But the name ‘Goldman Sachs’ is also synonymous with corruption, market manipulation, offshore tax havens and insider trading, to name but a few of his controversies.
Yet for all of these good deeds and sins, the giant of commerce wasn’t started by a hedge fund manager or stockbroker, but a humble immigrant with a knack for business and a hunger for the American dream. So how did a German immigrant build what would become an international powerhouse of finance? How unethical is the company? Will it be around forever or will it finally get its comeuppance?
It’s time to learn How History Works as we unravel the history of Goldman-Sachs.
------
#goldmansachs #History #banking
Link To My Other Channel: / howmoneyworks
Written By: Sam Ely
Video Created By: Gabriela Gutierrez
Footage Courtesy of: Getty Images
Music Provided By: Epidemic Sound
For sponsorship inquiries, please contact [e-mail]
------
SOURCES
moneycheck.com...
www.goldmansac...
www.immigrante...
www.goldmansac...
www.businessin...
www.goldmansac...
www.history.co...
www.goldmansac...
www.investors....
www.history.co...
www.history.co...
www.reuters.co...
finance.yahoo....
meaww.com/empi...
www.britannica...
www.bbc.co.uk/...
www.mcclatchyd...
www.bbc.co.uk/...

[@HowHistoryWorks]

Subscribe to my email newsletter Compounded Daily at compoundeddaily.com

[@unktheunk1428]

would you consider adding an RSS feed to the newsletter and not being email-only?

[@freen773]

The worst company I’d take a job from in a heartbeat

[@parkerlamarbrook]

Everything I’ve heard about working at Goldman is that it fucking blows but then again that might just be investment banking in general

[@freen773]

@@parkerlamarbrook I mean it’s about setting your expectations properly. Don’t go into it expecting a lot of time off and a relaxing working environment

[@AustiuNoMatterWho]

@@freen773you know that’s putting it lightly. Literally 20hr days multiple sleepless night. You’re a freaking therapist to your clients, wow they can be emotional. The annoyance of time zones.

[@roc7880]

I know bruh the same eternal story of yankess go home but take me with you.

[@AdrianCHOY]

It’s just the way it works. It’s just as normal as the air you breathe.

[@daniellu6935]

Really loving the corporate history videos, hope you make more!

[@matthewheath7839]

Fantastic video! This is what i wanted from how history works. This is great!

[@santoshparvatikar]

To win a corporate war, you've got to get your sachs together.

[@pedrorvd1]

Nice video Could you do some about the MBB as well? Would be interesting to know more about the history of strategy consulting and the big companies

[@HowHistoryWorks]

Great suggestion! Too much “consulting” in the world today

[@Roccofan]

_The first thing you need to know about Goldman Sachs is that it’s everywhere. The world’s most powerful investment bank is a great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money._ -Matt Taibi , Rolling Stone

[@rokasdobrovolskis]

The exact same could be said about most of the biggest companies, medias and corporations surprise surprise being run by a specific little tribe.

[@Roccofan]

@@rokasdobrovolskis I guess god must really favor them. Lol.

[@ivanlogo4901]

​@@RoccofanGod allows them to live the life of luxury, because they'll probably be suffering for eternity in the next life

[@Mocktailmetal]

@@Roccofan THEY ARE THE GODS lol!!!

[@sereysothe.a]

they're really not that powerful, especially nowadays. if you work in finance you know where the real power is now

[@alkesaradulovic6702]

Back when america was actually a land of opportunity 😂

[@ChocolateMilkCultLeader]

Netflix skills pay you to make a series. So much better then most of the content online

[@husanpreet981]

Thanks for very detailed information, please can you make a video on scandal in 2010-2011 of Goldman Sachs.

[@themangix357]

Ok but how did JP Morgan got its Chase?

