Saturday, October 19, 2013

The Rothschild Family

Great coat of arms of Rothschild family
Great coat of arms of Rothschild family
The Rothschild Family originated in the late 18th century in Frankfurt, Germany. They were a famous banking family who were believed to possess the largest  private fortune in the world in 1800s and is still widely recognized as such today even though the Rothchild family is now much smaller compared to its stature during the 1800 to 1900s.  The Rothchild family owns businesses in various fields including: banking, mining, energy, farming and winery and is also well known for its charitable generosity.  The family won international fame under the Jewish Mayor, Amschel Rothschild, who was born in 1744 and died in 1812. He kept the fortune within the family through arranged marriages. In 1811 he extended a loan of £5M to the Prussian government,  and in 1825 he supplied enough cash to the Bank of England to save it from a market liquidity crisis.

No comments:

Post a Comment