The founder of the Rothschild family is mayer rothschild, who studied in a famous family bank in Hanover. Later, he returned to Frankfurt and started his own business.
/kloc-In Europe in the late 8th century, each principality had its own monetary system. Mayer rothschild used the knowledge he learned in German banks to exchange not only ancient money and antiques, but also gold, silver and paper money. At that time, it became a small bank.
After a small success in Frankfurt, Meyer led his five sons to Europe to explore the market. So Britain, France, Austria, Germany and Italy became the markets of the Rothschild family, and they made money with simple and rude currency exchange rates.
18 14, a few months before Napoleon fell to Waterloo. Nathan, the third son of Roche, predicted that according to the current situation, Vienna, Austria and London, England will enter a bull market. So he and his brothers hoarded a lot of gold and silver and firmly believed that they had the power to control the market. However, contrary to expectations, Napoleon defeated Waterloo in only three months, and the Roche brothers' money continued to depreciate.
18 18, Nathan successfully provided a loan of 5 million pounds to the Prussian government. He issued bonds to governments around the world to raise funds. In addition, they are also engaged in gold and currency trading, industrial and mining investment. By the time Nathan died in 1836, he had become the richest man in Britain.
The Rothschild family has been in the limelight for more than a century, from the end of the Franco-Prussian War to the outbreak of the First World War. But after World War I, the Rothschild family suddenly disappeared.
On the one hand, the changes in the world structure at that time made the Roche family have no foothold in the financial market. On the other hand, the weakness of family business hinders the development of the whole family economy. 1836 After Nathan died, James, who was in charge of the Paris branch, hoped that members of the Rothschild family would go to the United States for gold. But James's nephews are not only lukewarm about the American market, but also try their best to reduce their investment in the American market.
In the early decades of the 20th century, the investment of the Rothschild family suffered several disasters. After World War II, the Roche family was devastated. At this time, institutions such as UBS and Zurich Credit have appeared, but the Ross family still stays in the business model of19th century.
198 1 year, the French government nationalized Rothschild bank; Since then, the Rothschild family has become history.