Rothschild family and History

The Rothschild family (known as The House of Rothschild,[1] or more simply as the Rothschilds) is a European dynasty of German Jewish origin that established European banking and finance houses from the late eighteenth century. Five lines of the Austrian branch of the family were elevated into the Austrian nobility, being given hereditary baronies of the Habsburg Empire by Emperor Francis II in 1816. The British branch of the family was elevated into the British nobility by Queen Victoria.[2] It has been argued that during the 19th century, the family as a whole possessed by far the largest private fortune in the world, and by far the largest fortune in modern history.

His sons were:

Amschel Mayer Rothschild (1773–1855): Frankfurt
Salomon Mayer Rothschild (1774–1855): Vienna
Nathan Mayer Rothschild (1777–1836): London
Calmann Mayer Rothschild (1788–1855): Naples
Jakob Mayer Rothschild (1792–1868): Paris

The history of Rothschild family

From modest beginnings, the five brothers founded banking houses, in Frankfurt, London, Paris, Vienna and Naples. They achieved renown as the most important – and most successful – bankers in the world.

Rothschild ventures have become the stuff of legend: the funding of Wellington’s armies, the Gold Rush, the Suez Canal, the arrival of the railways and the quest for oil.

The story of Rothschild family

In the 1760s, the young Mayer Amschel established his business in Frankfurt, dealing in coins and bills. By 1769 he was Court Agent to William of Hanau and in 1784 he moved into the Green Shield House with his wife, Gutle, and children. Here his five sons learned the skills that would enable them to establish the Rothschild banking business across Europe.

In 1798, at the age of 21, Nathan Mayer Rothschild left the home of his father to set up in England, at first in Manchester, where he established himself as a textile and general merchant with a reputation for aggressive selling and competitive pricing.

In 1809 Nathan shifted his base to the City of London. He took premises at New Court in St Swithin’s Lane – to this day the home of the bank which bears his name. Here he developed banking activities, dealing in bills of exchange and arranging foreign loans. His “best business” came in 1814 when he and his brothers were commissioned by the British government to raise the funding to help Britain and her allies defeat Napoleon.

Nathan’s increasingly successful business as a banker in London provided a model for his brothers back in Frankfurt. In 1812, James, the youngest, established a banking house in Paris. Salomon left next, in 1820, to settle in Vienna, where the family were already active in Imperial finance. Finally, with the strengthening of Austrian Imperial interests in Italy, Carl set up business in Naples, leaving Amschel, the eldest of the five sons of Mayer Amschel, to head the Frankfurt bank which was continuing to grow in influence.