Rothschild was born on June 14, 1861, in
Eufaula, Alabama, the son of Amanda (née Blun / Blün) and Frank Rothschild. He spent most of his childhood in
Columbus, Georgia. In 1878, he went to work at his grandfather's manufacturing business and in 1887, he founded
S.F. & A. Rothschild with his brother. The Straus' family provided most of the financing for the transaction as they were flush with cash after their acquisition of a general partnership with
Macy's department stores in 1888. Abraham's son, Lawrence Abraham, and son-in-law, Edward Charles Blum, also joined the partnership. Rothschild become vice president in 1920, president in 1925, and chairman of the board in 1930. Also in 1929, Rothschild presided over the merger of Abraham & Straus with
Filene's,
Lazarus, and
Bloomingdale's to form
Federated Department Stores. In order to preserve jobs during the
Depression, all Abraham & Straus employees took a 10% pay cut; as a result, no employees were laid off. Abraham served as chairman until his death in 1936. == Philanthropy and board memberships ==