Fraud, wars, usury - the history of the Rothschild capital

2024 Author: Seth Attwood | [email protected]. Last modified: 2024-01-31 08:38

The Rothschild dynasty is rightfully called the richest in the world. The family's success story begins in Frankfurt, when the Jew Mayer Ashmel Bauer decided to open a usurious office.

The German city of Frankfurt am Main has attracted Jews since the Middle Ages. Soon a cramped Jewish ghetto arose here, where a certain Ashmel Bauer was engaged in usury. Above his office was a red sign, which translates from German as "Rot Schild". Subsequently, Ashmel's son, Mayer Bauer, decided to change his own surname in this manner and called himself Rothschild. It was Mayer Ashmel Rothschild who became the ancestor of the dynasty. From a young age, helping his father in the office, he could become a Jewish rabbi, but he chose a different path for himself.

Thanks to the son, his father's business went uphill - the business expanded to ten offices with a turnover of 20 thousand marks. Mayer, having earned a business reputation, opened his bank office in Frankfurt in 1760. Connections with influential acquaintances led him to the local landgrave William IX. He, like him, was passionately fond of numismatics, and on this basis the usurer got along with him. Soon Rothschild became his court and loan agent, the landgrave entrusted him with all his financial affairs.

So, from 1800 to 1806, Wilhelm borrowed more than one and a half million thalers from Rothschild. Mayer even managed to save his property during the Napoleonic Wars, when the French swept away everything in their path. Mayer left his sons an impressive capital of 200 million gold francs. And to these sons - Anshel, Solomon, James, Nathan and Karl - he bequeathed to increase the family wealth.

Mayer Ashmel Rothschild is the founder of the dynasty of bankers

Mayer's banking business was split between his five sons. They dispersed to the countries of the Old World. Karl, for example, went to Italy, Solomon - to Austria, James - to France, Anshel stayed in Germany. However, in the future, only England and France brought glory to the family. The remaining branches of the dynasty were either reunited or ended in the first generations.

Nathan Mayer Rothschild established himself firmly in Britain, where he arrived in 1809. After arriving on the island, Nathan dumped all the promissory notes and IOUs, spending eight months incessantly walking around the notaries. As a result, 20 thousand pounds sterling remained in his hands, which he invested in one of the most adventurous scams. Nathan sold ordinary jewelry at auction, passing it off as jewelry of one of the Baroness Geneva of Valois, who was allegedly a relative of the French king Charles VIII. According to eyewitnesses, a real scandal erupted in London society, because many people wanted to buy such jewelry.

By some estimates, the Rothschilds have a fortune of $ 3.2 trillion.

Young Nathan Rothschild more than profited from the Napoleonic Wars. He took over many businesses that supplied the British army with war orders at a painful premium. Once Nathan Rothschild cleverly deceived everyone on the English stock exchange. So, he spread false rumors that Wellington lost to Napoleon at the Battle of Waterloo, which is why all the other players in a hurry sold off the government bonds that had fallen in price. This played into the hands of Nathan Rothschild, because he bought them all at a ridiculous price, and Wellington, as we all know, won the battle.

The English branch of the clan possessed not only economic, but also political power in Great Britain. Thus, the British Prime Minister Disraeli borrowed 240 million in cash from the Rothschild banking house for the construction of the Suez Canal. The members of this family were extremely principled, as the following story proves.

Lionel Nathan Rothschild was unable to take a seat in the House of Commons because he had to take the Gospel oath. Not wanting to betray their faith, the Rothschilds launched a massive campaign to abolish this rule until they succeeded in 1858. Lionel won the next election and swore an oath on the Hebrew Bible.

There are many cases in history when the Rothschilds generously issued loans to European governments "/>

The Rothschilds had tremendous influence throughout Europe. There are theories claiming that they, on a par with the Rockefellers, generally run the governments of all countries. Their financial empire proved to be tenacious, because it was able to survive the Second World War. Now it exists in the form of numerous enterprises, but mainly banks. Experts believe that the secret of the dynasty's success lies in the following: The Rothschilds trusted the bank's management only to people from their family. Men never married non-Jewish women, and so that the property would not leave the family, they should marry cousins and second cousins.

French Rothschilds made wine a family business

Today, the Rothschilds' fortune is estimated at 350 billion dollars, according to other sources, at 3.2 trillion.