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Blink 3 of 8 - The 5 AM Club
by Robin Sharma
Money’s Prophets 1798–1848
The House of Rothschild by Niall Ferguson is a historical analysis of the Rothschild family’s ascent to power and influence, highlighting their role in shaping the financial world and European politics.
The Rothschild family was among the richest and most influential families of the nineteenth century. But how did they come to enjoy such a coveted position?
It all began with Mayer Amschel Rothschild (1744–1812), father of the famous Rothschild brothers. However, as a Jew in Frankfurt, Mayer Amschel didn’t have the easiest start to his career.
During the eighteenth century, Jews in Frankfurt faced persistent, systematic discrimination and intensely anti-Jewish attitudes.
Virtually every aspect of the lives of Frankfurt Jews was affected by this anti-Semitism. Jews were confined to a ghetto, a single narrow street called the Judengasse (Jews’ Lane), with gates erected at either end. They were forbidden to live outside the Judengasse, and likewise forbidden to stay overnight anywhere else.
Jews were barred from entering major public gathering places like parks, inns, coffee houses and the town’s promenades. For Frankfurt Jews, a major portion of life was spent within the high walls and gates of the Judengasse.
Yet, amid Frankfurt’s anti-Jewish sentiment, Mayer Amschel Rothschild still managed to start a successful banking business.
Unlike most eighteenth-century German towns, Frankfurt was a center of commerce, which necessarily went hand in hand with banking.
Mayer Amschel’s journey into banking began after he’d established himself as Frankfurt’s leading antique dealer. With the capital he accumulated through buying and selling these goods, Mayer Amschel began extending credit to his growing network of suppliers and customers, thus firmly planting himself in the world of banking.
By 1800, he ranked among the richest Jews in Frankfurt, owing in no small part to his success in banking. In fact, his business was turning over so much cash that bags of money would often lie around the Rothschild office, filling the cupboards and piling up on the floor.
The House of Rothschild (1998) offers a detailed, insider look into the famed Rothschild family’s multinational partnership. By examining the relationships and strategies that launched the Rothschilds to success, the book demystifies this historic family, making their meteoric rise to tremendous wealth and fame much easier to understand.
The House of Rothschild (1998) by Niall Ferguson is a captivating exploration of the legendary Rothschild family and their role in shaping modern finance. Here's why this book is worth reading:
All banks have histories . . . only the Rothschilds, however, have a mythology.
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Try Blinkist to get the key ideas from 7,500+ bestselling nonfiction titles and podcasts. Listen or read in just 15 minutes.
Get startedBlink 3 of 8 - The 5 AM Club
by Robin Sharma
What is the main message of The House of Rothschild?
The House of Rothschild explores the history and influence of the Rothschild family in the world of finance and politics.
How long does it take to read The House of Rothschild?
The reading time for The House of Rothschild varies depending on the reader's pace. However, the Blinkist summary can be read in just 15 minutes.
Is The House of Rothschild a good book? Is it worth reading?
The House of Rothschild is a fascinating read that sheds light on the influential Rothschild family. It offers valuable insights into finance, politics, and history.
Who is the author of The House of Rothschild?
The author of The House of Rothschild is Niall Ferguson.