The last name Rothschild It may sound unfamiliar, as its fame dates back more than 200 years. However, despite all the time that has passed, it is still considered a surname of wealth and can.
Emerged from a red signal (Rot=red, schild= signal) that distinguished the house occupied by one of Mayer’s ancestors in the Judengasse, the Jewish ghetto of Frankfurt, the surname would become relevant thanks to one person: Mayer Amschel Rothschild.
Who was Mayer Amschel Rothschild
one day of 1744 Mayer Amschel Rothschild was born, the son of merchants who were also renowned rabbis. Everything seemed to indicate that Mayer would follow the path of theology, but When his parents died he was only 11 years old.so he had to get into the world of work from a very young age.
It was there that he took an apprenticeship at a bank. Hanoverwhere he worked and then returned to his hometown in 1770. There he married and created his own companywhich began trading in ancient coins, curious objects and works of art, until it made enough money to dedicate itself exclusively to finance.
A few years later, he became the banker and administrator of the Langgraviate of Hesse-Casselunder the leadership of William I. This alliance meant an increase in wealth for both, favored during the Napoleonic Wars. In this context, William I He sold the services of his soldiers to England and Prussia, while Mayer lent funds to governments to finance the war effort.
Because the war demanded a lot of materials and cost money, Mayer’s fortune grew very quickly. This continued thanks to the decisions Rothschild made, such as guarantee cash flow during the peninsular war between Spain and Portugal since no one could assure it. This led him to be in charge of managing the sending of funds to numerous allied princes in continental Europe.
How the Rothschild dynasty continued
Everything Mayer achieved was expanded by his four sons in several of the great capitals of the world. In that sense, They were able to establish company headquarters in London (Nathan), Paris (Jakob, later known as James), Vienna (Salomon) and Naples (Karl). Thus, by the time the patriarch passed away, the family had already established a company, the Mayer Amschel Rothschild and Sonswhose wealth was divided equally among the five sons, who were ordered not to waste it.
This structure was maintained for approximately a century (1815-1914)in which it worked what it was for some historians the largest bank in the worldwhich did not follow the traditional model of actions carried out by this type of entities, but rather focused on government loans and in bond transactions.
They were advisors and lenders to European royalty, the Vatican, prime ministers and King George IV himself. And then they were bankers of the Holy Alliance, the treaty group of Russia, Prussia and Austria that emerged to combat French militarism.
Mayer’s five sons were made barons of the Austrian Empire.and their descendants rubbed shoulders with the high society of the time. An example was Lionel Nathan de Rothschild (1808-1879) who became the first Jew in history to become a member of the British Parliament, the same one who provided the £4 million loan that allowed the British government to become a shareholder in the Suez Canal in 1875.
his cousin Mayer Alphonse de Rothschild (1827-1905) took over two large loans that the French government needed to pay debts in the 1870s due to defeat in the Franco-Prussian War. Lionel Nathan’s son, Nathaniel Mayer de Rothschild (1840-1915)was the first Jew to enter the British House of Lords. In this way he became the first Lord Rothschild of the family.
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The family too He actively participated in the creation of the State of Israel. The grandson of the patriarch and youngest son of James de Rothschild, Edmond James de Rothschild (1845-1934)was one of the main promoters of the Zionismthat is, a homeland for the Jewish people. In addition, he managed to acquire land for the construction of the state.
The business expanded and diversified. In fact, They invested in insurance companies and bought shares in industrial, metallurgical, mining and railway companies.and financed European colonial expeditions in Africa. Towards the end of the 19th century, in the face of so much competition, the hegemony of the Rothschilds ended, and although it is still a rich dynasty, it is not what it was before.
Source: Ambito
I am an author and journalist who has worked in the entertainment industry for over a decade. I currently work as a news editor at a major news website, and my focus is on covering the latest trends in entertainment. I also write occasional pieces for other outlets, and have authored two books about the entertainment industry.
