Haym Salomon wasn’t just generous in financing the fledgling American state and its army; he also lent money to members of Congress and the new nation’s leaders. He loaned money to Benjamin Franklin, Thomas Jefferson, John Adams, and James Madison.
In 1785, Haym Salomon died at the age of 45 without recovering what he had lent to the state and its army. The Encyclopedia Britannica estimates that Salomon’s contributions to the American government are equivalent to more than 3 trillion dollars today.
Following Salomon’s immense contributions, George Washington asked him what he wanted as a reward. Salomon replied that he wanted nothing for himself but asked that the 13 stars on the United States seal be arranged to form the Star of David.
In honor of Haym Salomon’s contributions, a project was launched in 1893 to mint a gold coin in his name. Many books have been written about him, including a work by the author Howard Fast titled Haym Salomon: Son of Liberty.
That same year, a sculptural statue of him, designed by Lorado Taft, was erected in Chicago. In 1946, a memorial was established in Los Angeles, and in 1975, the United States issued a postage stamp in his honor, printed in green ink and bearing the title “Financial Hero: Businessman Haym Solomon was responsible for financing the American Revolution to save the nation from collapse.”
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