William Tecumseh Sherman
William Tecumseh Sherman was a Union general during the American Civil War, and he filed for bankruptcy in 1850. Sherman invested a huge amount of money in a San Francisco-based bank that, guess what failed miserably, which left him with an enormous amount of debt.
Ultimately, Sherman managed to overcome his financial difficulties, and he went on to become one of the most prominent military leaders and politicians.
Horace Greeley
Horace Greeley was a famous newspaper editor, politician, and founder of the Liberal Republican Party. Greeley ran for president back in 1872, but he didn’t win the elections. After a terribly failed campaign, Greeley’s newspaper went bankrupt, too, and he was left with a large amount of debt.
Greeley passed away after dealing with his financial difficulties, but he still left behind a strong legacy as an influential journalist and political figure.
Henry Clay
Henry Clay was a great lawyer and politician, but he was also a prominent member of the Whig Party. He ran for president three times, but he never made it all the way up there. In 1828, Clay decided to heavily invest and buy land, but because of that, he suffered a great deal of financial loss.
Soon enough, he had to sell his properties and file for bankruptcy. Even if he dealt with multiple financial difficulties, he still remained an important political figure and kept on serving in relevant government positions for the rest of his career.
