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6 - Life and Fate as a Businessman and Family Man 1953–1975 and Beyond

Published online by Cambridge University Press:  19 October 2024

Carl-Ludwig Holtfrerich
Affiliation:
Freie Universität Berlin
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Summary

After his return to Washington DC from his MSA mission to Athens (April 1952 to June 1953), Tenenbaum, in 1953, founded the Edward A. Tenenbaum Company for financial consulting in Washington DC. In February 1954, he announced to the press the formation of a partnership named Continental-Allied Company, Inc. with his former immediate boss in OMGUS Berlin, General Lucius D. Clay’s Financial Adviser Jack Bennett. The company’s purpose was described: “it will accept commissions for international and United States investments, exports and imports, consultation and advice in financial, economic and trade matters, as well as public relations.” The company mainly produced reports on financial and economic problems of developing countries, either commissioned by their governments or by the World Bank. In 1969, Tenenbaum changed focus. Rather than in financial consulting, he became more interested in sharing with his wife a greenhouse business on their own large property in rural Herndon VA, where the family had lived since 1949. By 1956, four kids had been born. The youngest, Charlie, was struck by a car in March 1969 in Herndon VA and was immediately dead. A second tragedy hit the family when Edward Tenenbaum was killed in a car crash at the age of 53.

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Edward A. Tenenbaum and the Deutschmark
How an American Jew Became the Father of Germany’s Postwar Economic Revival
, pp. 594 - 625
Publisher: Cambridge University Press
Print publication year: 2024

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