History of Rochester Family

The rise of the Rothschild family was not smooth from the beginning. Meyer Rothschild, now considered as the founder of the family, was the first person to engage in currency trading.

Since/kloc-there were 350 German principalities in the late 8th century, and each principality had its own monetary system, Meyer's occupation was almost equivalent to foreign currency exchange. After returning from a well-known family bank in Hanover, Germany, he started his own business in Frankfurt, not only engaged in the trading of ancient coins and antiques, but also engaged in the exchange of gold and silver banknotes and became a banker.

18 18, Nathan successfully provided the Prussian government with a loan of 5 million pounds, which provided a new way for international loan business. In addition to raising funds for governments around the world by issuing bonds, the Rothschild family also made money through the royal family and politicians in the19th century, engaged in gold and currency trading, and invested in industry and mining.

According to the research of Yusuf Casis and others, Nathan was the richest man in Britain and almost the richest man in the world when he died in 1836. Including Nathan's brother, the Rothschild family really stood at the top of the world at that time, with assets of 6 million pounds.

By 1852, the Rothschild family assets had reached 9.53 million pounds. Besides, Nathan's descendants are not bad. In A.D. 1870, the inheritance of Nathan's four sons totaled 8.4 million pounds, exceeding the property of any family in England at the same time.

1836- 1837 The United States was in the midst of a financial crisis. The Rothschild family replaced the Bahrain brothers and became the agent of American banks in Europe. James Rothschild was so enthusiastic that the Rothschild family accepted the state bonds of New York and other states through Bank of America, but they didn't know that the Bank of America was in danger at that time. As a result, Bank of America went bankrupt on 184 1.

This incident left a bad impression on the Rothschild family, and James regretted that he had "never set foot in America". In the early decades of the 20th century, the investment of the Rothschild family suffered several disasters. In the First World War, although all countries had huge wartime financing needs, the Rothschild family was hit hard by the war.

Germany's initial advance threatened Paris, France, forcing the Paris Stock Exchange, BNP Paribas and the Rothschild family in Paris to move to Bordeaux, France, which seriously affected the business of the Rothschild family. What's more, the wartime financing of the Allies totally depended on new york Financial Center (with J.P. Morgan as the core), and the Rothschild family never set up a branch there.

In addition, after several generations of reproduction, Nathan Meyer's descendants have completely lost their entrepreneurial spirit, and it is really embarrassing to face competitors who are eyeing London, not to mention their ancestors. After the war, the Rothschild family essentially gave up the dominant position of European government financing.

Extended data

The Rothschild family has been active on the international stage for more than 200 years, which has had an important influence on Europe and the world. This family has a great reputation and can only be compared with the Kennedy family in the United States in the 20th century. People also have various comments on the successful activities of this family. Some people regard it as a symbol of Jewish wisdom, wealth, influence and charity, while others regard it as a living model for Jewish enterprises to conquer the world with money.

The Rothschild family broke out by managing ancient coins and making war money, and then mainly invested in the financial industry. The Rothschild family has five sons, who control London, Paris, Vienna, Naples, Frankfurt, new york and Berlin. They have become the biggest force in European financial markets, affecting the political situation.

1833 After the British Empire abolished slavery, Rothschild in London offered 20 million pounds to compensate the slave owners for their losses. 1854, they also provided a loan of160,000 for the war between Britain and Russia in Crimea; 187 1 year, and they took out 1 100 million pounds to pay reparations for the Franco-Prussian War in France.

They also controlled the railways in Europe, and all loans from France to Russia were provided by the family. During the American Civil War, they became the main source of federal finance.

With their unique Jewish behavior and lifestyle, they shine in foreign countries and become the world's leading monopolists.

The rise of the Rothschild family fully embodies the Jewish way of making money and national characteristics. In the glorious course of more than 200 years, the family has always maintained inexhaustible creativity and strong cohesion. Although its family has a huge branch, it has always maintained the power of mutual support and promotion.

In the turbulent environment of anti-Semitism, they used their wisdom to calmly confront and save the day. Especially in the battle with Hitler, they relied on wealth and extraordinary negotiation wisdom to make Nazi leaders lose all their abacus and have no choice. On the one hand, they boycotted anti-Semitic countries by refusing to lend them money.

On the other hand, it is of great help to Jewish charity and even Zionism. The Balfour Declaration, praised by Jews all over the world as "the real Magna Carta", was published in the form of a letter from the British Foreign Office to Lord Nathaniel Meyer Rothschild, the British branch of the Rothschild family.

The Rothschild family is not only the financial helmsman in the economic circle, but also the well-deserved "red shield" of the Jewish nation in its life (Rothschild is German "Rothschild", which means "red shield").

Baidu Encyclopedia-Rothschild Family