For those of you who have been living under a rock for the last couple of decades, the Rothchild family fortune dates back 200 years ago. So when you hear people talk about families with “old money”, the Rothchild family is at the top of that list.
The Rothschild bloodline dates back to 1577 to Isaak Elchanan Rothschild whose name come from the house he lived in the ghetto of Frankfurt – Zum roten Schild (“at the sign of the red shield”). The name Rothschild was kept by his descendants who relocated to another ghetto in Frankfurt in 1664,where it became their home and place of buisness.
Mayer Amschel Rothschild, who became a banker, founded the Rothschild banking dynasty. He was one of eight children born to Amschel Moses Rothschild (who was a trader of goods and exchanged currency) and his wife Shőnche Rothschild. Mayer Rothschild began building the family wealth after an apprenticeship secured by relatives, at Simon Wolf Oppenheimer, a banking firm, where Rothschild worked under Jacob Wolf Oppenheimer who thought Rothschild the ins and outs of foreign trade and currency exchange before becoming a rare coin dealer.
Mayer Rothschild rare coin business dealing grew to include numerous of Prince patrons. Business rocketed after the revolution in France where payments from Britain to hire mercenaries of Hessian was administer by Rothschild. Rothschild became the sole international banker for Prince Wilhelm who was the “Duke” of Hesse-Kassel. Once Rothschild solidified his position with Prince Wilhelm, he began borrowing funds from the “Duke” in order to issue his own international loans. Rothschild also profited from importing goods around the Napoleon’s continental blockade.
Twelve years after his son,Nathan Mayer Rothschild (who is credited for taking the family fortune to the next level) established the first foreign branch in England importing textile and then a bank (kick starting the Rothschild dynasty), Mayer Rothschild formally became partners with his three oldest sons, sending his youngest son Jacob to Paris, which gave them the opportunity to profit from financing the Wellington’s armies in Portugal, receiving large amounts of gold on behalf of the British government as payments.
Throughout history the Rothschild have been at the center of many game changing wars such as the French Revolution (1792 – 1799). Napoleonic war in 1803 -1815. The Britian’s continental allies were able to get a loan for um of 9 million sterling the Rothschild in 1815 ( equivalent to $869 million in today’s rate). In 1818, Nathan Rothschild managed to come up with a 5 million sterling loan ( worth 330 million sterling in 2015) for the Prussian government.
The Rothschild financed Vladimir Lenin in the over throw of The Russian Monarchy in 1917 (a debt payed by Putin in 2006). They also funded the Russo -Japanese war for 11.5 million sterling ( 1.03 billion in 2012 currency terms). Rothschild played a major role in the Independence of Brazil from Portugal in the early 19th century, where the Brazilian independence depended upon taking over payments from Portugal for a 2 million sterling loan owed to the Rothschild in 1823. The Rothschild were also credited for funding the governmental infrastructure of Israel in the early 1900th.
The Rothschild funded nobles from all over Europe as well. Rothschild would often married between first and second cousins to make sure the wealth was kept in the family. At the middle and last quarter of the 19th century the Rothschild were greatly rewarded by the banking fraternity for their great skills and integrity. Increasing the family wealth.
They were also involved in supplying enough gold in 1825 -26 for the Bank Of England to avoid a market liquidity crisis. The Suez Canal, located in Egypt connecting both the Red Sea and the Mediterranean, instrumental in trade between Europe and Asia was constructed and owned by the Rothschild.
But the truth is that with all the wealth the Rothschild have accumulated over the past two centuries providing their banking services throughout the entire globe does not prove they control the world’s wealth. In fact The Rothschild family conduct business today on a smaller scale, dealing in real estate, wine, financial services and charities.
Historian Nail Ferguson wrote,
“As we have seen, however, wars tended to hit the price of existing bonds by increasing the risk that a debtor state would fail to meet its interest payments in the event of defeat and losses of territory. By the middle of the 19th century, the Rothschild had evolved from traders into fund managers, carefully tending to their own vast portfolio of government bonds. Now having made their money, they stood to lose more than they gained from conflict. The Rothschild had decided the outcome of the Napoleonic Wars by putting their financial weight behind Britain. Now they would sit on the sidelines”
The Jewish Encyclopedia noted in 1906, “Of more recent years, non-Jewish financiers have learned the same cosmopolitan method, and, on the whole, the control is now rather less than more in Jewish hands than formerly.” Meaning that there were more bankers involved in the banking business. The banking arena no longer solely belong to the Rothschild family. Others were controlling the money as well.
Although no one knows exactly how much The Rothschild family is worth today, speculation about their wealth is estimated at a range between 5 – 10 trillion dollars. Making The Rothschild the riches family on earth.
The Rothschild family are an intriguing and interesting family. Their tremendous wealth has had great influence in the world’s banking arena as well as in other areas. But there is no evidence to support that the Rothschild family control the world’s wealth and governmental institutions. At best they are great investor who have managed to stay afloat over the past century by maintaining a solid foundation in the banking atmosphere.
In fact Vladimir Putin has recently banned Jacob Rothschild from entering Russian territory. Can’t really say the Rothschild control the world’s wealth and they are being banned put of a country