Jacob Schiff
American businessman and banker / From Wikipedia, the free encyclopedia
Dear Wikiwand AI, let's keep it short by simply answering these key questions:
Can you list the top facts and stats about Jacob Schiff?
Summarize this article for a 10 year old
Jacob Henry Schiff (born Jakob Heinrich Schiff; January 10, 1847 – September 25, 1920) was a German-born American banker, businessman, and philanthropist. He helped finance the expansion of American railroads, and the Japanese military efforts against Tsarist Russia in the Russo-Japanese War.
Jacob Schiff | |
---|---|
Senior Partner, Kuhn Loeb & Co | |
In office 1885 – September 25, 1920 | |
Succeeded by | Mortimer Leo Schiff |
Personal details | |
Born | Jakob Heinrich Schiff (1847-01-10)January 10, 1847 Frankfurt, German Confederation |
Died | September 25, 1920(1920-09-25) (aged 73) Manhattan, New York City, U.S. |
Citizenship | German (1847–1870) American (1870–1920) |
Spouse |
Therese Loeb (m. 1875) |
Children | Frieda Schiff (1876–1958) Mortimer L. Schiff (1877–1931) |
Occupation | Banker and businessman |
Born in Frankfurt, Germany, Schiff migrated to the United States after the American Civil War and joined the firm Kuhn, Loeb & Co.[1] From his base on Wall Street, he was the foremost Jewish leader from 1880 to 1920 in what later became known as the "Schiff era", grappling with all major Jewish issues and problems of the day, including the plight of Russian Jews, American and international antisemitism, care of needy Jewish immigrants, and the rise of Zionism.[2][3] He also became a director of many important corporations, including the National City Bank of New York, Equitable Life Assurance Society, Wells Fargo & Company, and the Union Pacific Railroad. In many of his interests he was associated with E. H. Harriman.