Did you know during WW1, the German Rothschild banking family loaned money to the German government, the British Rothschild banking family loaned money to the British government and the French Rothschild banking family loaned money to the French government?
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The Full Story
The Rothschild banking family
Mayer Amschel Rothschild was born in 1744 in the Jewish ghetto of Frankfurt, Holy Roman Empire (now Germany).
With the help of relatives, Rothschild secured an apprenticeship at the banking firm in Hanover and was taught foreign trade and currency exchange.
Rothschild returned to Frankfurt and won the patronage of Crown Prince Wilhelm of Hesse. His business grew to include a number of princely patrons and expanded rapidly.
Rise to power
Rothschild consolidated his position as principal international banker to Prince Wilhelm and began to issue his own loans, borrowing from the Holy Roman Empire.
In 1806, Rothschild became Napoleon's banker, investing funds in London. He also profited from importing goods in circumvention of Napoleon's continental blockade.
Five banker sons
Rothschild's descendants furthered the family fortune across Europe—the "five arrows" of banking, funding opposing countries during World War 1.
Portrait of the Prince of Hesse entrusting Mayer Amschel Rothschild with his treasure.
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