After the 1906 reorganization of the Sears company as a public stock corporation by the financial services firm of Goldman Sachs, one of the senior partners, Paul Sachs, often stayed with the Rosenwald family at their home during his many trips to Chicago. Julius Rosenwald and Sachs often would discuss America's social situation, agreeing that the plight of African Americans was the most serious problem in the United States.
The reorganization of Sears as a publicly traded company had a significant impact on Paul Sachs' frequent visits with the Rosenwald family in Chicago. During these visits, Julius Rosenwald and Sachs would engage in discussions about America's social issues, highlighting the struggles faced by African Americans as a major concern for the country.