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Russell Sage – 1816-1906

Russell SageSage worked his way up from grocery store errand boy to a major investor in the nation’s developing railroad and telegraph systems, whose growth his management greatly spurred. Sage introduced a key innovation into the U.S. stock market in 1872, “puts and calls”— options to sell or buy a set amount of stock at a set price and within a specified time limit. Working with financier Jay Gould, he used this in his manipulation of stocks. Sage’s fortune became the basis of the Russell Sage Foundation, devoted to social research.

Posted on June 27, 2016 by Natalie. This entry was posted in Uncategorized. Bookmark the permalink.
Nicola Sacco – 1891-1927
J. D. Salinger – 1919–2010

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