Russell Sage
Wall Art and Photo Gifts from Mary Evans Picture Library
Russell Sage
RUSSELL SAGE American financier, a shrewd operator who died worth $70m, a tidy sum even now, still more so in those days. Date: 1816 - 1906
Mary Evans Picture Library makes available wonderful images created for people to enjoy over the centuries
Media ID 14103916
© Mary Evans Picture Library
1816 Days Died Financier Operator Russell Sage Shrewd Tidy Worth
EDITORS COMMENTS
1. Title: "Russell Sage: The Astute American Financier of the Gilded Age". This image portrays Russell Sage (1816-1906), an American financier who left an indelible mark on the economic landscape of the late 19th century. Born in New York State, Sage rose to prominence as a shrewd operator in the volatile world of finance. His keen business acumen and strategic investments earned him a substantial fortune, estimated at $70 million in today's currency – a tidy sum even by today's standards, let alone during the Gilded Age. Sage's career began in the 1830s when he started working as a clerk for a New York City brokerage firm. Over the years, he honed his skills and expanded his network, eventually becoming a partner in several successful ventures. One of his most notable achievements was his involvement in the Erie Railroad, which revolutionized transportation in the eastern United States. Despite his immense wealth, Sage was known for his humility and philanthropy. He donated generously to various charitable causes, including education, healthcare, and religious institutions. Sage's legacy extends beyond his financial contributions, as he also played a crucial role in shaping the financial markets of his time. His influence can be seen in the establishment of the New York Stock Exchange's "special list" – a precursor to the modern-day NASDAQ – which allowed investors to trade shares directly with each other without the need for brokers. This evocative photograph captures Russell Sage in the prime of his life, exuding confidence and intelligence. It serves as a testament to his remarkable business acumen and enduring impact on American finance during the Gilded Age.
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