The dry-goods store of Lehman Brothers in…
September 1850 CE
In 1844, twenty-three-year-old Henry Lehman, the son of a Jewish cattle merchant, had immigrated to the United States from Rimpar, Bavaria and settled in Montgomery, where he opened a dry-goods store, "H. Lehman".
In 1847, following the arrival of his brother Emanuel Lehman, the firm became "H. Lehman and Bro."
With the arrival of their youngest brother, Mayer Lehman, in 1850, the firm changes its name again and "Lehman Brothers" is founded.
As cotton is the most important crop of the Southern United States and global demand leads to profitable business, the Lehman brothers become cotton factors, accepting cotton bales from customers as payment for their merchandise, eventually beginning a second business trading in cotton.
Within a few years this business will grow to become the most significant part of their operation.
Commodities
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Regions
Northern North America
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