Events
1850: General dry goods1858: Cotton Brokerage firm
Cotton was Alabama's main
export crop in the 1850s.1867: Lehman Brothers
was designated to help
sell state bonds1870: Took lead in establishing
the New York Cotton Exchange1887: Became a member of
the New York's Stock Exchange1906: Join forces with Goldman
Moved into investment banking
business1929: Great Depression
Lehman Brothers survived by
focusing on venture capital.1984: Acquired by American Express
to form Shearson Lehman Brothers2000: Lehman Brothers
150th anniversary2002: Entered into settlement with
the US Securities and Exchange (SEC)2007: Mortgage crisis
Value of stock fell, losses of
nearly $4 billion2008: Lehman executives
filed for bankruptcy
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