Oppenheimer 60th Anniversary - 10

Reprinting of From Opportunity to
Legacy: Celebrating the First Fifty Years

E AR L Y
YEARS

OPENING THE DOORS
Founded by Max Oppenheimer, Oppenheimer & Company navigates the market challenges
of its early years with a combination of unconventional talent and entrepreneurial spirit

O
The war is over! With the job done in Europe and the Pacific, Wall Street - celebrating here - and all
of America enter into a period of new beginnings, innovation, and prosperity.

10 * OppenheimerFunds: The First Fifty Years

GETTY IMAGES

1945

ppenheimerFunds traces its roots
back to Oppenheimer & Co., a
Firm named for its founder, Max
Oppenheimer. A man with
ambitious plans, Oppenheimer
gained valuable insights while
working on Wall Street in the challenging economic
environment following World War II.
Inflation was rampant during this period. The
bear market that started in 1946 continued until
1949, and strict regulations enacted during the
Roosevelt and Truman administrations stymied the
marketplace. When the war ended in 1945, the
markets showed few signs of life. New stock issues
doubled, but corporate bonds did not increase
significantly and stock exchange turnover was very



Oppenheimer 60th Anniversary

Table of Contents for the Digital Edition of Oppenheimer 60th Anniversary

Contents
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Oppenheimer 60th Anniversary - Contents
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