In 1861, when the civil war started, the North and the South faced off in the bloodiest battle on U.S. soil that broke the once united America into two parts. As the South fought to break away from the Union, the North fought to preserve what we have gained in the American Revelation. However, when Abraham Lincoln signed the Emancipation Proclamation in 1863, the war got an entirely new dimension. Now, the war was not just to preserve the Union, it has also turned into a battle to free the slaves in the south. At the same time, the north had to fight an internal battle, a battle between morality and money. On one hand, many believed slavery should not exist and; on the other hand, however, the money they made of slavery was clearly an incentive to continue the institution of slavery. Although the north had already abolished slavery, they did not outlaw profiting from it. In fact, a large part why the northern economy was blooming was in part of the free …show more content…
Many people laid their first eggs, and took their first steps into building something that would last for years. One example of such a case would be the Lehman Brothers. Starting in 1844, Henry Lehman opened shop selling groceries, dry goods, and tools to the local cotton farmers in Montgomery, Alabama. His two younger brothers, Emanuel and Mayer, joined him in the business by 1850, and so, Lehman Brothers was born. Soon thereafter, they transformed from being a wide-ranging merchant to a cotton broker business for the local cotton farms. By 1858, they open their first office in New York giving the firm a larger percentage in the cotton trading industry (Lehman Brothers records, 1868-2007). Although, they have been in business until 2007, the Lehman Brothers started in the 1850s and were able to build their firm thanks to the cheap cotton they got from slavery in the