How The Rothschilds Created Modern Finance And A Vast Fortune That Has Lasted For Centuries
And there is no doubt - the family pioneered international finance as we know it.
This is the story of how the generations that started the dynasty managed such a feat.
Mayer Amschel Rothschild, the first of the family to open a bank, was honored by Forbes as the seventh most influential businessman of all time and the inventor of modern banking who introduced "concepts such as diversification, rapid communication, confidentiality and high volume."
Simply, Mayer understood and was willing to spend money in order to make money.
But it wasn't all that simple. Some elements of the family's history are indeed unsettling enough to pique mass interest. For instance, Mayer's primary manner of hoarding the dynasty's wealth was to institute a policy of keeping friends close...and family even closer.
But, as William Langley notes, one question looms large:
How did a down-on-its-luck brood of German street traders emerge, seemingly overnight, to become the prime facilitators of modern capitalism, the wielders of immense political power and, as the historian Niall Ferguson puts it in The House of Rothschild, "the richest family in all of history"?
Here's the answer; the tale of how Mayer and his sons established an international banking dynasty.
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