Having been admitted to his older brother's firm, J. F. Schröder & Co., at the age of 16, Johann Heinrich Schröder (John Henry Schröder) learnt about acting as principal in the shipping of commodities such as sugar and about acting as an acceptor of bills of exchange from an early age.[3]
He retired from the business in 1849 aged 65 and retired to his country estate at Gross Schwansee in Mecklenburg (Kalkhorst) which he had bought in 1846.[10] In retirement, he established a home for the elderly known as the Schröder Stiftung, and in 1868 he was made a PrussianFreiherr with the title of Baron Johann Heinrich von Schröder.[11]
Family
Schröder married Henriette von Schwartz in 1819.[12] Together, they had three sons and six daughters.[13] His son John Henry William Schroder was also a banker and helped to expand the firm started by his father.