Money, the pop song says, changes everything, and as Broadway’s magnificent The Lehman Trilogy so splendidly demonstrates, everything means everything, from the most private of personal circu…
, from the most private of personal circumstances to – if you’ve got enough cash – the grand sweep of history.
Henry arrives at Ellis Island alone, 10 pounds lighter than when he began his 45-day sea voyage and already wiser in the ways of the world and steerage than could ever have been gained in the Bavarian village of Rimpar, Germany. Within three years he’s opened a tiny dry goods shop in, of all place, Montgomery, Alabama, catering to the poor, the overseers, anyone in need of clothes sturdy, durable and cheap.
Mayer’s middle-man position will take on unexpected value and importance and lay a sort of symbolic groundwork for the role this fledgling business will play in the establishment of a 20th Century economy: this little mercantile will all but invent the industry that will come to be known as investment banking. They will become, in short, the middle-men, the go-between between the makers and the sellers of goods.
Mayer: “The first cannon shot of the Civil War wakes Mayer Lehman in Montgomery. His first thoughts are for his storerooms of cotton. He throws open the window: Montgomery has gone wild. Crowds on the street celebrating:Then Emanuel: “The first cannon shot of the Civil War wakes Emanuel Lehman in New York. His first thoughts are for his buyers! He goes to the window: New York has gone wild.
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