[@donatellerxxiv1890]

Actually the Chase Manhattan Bank( founded in 1799) acquired Jp Morgan for 36 billion dollars in stock in 2001, you see JM dominated wholesale banking while Chase dominated retail banking, that merge would instantly create one of the biggest financial investment firms in the world, JP MorganChase moves more money in a day than most countries earn in a year

[@alaccou]

10:20 that’s Madrid’s Gran Via! In my opinion the most NYC looking street in Spain. So cool that it made it into a video about a NYC firm.

[@kilikilian5540]

7:26 Did not sell for 10x but for 4% more

[@LivingFearless__]

Pretty sure it was their name that made them popular

[@Sonny_McMacsson]

Sacks full of gold, man.

[@rodrigovaccari7547]

@@Sonny_McMacsson Gold, man. Sacks!

[@c.f.okonta8815]

⁠@@Sonny_McMacssonit’s sachs not sacks

[@kadeb2]

6:20 you said 1 million but the video says 10 million 🤨

[@mjmulenga3]

I don't like investment banking. It Sachs.

[@meowmeow1733]

The lack of morals/ethics of the people who start these companies is amazing. I would love to hear the mental gymnastic they do to rationalize what they do.

[@peterrty4281]

Simple, be Jewish. Did you not see who kept taking the reins of the business.

[@saltymonke3682]

Lack of ethics? Such as?

[@ege8240]

​@@saltymonke3682 profiting of slavery and wars seem pretty evil to me ngl

[@saltymonke3682]

@@ege8240 what slavery?

[@saltymonke3682]

@@ege8240 and what war?

[@rightwingsafetysquad9872]

This video broke my echo machine.

[@josecipriano3048]

They told their game right from the start. The Goldman sacks.

[@Coelitus]

At 6:21 is it $1 mil or $10 mil?

[@ronnianabalos4627]

Wow, what an eye-opening history of Goldman Sachs! It's incredible to see how this company started from humble beginnings and grew into such a powerhouse in the world of finance. However, it's also disappointing to learn about the numerous controversies and ethical lapses that have plagued Goldman Sachs over the years. It's disheartening to see a company with such potential succumb to greed and corruption. Thank you to the creator of this video for shedding light on the complexities of Goldman Sachs' corporate history. It's important to learn from the mistakes of the past in order to build a better future. I'll definitely be subscribing to this channel, "How History Works," as well as checking out the other channel, "How Money Works." Keep up the great work! 🙏📈

[@aliali-ce3yf]

we need to stop bailing out bankers

[@saphiradaughterofthewind8902]

I appreciate your videos very much.

[@artem6666661]

Make a video about Baruch please!

[@steffidas4785]

I have a hunch that most of the people even those who have rigorous experience in working in finance and it's related fields hates this company I just haven't figured out why🙈🙈

[@st3pp3nw0lf86]

A refugee? He was an immigrant. By your definition the entirety of my family were refugees.

[@bernardofabrica]

the 40 million figure for SEARS is taking inflation into account? because if not, you are talking about a 1367 million (an american billion) dollar evaluation... not precisely a small company

[@sourabhmayekar3354]

Nice

[@williamfortunate7870]

We invested in crack, it like we got Merril Lynched -Kanye West

[@kendalljohnson9172]

the background music…could be done away with tbh…friendly opinion from someone who loves ur channels

[@tomo1168]

this company is even more disgusting then CS was. i hope it will end the same way soon...

[@Zeropadd]

🔉🔈

[@shafayat1676]

1:07 im sure the immigrant was ajew

[@gussampson5029]

Oh yes. A "German" immigrant. Lol

[@kingkaga898]

Ford was right

[@EulersFan2002]

Sigma Pilled German

[@alh9338]

Oooz ftl

[@JVolpe-qg4en]

0:59, a jew immigrant

[@averagewhiteguy2]

Not even a little surprised.

[@dannydude2121]

mentioned at 2:44 ??

[@chenglee6677]

first

[@luisfelipesauvalle5807]

not quite

[@ivantsanov3650]

Goldman SUCKS 😅

[@jasonpark1556]

Im sorry fif you say german JEWISH👀👀👀

[@kevenaboss7622]

hmm, first?

[@chicofresh4396]

A Jewish immigrant not German.