 Shortly before the wedding, Truman and Jacobson opened a haberdashery together at 104 West 12th Street in downtown Kansas City. After brief initial success, the store went bankrupt during the recession of 1921. Truman did not pay off the last of the debts from that venture until 1934, when he did so with the aid of a political supporter. Jacobson and Truman remained close friends, and Jacobson's advice to Truman on Zionism later played a role in the U.S. government's decision to recognize Israel.
