Israel's Historic Rothschild Dynasty Connection Revisited: Part 5

Meyer Amschel Rothschild: Profited From Funding Monarchist Military Attacks on French Revolution

Over 100 years before the Zionist movement’s settler-colonialists from Europe began establishing their settlements on Palestinian land that Edmond Rothschild financed and managed, the Rothschild family members began to accumulate so much surplus wealth from the financial deals the Rothschilds made with undemocratic European regimes, that by the early 1800’s the Rothschilds “increasingly came to be regarded as the epitome of dominance and exploitation," according to the 1994 book, The Rothschilds: A European Family, that Georg Heuberger edited. As the same book recalled:

“About 1764…Meyer Amschel Rothschild set up his own business as a dealer in coins and bills in Frankfurt…The deliveries he made to the…court of the Landgrave William of Hanau gave him the opportunity in 1769 to…acquire the title of Court Agent to said court…Shortly after being awarded the title of Agent to the Court of Hesse-Hanau, Meyer Amschel [Rothschild] married Gutle Schnapps, whose dowry was quite considerable…Alongside trading in coins…he also bought bills of exchange and worked as an agent procuring loans…

“The coin trade was of great significance for him…Wegener, who was in charge of the Hanau Coin Collection, later became director of the Hanau Country Treasury. It sold bills of exchange issued by the English government and redeemable in London. These bills were in payment for troops from Hanau that fought on the English side during the American war of Independence.

“Contact with the men in charge of the Court Coin Collection thus afforded Meyer Amschel [Rothschild] the opportunity to acquire bills from the Hanau Treasury and resell them for redemption in London. This trade in bills was highly profitable…”

So, not surprisingly, when the undemocratic monarchical European governments attacked the revolutionary government of France in the early 1790’s, Rothschild family members and their business partners were apparently able to profit from the resulting war. As The Rothschilds: A European Family book noted:

“In 1792 Austria and other countries attacked France…At the outset of the war Meyer Amschel succeeded, together with two business partners…, Wolf Loeb Schott and Beer Nehm Rindskopt, in concluding a contract with the Imperial Army. They provided the money to pay the soldiers as well as grain and equipment for the army during its operations in the Rhine/Main region against the French…The profits were…so considerable that between 1792 and 1795 Meyer Amschel moved…to the highest class of taxpayer in the tax estimates of the Jewish community…From now on, Meyer Amschel’s 3 eldest sons, Amschel, Salomon and Nathan, were also active in his business…”

The same book also observed that, by 1800, Meyer Amschel Rothschild “was well on his way to getting a foothold in the door of the uppermost class of court Jews;"  and “the breakthrough for Meyer Amschel” Rothschild “came in 1803 when he succeeded for the first time in floating a bond for the state of Denmark.” Then, after Meyer Amschel’s son, Nathan Rothschild, married the “daughter of the prominent London merchant, Levy Barent Cohen” in 1806, the Rothschild Dynasty’s family gained access to the “financial elite of early 19th-century London,” because Nathan Rothschild’s father-in-law (who died in 1808) “was the center of a kinship network linking” some of “the most important families in London’s financial sector,” including “the Montefiores, the Mocattas and the Goldsmids.”

Nathan Rothschild:  Member of early 19th-Century UK financial banking elite

According to The Rothschilds: A European Family book:

“The Mocattas were among the richest traders in London, while the Goldsmid brothers dominated the English bond market up until 1810. Members of the Cohen and Montefiore families were stockbrokers.”

And after the head of the leading Goldsmid bank shot himself in 1810, Nathan Rothschild “was soon to fill the vacuum this left behind in the London banking world,” according to the same book.

Rothschilds Mansion in UK (photo by Pam Brody)

(end of part 5)