Hetty Green - Witch Of Wall Street
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From a vintage picture in a Leuchtturm sketchbook with a glass pen and Platinum pigment sepia ink. Got new inks! \ud83d\udd8b\ud83d\ude01\ud83e\uddd0\ud83d\udc68\u200d\ud83c\udfa8\ud83d\ude0a
You may find some nasty rumors about her, while I'm not saying she was an angel, or even a nice person to be around, most rumors were spread by very very jealous men.
Keep in mind she lived at a primitive time when women were viewed on as second rank, not even allowed to vote.
Hetty Green (November 21, 1834 \u2013 July 3, 1916), nicknamed the "Witch of Wall Street", was an American businesswoman and financier known as "the richest woman in America" during the Gilded Age. Known for both her wealth and her miserliness, she was the lone woman to amass a fortune as a financier when other major financiers were men.
While Green's husband Edward pursued investments as a sort of "gentleman banker", Hetty Green began parlaying her inheritances into her own astonishing fortune. She formulated an investment strategy to which she stuck throughout her life: conservative investments, substantial cash reserves to back up any movement, and an exceedingly cool head amidst turmoil. During her time in London, most of her investment efforts focused on greenbacks, the notes printed by the U.S. government immediately after the Civil War. When more timid investors were wary of notes put forth by the still-recovering government, Hetty Green bought at full bore, claiming to have made US$1.25 million from her bond investments in one year alone. Her earnings on that front were to fund her great subsequent rail-bond purchases.
When the Green family returned to the United States, they settled in Edward's hometown of Bellows Falls, Vermont. Already something of an eccentric, Green began to quarrel, not only with her husband and in-laws, but also with the domestic servants and neighborhood shopkeepers. After the 1885 collapse of the financial house John J. Cisco & Son, in which Hetty Green was the largest investor, investigation revealed that Edward had been the firm's greatest debtor. The firm's management had surreptitiously used her wealth as the basis for their loans to Edward.
Emphasizing that their finances were separate, Green withdrew her securities and deposited them in Chemical Bank. Edward moved out of their home. In later years, they would effect at least a partial reconciliation. Hetty helped nurse Edward in the years before his death on March 19, 1902, from heart disease and chronic nephritis. He was buried in Bellows Falls in the graveyard of Immanuel Church.
You may find some nasty rumors about her, while I'm not saying she was an angel, or even a nice person to be around, most rumors were spread by very very jealous men.
Keep in mind she lived at a primitive time when women were viewed on as second rank, not even allowed to vote.
Hetty Green (November 21, 1834 \u2013 July 3, 1916), nicknamed the "Witch of Wall Street", was an American businesswoman and financier known as "the richest woman in America" during the Gilded Age. Known for both her wealth and her miserliness, she was the lone woman to amass a fortune as a financier when other major financiers were men.
While Green's husband Edward pursued investments as a sort of "gentleman banker", Hetty Green began parlaying her inheritances into her own astonishing fortune. She formulated an investment strategy to which she stuck throughout her life: conservative investments, substantial cash reserves to back up any movement, and an exceedingly cool head amidst turmoil. During her time in London, most of her investment efforts focused on greenbacks, the notes printed by the U.S. government immediately after the Civil War. When more timid investors were wary of notes put forth by the still-recovering government, Hetty Green bought at full bore, claiming to have made US$1.25 million from her bond investments in one year alone. Her earnings on that front were to fund her great subsequent rail-bond purchases.
When the Green family returned to the United States, they settled in Edward's hometown of Bellows Falls, Vermont. Already something of an eccentric, Green began to quarrel, not only with her husband and in-laws, but also with the domestic servants and neighborhood shopkeepers. After the 1885 collapse of the financial house John J. Cisco & Son, in which Hetty Green was the largest investor, investigation revealed that Edward had been the firm's greatest debtor. The firm's management had surreptitiously used her wealth as the basis for their loans to Edward.
Emphasizing that their finances were separate, Green withdrew her securities and deposited them in Chemical Bank. Edward moved out of their home. In later years, they would effect at least a partial reconciliation. Hetty helped nurse Edward in the years before his death on March 19, 1902, from heart disease and chronic nephritis. He was buried in Bellows Falls in the graveyard of Immanuel Church.
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